MNTG completes promised payment of $50M

June 10, 2013 8:07 PM
by

MTR Gaming Group Inc. (MNTG) When Scioto Downs in Columbus, Ohio, became the first racino in that state, the property’s owner, MTR Gaming Group Inc. (MNTG), promised to pay the state a $50 million license fee. Half that amount was paid initially when the racino opened on June 1, 2012.

Last week, the company announced it had paid another $25 million, thus completing its total commitment for the slots facility.

Dennis Berg, the director of the Ohio Lottery that oversees the gambling, called Scioto Downs a good partner.

“We’re grateful for Scioto Downs professional and proactive operations,” he said.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at RayPoirier@GamingToday.com.

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