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May 24, 2015 4:18 AM ET

Media

Company Overview of Miami Valley Gaming & Racing LLC

Company Overview

Miami Valley Gaming & Racing LLC develops and manages VLT facility and racetrack. The company is based in the United States. Miami Valley Gaming & Racing LLC operates as a subsidiary of Churchill Downs Inc and Delaware North Companies Gaming & Entertainment, Inc.

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United States

Key Executives for Miami Valley Gaming & Racing LLC

Miami Valley Gaming & Racing LLC does not have any Key Executives recorded.

Miami Valley Gaming & Racing LLC Key Developments

Miami Valley Gaming & Racing LLC Reports Earnings Results for the First Quarter Ended March 31, 2015

Miami Valley Gaming & Racing LLC reported earnings results for the first quarter ended March 31, 2015. The company reported net revenue of $34,001,000, adjusted EBITDA of $9,367,000, net income of $6,223,000 against net revenue of $32,794,000, adjusted EBITDA of $8,583,000, net income of $4,082,000 a year ago.

Miami Valley Gaming & Racing LLC Opens New Gaming in the Dayton and Cincinnati Regions of Southwest Ohio

Miami Valley Gaming & Racing LLC opened new gaming in the Dayton and Cincinnati regions of southwest Ohio. The facility features 1,600 of the gaming industry's newest video lottery terminals; a racing simulcast center, broadcasting races from around the country; and a 5/8-mile harness racetrack. The racetrack, which will open in February to replace Lebanon Raceway, will accommodate more than 1,000 harness-racing fans in an indoor grandstand. Miami Valley Gaming boasts four new dining options for the region: CinCity, a 1940's-cool steak and seafood restaurant with upscale service but a high-level casual feel; Acres Seasonal Buffet, featuring a wide array of prepared cuisine and action stations focused on serving dishes using fresh, Ohio-grown produce; Trifecta, three fast-casual eateries in one where guests can savor brick-oven pizzas, famous Cincinnati and other chili, and specialty burgers; and MV Perks, a coffee shop also offering pastries, shakes and smoothies. Miami Valley Gaming also offers two tavern options: 1803 Bar and Center Bar. Paying homage to the year Ohio became the 17th state, the 1803 Bar features both traditional and dining seating and a game of Ohio-specific trivia. Center Bar is a highlight of the gaming floor area, featuring full-service cocktails, spirits, wines and craft brews and other beers. The facility is expected to generate at least $24 million per year for local communities and provide more than 500 jobs in the region.

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