February 24, 2017 10:54 AM ET

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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.

6000 SR 63

Lebanon, OH 45036

United States

Phone:

513-934-7070

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, 2016

Miami Valley Gaming & Racing LLC reported earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net revenue of $38.0 million compared to $33.9 million a year ago. Adjusted EBITDA was $11.2 million compared to $9.3 million a year ago. Operating income was $8.0 million compared to $6.2 million a year ago. Net income was $7.1 million compared to $5.1 million a year ago.

Miami Valley Gaming & Racing LLC Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Miami Valley Gaming & Racing LLC reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net revenue of USD 33,667,000 against USD 33,768,000 a year ago. Adjusted EBITDA was USD 9,022,000 against USD 8,531,000 a year ago. Operating income was USD 5,743,000 against USD 5,057,000 a year ago. Net income was USD 4,674,000 against USD 3,677,000 a year ago. For the nine months, the company reported net revenue of USD 102,666,000 against USD 101,599,000 a year ago. Adjusted EBITDA was USD 28,335,000 against USD 27,374,000 a year ago. Operating income was USD 18,758,000 against USD 17,005,000 a year ago. Net income was USD 15,508,000 against USD 13,351,000 a year ago.

Miami Valley Gaming Names Domenic Mancini as President and General Manager

Miami Valley Gaming announced it has named Domenic Mancini as president and general manager. Miami Valley Gaming in Lebanon announced it has named Domenic Mancini as president and general manager. He replaces James Simms who served as the general manager of the $175 million facility for its first two years of operation. Mancini has been senior director of operations since its opening. He will oversee all racing operations at the facility.

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