Miami Valley Gaming Proposes $100M Racino Expansion
The proposed expansion would bring the total VLTs in operation to approximately 2,200 and add more than 10,000 square feet of gaming floor space.
LEBANON, OH— Miami Valley Gaming & Racing, LLC, a racino and racetrack owned by joint venture partners Churchill Downs Inc. and Delaware North Gaming & Entertainment, has announced plans to build a hotel, parking garage and expanded gaming floor that will add up to 250 additional video lottery terminals.
The $100-million expansion is scheduled to be completed by the second quarter of 2021 and will be financed with debt at the joint venture. The proposed expansion would bring the total VLTs in operation to approximately 2,200 and add more than 10,000 square feet of gaming floor space.
The plans call for the development of a 194-room hotel and a parking garage that would accommodate approximately 1,000 cars. The hotel would allow the venue to expand its market beyond Cincinnati and Dayton by attracting business from major cities within a few hours’ drive, such as Columbus and Indianapolis, the racino ownership states. The garage will help address parking constraints that the venue has experienced this year on busy weekends and holidays.
The gaming and racing venue, located in southwest Ohio between Cincinnati and Dayton, opened in December 2013 with about 1,500 video lottery terminal (VLT) gaming machines and currently has more than 1,900 VLTs.
“Miami Valley Gaming has been a tremendously successful gaming and entertainment venue, and this expansion project will enhance the guest experience and make it more of an overnight and weekend-stay tourism destination,” says Brian Hansberry, president of Delaware North’s gaming division.
The expansion project will create about 300 jobs during construction and about 100 permanent positions when complete in the first half of 2021. Miami Valley Gaming currently employs more than 450 workers and is actively seeking to fill nearly 50 full- and part-time positions.
Since opening, Miami Valley Gaming has delivered more than $270 million in gaming taxes to the Ohio Lottery and $83 million in taxes to the Ohio Harness Horseman’s Association. In addition to its gaming machines, Miami Valley Gaming has four restaurants, two bars, a 5/8-mile harness racetrack with indoor grandstand, and racing simulcast center.
Thalden Boyd Emery, an architecture firm based out of Missouri, has been retained to design and develop the expansion project. TBE designed the existing Miami Valley Gaming facility.