Miami Valley Gaming (mvg)
“Can a mid-size Ohio racino expand its gaming and entertainment footprint profitably by layering sports betting and loyalty programs onto a legacy harness racing and slots operation?”
Founded2012
HQLebanon, Ohio, USA
IndustryHospitality / Gaming & Racing
The story
Miami Valley Gaming was founded in 2012 as a joint venture between Churchill Downs Incorporated and Delaware North to operate a racino (combined racetrack and casino) in Lebanon, Ohio. The property offers video lottery terminals, harness racing, dining, and entertainment. In 2023, the company expanded into retail sports betting by partnering with Kambi Group for on-property sportsbook technology, reflecting broader Ohio gaming market expansion following sports betting legalization.
Product timeline
2012
Miami Valley Gaming and Racing, LLC founded as a joint venture between Churchill Downs Incorporated and Delaware North, operating a racino in Lebanon, Ohio.· pivot
2023
Signed multi-year agreement with Kambi Group to power on-property sportsbook technology, expanding into retail sports betting.· banking
The stack
2 layers disclosed in Miami Valley Gaming (mvg)’s embedded-finance stack
Money movement
Banking / BaaS
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.