Pa. company makes deal to move 2 Ohio horse tracks

JOHN SEEWER Associated Press Published:

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 horse racing 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 will 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 that will be put in the new horse tracks.

State lawmakers still need to give their approval to allowing video lottery machines at all the state's horse tracks.