Ohio's latest entry into the gambling industry opened its doors for business Thursday morning. Miami Valley Gaming in Warren County features 1,600 video lottery terminals, several dining options and a harness racetrack that will open in February. President and general manager Jim Simms said the facility is expected to generate about $24 million per year for the community.
The company opening a racino in Turtlecreek Township says it's committing $3 million to revitalizing the Warren County Fairgrounds.
Miami Valley Gaming is contributing $1 million this year that will support redeveloping the current Lebanon Raceway at the fairgrounds. The raceway is being moved to the new gaming and racing complex that will be built.
The company is also contributing $500,000 per year for the next four years.
Warren County leaders have some big decisions to make about how to fill the soon to be vacated Lebanon Raceway.
With the Miami Valley Gaming racino on track to open in early 2014 in Turtle Creek Township, (Union Rd. and St. Rt. 63) a Warren County planning committee is starting to examine how to fill the space Lebanon Raceway no longer will. The 93 acre Warren County Fairgrounds is owned by the taxpayers and Commissioner Dave Young says he wants to make sure they get their money's worth. There are many possibilities. He likes an equestrian center.
Warren County Commissioners have approved plans for developing a $175 million racino in Turtlecreek Township. The facility will combine harness racing with up to 2,500 video lottery terminals. It'll be located on State Route 63 at Union Road. The current Lebanon Raceway will move to the new site.
It's a joint venture of Churchill Downs and Delaware North Companies Gaming and Entertainment, which have formed a new company, Miami Valley Gaming and Racing, to develop and operate the racino.