Partnership to seek slots license for Lebanon Raceway

Jul 30, 2012 9:46 AM

The newly-formed partnership of Churchill Downs Inc. and Delaware North Cos. has announced plans to build a $175 million racino at the little harness racing facility known as Lebanon Raceway in Lebanon, Ohio.

Plans call for an upscale horse racing facility that would have 2,500 video lottery terminals.

The joint venture, to be known as the Miami Valley Gaming and Racing LLC, said the project would employ some 1,000 construction workers and would create 700 permanent jobs. The operation would generate $24 million for the local economy, according to a company spokesman.

The track is located along Interstate 75, near the intersection of Ohio 63 and Union Road in Turtlecreek Township.

Churchill Downs operates racetracks in Kentucky, Illinois and Louisiana while Delaware North, a privately-owned company led by the Jacobs Family of Buffalo, N.Y., has operations in New York State and West Virginia.

Currently, only Scioto Downs in Columbus, a property operated by MTR Gaming Group, has taken advantage of the Ohio law permitting racetracks to install VLTs.