August 20, 2014 1:16 AM ET

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Company Overview of Miami Valley Gaming & Racing LLC

Company Overview

Miami Valley Gaming & Racing LLC develops and manages VLT facility and racetrack. The company is based in the United States. Miami Valley Gaming & Racing LLC operates as a subsidiary of Churchill Downs Inc and Delaware North Companies Gaming & Entertainment, Inc.

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United States

Key Executives for Miami Valley Gaming & Racing LLC

Miami Valley Gaming & Racing LLC does not have any Key Executives recorded.

Miami Valley Gaming & Racing LLC Key Developments

Miami Valley Gaming & Racing LLC Opens New Gaming in the Dayton and Cincinnati Regions of Southwest Ohio

Miami Valley Gaming & Racing LLC opened new gaming in the Dayton and Cincinnati regions of southwest Ohio. The facility features 1,600 of the gaming industry's newest video lottery terminals; a racing simulcast center, broadcasting races from around the country; and a 5/8-mile harness racetrack. The racetrack, which will open in February to replace Lebanon Raceway, will accommodate more than 1,000 harness-racing fans in an indoor grandstand. Miami Valley Gaming boasts four new dining options for the region: CinCity, a 1940's-cool steak and seafood restaurant with upscale service but a high-level casual feel; Acres Seasonal Buffet, featuring a wide array of prepared cuisine and action stations focused on serving dishes using fresh, Ohio-grown produce; Trifecta, three fast-casual eateries in one where guests can savor brick-oven pizzas, famous Cincinnati and other chili, and specialty burgers; and MV Perks, a coffee shop also offering pastries, shakes and smoothies. Miami Valley Gaming also offers two tavern options: 1803 Bar and Center Bar. Paying homage to the year Ohio became the 17th state, the 1803 Bar features both traditional and dining seating and a game of Ohio-specific trivia. Center Bar is a highlight of the gaming floor area, featuring full-service cocktails, spirits, wines and craft brews and other beers. The facility is expected to generate at least $24 million per year for local communities and provide more than 500 jobs in the region.

Miami Valley Gaming & Racing LLC Completes Purchase of Racing Licenses and Certain Assets from Lebanon Trotting Club Inc. and Miami Valley Trotting Inc

Miami Valley Gaming & Racing LLC completed its purchase of the harness racing licenses and certain assets held by Lebanon Trotting Club Inc. and Miami Valley Trotting Inc. The closing on the purchase and recent state and local approvals pave the way for construction to begin on a new gaming and racing facility located near exit 29 off of Interstate 75 between Cincinnati and Dayton. The new facility is expected to open in the first quarter of 2014. When construction of the new venue is completed, harness racing and simulcast operations will move from the current location at the Warren County Fairgrounds to the new gaming and racing complex on the northeast corner of Union Road and State Route 63 in Turtle Creek Township in Warren County. The joint venture finalized the acquisition of this land with the Ohio Department of Administrative Services on Dec. 20, 2012. The new facility will include a 5/8-mile harness racing track and a 186,000-square-foot gaming facility, featuring up to 2,500 video lottery terminals (VLTs), on the 120-acre site. The Warren County Board of Commissioners approved the planned use development for the new facility in October. Miami Valley Gaming & Racing will invest approximately $215 million, including the $50 million license fee payable to the Ohio Lottery Commission. The purchase was contingent upon the approval of the partnership's respective applications to the Ohio Lottery Commission and the Ohio State Racing Commission. The Ohio State Racing Commission approved the joint venture's racing license and application to relocate the raceway on Dec. 13, 2012. The Ohio Lottery Commission conditionally approved Miami Valley Gaming & Racing's application for its video lottery sales agent license on Dec. 19, 2012. Racing and simulcasting will continue at the Warren County Fairgrounds facility until construction of the new facility is complete.

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