Tioga Downs Raceway Opens Today
Nevada Gold & Casinos, Inc. today announced the opening of Tioga Downs Raceway. The new harness racing and entertainment facility includes numerous amenities, including a newly constructed 90,000 square foot grandstand housing restaurants, lounges, arcades, entertainment, and retail, as well as the Video Lottery Terminal (VLT) facility, which includes 750 video lottery terminals, and is expected to open later this month. Live racing and simulcasting begins today. John Arnesen, President and Chief Operating Officer of Nevada Gold & Casinos, Inc., commented, ``We are delighted to celebrate the opening of the Tioga Downs Raceway, which brings a new level of racing and entertainment to the Binghamton and surrounding areas. With the completion of our racing and dining facilities, we are delivering truly exciting and dynamic entertainment options to our guests and we think they will be as enthusiastic as we are about the many new features Tioga Downs offers. We believe today marks a milestone for the company, as Tioga Downs is one of many compelling projects that will be instrumental in facilitating our growth and building shareholder value over the long term.'
Nevada Gold & Casinos, Inc., through its subsidiary Nevada Gold NY, Inc., owns a 40% membership interest in American Racing and Entertainment, LLC. American Racing owns 100% of Tioga Downs Racetrack, LLC, which owns the Tioga Downs Racetrack in Nichols, New York.