Ohio Racing Commission withholds license transfer from Penn - 21 News Now, More Local News for Youngstown, Ohio -

Ohio Racing Commission withholds license transfer from Penn National

Posted: Updated:

WYOMISSING, Penn. - With millions already spent on site preparation, Penn National wants actual construction to be underway right now.

But the Ohio Racing Commission has delayed approving a license transfer because it wants the company to redesign the facility and add additional indoor, climate-controlled seating for racing fans.

The company's chairman and CEO says he understands the commissions commitment to support racing, but says Penn National operates seven tracks and it knows the state of the industry today. 

"Racing commissions, not just in Ohio but elsewhere, just haven't caught up with reality that the kind of racing business that we've known in the past is no more," says Peter Carlino, Chairman of the Board and CEO.

Penn National's corporate development spokesman says the commission is reluctant to accept what the company believes is right for the Mahoning Valley.

"They remain stedfast in encouraging us to maintain a level of seating that we think is anywhere remotely appropriate for current market conditions," says Steven Snyder.

Carlino says as a business, Penn National cannot look at spending capital that will not generate any returns.

"There is just a finite amount of money that can be spent on this facility and we will be as we always have been extraordinaryily disciplined about what we'll spend there so there's really not any room here to go much further. We've got a facility it's a terrific facility, It's our hope that sooner or later they will come around to realize that what we've proposed is what ought to be there, so lets leave it at that," Carlino says.

With plans to open in Austintown in 2014, they hope it will be sooner and not later.

  • More From wfmj.comMore>>

  • Judge argues for return of firing squad executions

    Judge argues for return of firing squad executions

    Thursday, July 24 2014 4:05 PM EDT2014-07-24 20:05:46 GMT
    An influential federal appeals court judge says the nation's third lethal injection execution in six months to go awry underscores his call to bring back firing squads.More >>
    An influential federal appeals court judge says the nation's third lethal injection execution in six months to go awry underscores his call to bring back firing squads.
    More >>
  • Dad charged after fallen dresser kills 2 toddlers

    Dad charged after fallen dresser kills 2 toddlers

    Thursday, July 24 2014 4:01 PM EDT2014-07-24 20:01:19 GMT
    ALIQUIPPA, Pa. (AP) - The attorney for a Pennsylvania man charged with involuntary manslaughter after a dresser fell on his two toddler daughters says their deaths were a "tragic accident," not a crime. Attorney Dale Fouse represents 28-year-old David Beatty, of Aliquippa, who is charged in the deaths of 2-year-old Brooklyn and 3-year-old Ryeley. Beaver County District Attorney Anthony Berosh says the girls would have lived if Beatty had checked on the girls when he heard the dresser fall on...More >>
    ALIQUIPPA, Pa. (AP) - The attorney for a Pennsylvania man charged with involuntary manslaughter after a dresser fell on his two toddler daughters says their deaths were a "tragic accident," not a crime. Attorney Dale Fouse represents 28-year-old David Beatty, of Aliquippa, who is charged in the deaths of 2-year-old Brooklyn and 3-year-old Ryeley. Beaver County District Attorney Anthony Berosh says the girls would have lived if Beatty had checked on the girls when he heard the dresser fall on...More >>
  • Ocean crash kills teen pilot seeking world record

    Ocean crash kills teen pilot seeking world record

    Wednesday, July 23 2014 10:03 PM EDT2014-07-24 02:03:01 GMT
    A family spokeswoman says an Indiana teenager was killed when his plane crashed while trying to set a record for an around-the-world flight.More >>
    His pilot's license fresh in his hands, an Indiana teenager set out in June for the adventure of a lifetime: an around-the-world flight with his father designed to break a record and raise money to build schools in his...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms