Published:
March 16, 2009 02:51 pm EDT
Batavia Downs, owned and operated by Western Regional OTB, showed a profit of $1.1 million last year, more than three times its net of the previous year.
President and CEO Marty Basinait’s big gamble in buying Batavia for $2.5 million (U.S.) in 2001, and then spending more than $20 million in renovations and new construction, is finally paying off.
VLTs were installed in 2005 and Batavia was on its way. A restaurant and sports bar were opened last year, and the operation’s smoking area enlarged. Basinait called the 2008 numbers “very encouraging,” noting they were one of the top growth racinos in the state.
(HTA Daily Newsletter)
Tags