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Penn National signs MOU for new Ohio VLT facilities

19th March 2012 10:11 am GMT

Penn National Gaming Inc. has signed an agreement with the state of Ohio which will help pave the way towards the relocation of its two Ohio racetracks and the development of new video lottery terminal (VLT) facilities in Dayton and Austintown.

The non-binding Memorandum of Understanding (MOU) between Penn National Gaming and the office of Ohio Governor John Kasich requires the company to pay a $75m relocation fee per VLT facility within 180 days after each [...]

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