MTR Gaming makes final $25 mil payment to OH
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The property's performance has exceeded the expectations of the Ohio Lottery too. The Ohio Lottery estimated that the state's share of revenue from Scioto Downs would be approximately $3 million a month. Through April the casino has averaged $3.7 million dollars a month in payments, or 23% more than expected and has contributed more than $37 million dollars to state coffers.
"Scioto Downs has been a good partner,” says Ohio Lottery Director, Dennis Berg. "As the first video lottery terminal operator in the state, we're grateful for Scioto Downs professional and proactive operations. The track has provided $50 million in licensing fees, along with more than $37 million in gross operating revenue, which will go toward education in Ohio.”
"We are proud that this money goes towards the betterment of the community through education,” said Troy Buswell, VP and General Manager of Scioto Downs. "But we bring more to the table than just tax dollars. Scioto Downs has hired more than 600 employees locally and spends hundreds-of-thousands of dollars a year for services and products provided by local vendors. We are proud to be very active in the community, contribute to numerous charities and causes and we will continue to look for more ways to help this great community grow.”
One of the many beneficiaries of the Racino's opening is the local hospitality industry.
"We have definitely seen an increase in customers,” said Roger Fangman, General Manager of the Baymont Inn and Suites. "The Scioto Downs Racino has been good for business and they are great partners in the local community.”
The gaming property, which has attracted more than 2.7 million customers to date, has undergone several improvements in the past year including the addition of a 300-seat buffet, a 100-seat casual dining restaurant, an 82-seat bar/lounge with high-tech sound and lights, and renovations to the grandstand and grounds. (MTR Gaming)