MNTG completes promised payment of $50MJune 10, 2013 8:07 PM by Ray Poirier
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.
State officials say Nevada gambling revenue was down more than 2 percent in April compared with last year. The Nevada Gaming Control Board said Thursday that the state’s casinos won $876 million in April.
Gov. Chris Christie said a deal to rescue Atlantic City that advanced in the Legislature this week contains the authority he would need to help the struggling resort town, but he stopped short of saying he would sign it.
As many as 11 states may adopt regulations permitting and regulating daily fantasy sports by the end of the year. Six states have passed bills to regulate daily fantasy sports so far, and five more may do so soon.
Gamblers lost more money at Mississippi casinos along both the Gulf Coast and Mississippi River in April. Figures released by the state Revenue Department show casinos won $181 million in April, up 2 percent from $177 million in April 2015.
Legal, regulated sports betting is good for business and the integrity of the game, National Basketball Association Commissioner Adam Silver told ESPN.
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