New Castle News

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October 25, 2012

State harness commission OKs local track stock transfer

NEW CASTLE — The Pennsylvania Harness Racing Commission Thursday approved the transfer of American Harness Tracks stock to Philadelphia-based Endeka Entertainment.

However, within the next 30 to 60 days, six conditions must be met by the newly named developer of Valley View Downs racetrack/casino.

These conditions include providing documentation verifying at least $170 million is available for the construction of a racing facility and that application be made to the Pennsylvania Gaming Control Board for a casino license for the facility.

Both of those conditions must be met within 30 days.

The company also provided assurance that the development will be built in Mahoning Township, Lawrence County.

More information will be provided tomorrow in the New Castle News.

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