2 Ohio horse tracks get new owners tied to casinosWritten by Associated Press | | firstname.lastname@example.org
Two Ohio horse tracks have been cleared for sale to gambling giants in deals that will further consolidate power on the state’s evolving gambling landscape.
Las Vegas-based Harrah’s Entertainment is paying $43 million to buy Thistledown, a bankrupt track in Cleveland. Ohio Racing Commission director Tom Fries Jr. says the firm is poised for a potential joint venture with Rock Ventures, the developer of planned casinos in Cleveland and Cincinnati.
Penn National Gaming is paying $37 million to buy central Ohio’s Beulah Park. The Wyomissing, Pa.-based company owns Raceway Park in Toledo and rights to casinos planned in Columbus and Toledo.
Both track sales were cleared by the commission. If voters agree in November, tracks may begin featuring slots-like video lottery terminals.