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500 Video style slot machines are located inside Newport Racing and Gaming The gaming center includes horserace simulcasting where players can bet on Turfway Park and other tracks across the country. The new Simulcast Center includes a tribute to Turfway Park in Florence.
FLORENCE, Ky. -- Turfway Park is planning an expansion to house up to 250 new slot machines that would take advantage of a 2014 Kentucky Supreme Court ruling that allows slots-style betting based on historical horse-race results.
The move would bring a seventh casino competitor to an already crowded gambling market in Cincinnati.
Under a proposal approved by the Kentucky Horse Racing Commission Tuesday, Turfway Park LLC plans to hire up to 35 new employees for the 10,000-square-foot expansion on the first floor of the Florence race track.
“The introduction of historical race wagering will enable Turfway to provide competitive purse structures and provide amenities for our patrons, which will strengthen the horse racing industry in Kentucky,” the company said in its proposal.
Slots-style betting parlors are already in place at three Kentucky horse racing tracks: Red Mile, Kentucky Downs and Ellis Park.
Turfway said the new wagering machines would be managed by Rock Gaming, the Detroit-based owner of the Horseshoe Cincinnati casino Downtown.
A spokesman for the Racing Commission said it will take several months to get the new machines up and running at Turfway. Once a facility is built to house the slot machines, they'll have to be inspected by state officials before they can be used by gamblers.
'We do not have a timeline at this point,' said Turfway Park General Manager Daniel 'Chip' Bach. Rock Gaming has been exploring the idea for several months and is now talking to potential contractors about building an operating the facility. Bach said a spring-time opening is 'entirely possible,' the company hasn't established definitive plans.
Cincinnati's gaming industry has struggled with six rivals that battle for share in a market that's growing slowly. If Bach is worried about being the 7th rival in a crowded market, he's not showing it.
We view these machines as a unique offering in the market,' he said.
The state of Kentucky is synonymous with gambling. The home of Churchill Downs and several other prominent horse racing tracks, pari-mutuel betting has been going on for ages in the Bluegrass State. However, some gambling amusements like blackjack, roulette, slot machines and other casino games are off the legal gambling menu. A few years ago, some racetracks found a way around that by installing “historical race wagering” machines, and Turfway Park in Florence has announced plans to do the same.
photo courtesy www.nkytribune.com | Turfway Park said it will be installing up to 250 of the legally-designed slot machines over the coming months. In a proposal to state regulators, the company said it’s planning to construct a 10,000 square foot addition to house the historic racing slots, and will employ an extra 35 staff members to work the new gaming floor.Once the historic racing slots open, Turfway Park will become the fourth race track in Kentucky to install the slots-like machines. Kentucky Downs in Franklin was the first to do so, deemed a form of “Instant Racing” wagering, in 2011. Henderson’s Ellis Park followed suit in 2012, and Red Mile in Lexington in September 2015. The historical racing slots were first approved by the Kentucky Horse Racing Commission in 2010, at the same time asking the Supreme Court for its official opinion on whether the gaming devices were legal in the state. It wasn’t until 2014 that the courts ruled in favor of the slots-like gambling devices; a move that spurred Red Mile and Turfway Park into investing in the new machines. |
“Historical Race Wagering” vs Real Slot Machines
To the average player, there’s really no difference between a slot machine and historical race wagering. They look the same, feel the same, the reels spin the same, and at a glance, even the payouts are delivered the same. But in reality, there’s a very distinct difference in the way payouts are determined; one that technically removes the dominant element of “chance” found in traditional slot machines.
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Full House Resorts CEO Daniel Lee, whose company owns Indiana’s Rising Star Casino, explained the difference between slot machines and historic racing slots.
“The [traditional] slot machines here [at Rising Star] use a random number generator to determine whether you won or lost and the wheels spin to show you that outcome,” he said.
Historical racing slots “use a randomly generated horse race to show you whether you won or lost and spins the wheels to show you the result. It’s all done in a nanosecond,” he explained, “so to the customer there’s no difference. It looks and feels like a slot machine.”
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With a throng of competition from casinos in Ohio, Indiana and Illinois, not to mention other racetracks in Kentucky, the proposal from Turfway Park said the decision to install historic racing slots was necessary to better compete in an already saturated market.
“The introduction of historical race wagering will enable Turfway to provide competitive purse structures and provide amenities for our patrons, which will strengthen the horse racing industry in Kentucky,” the company said.
General Manager Daniel ‘Chip’ Bach said there is no timeline in place at the moment, as they are just now discussing the opportunity with contractors, but a launch of the legal slot machines in Spring 2016 is “entirely possible”.
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