Pa. company makes deal to move 2 Ohio horse tracks

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Associated Press

Posted on March 16, 2012 at 3:00 PM

Updated Friday, Mar 16 at 3:01 PM

TOLEDO, Ohio (AP) — A Pennsylvania gambling company building two casinos in Ohio says it has reached a deal with Ohio allowing it to move its horseracing tracks in Toledo and suburban Columbus.

Penn National Gaming Inc. wants to build new tracks near Youngstown and in Dayton. It wants to move the existing tracks so its new casinos in Toledo and Columbus don't compete for customers with the horse tracks.

Penn National is based in Wyomissing (wy-uh-MIS'-ing), Pa. It says it owns and operates 19 casinos in the United States and Canada. It'll pay Ohio $150 million so it can move the two tracks. It also plans to give the state a share of the profits from video slot machines in the new horse tracks.

Ohio lawmakers still need to approve allowing video lottery machines at the state's horse tracks.

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