Oaklawn Racing and Gaming announces $100 million expansion

In Arkansas, the firm supporting Oaklawn Racing and Gambling has allegedly unveiled a plan that is to view it spend approximately $100 million in order to put in a 200-room hotel and a 14,000 sq ft events center into the horseracing and gaming venue.

Expanded gaming floor:

According to a Tuesday report from the Arkansas Democrat-Gazette newspaper, Oaklawn Jockey Club clarified that the scheme will also demand a 28,000 sq ft growth of the 114-year-old facility’s gambling floor alongside the premiere of an adjoining food court and cafe.

The newspaper reported that the growth of the center in town of Hot Springs was four years in the making but was just realizable after Arkansas voters passed Issue 4 before this month as part of the ‘mid-term elections. ’ This step the southern state’s constitution in order to permit for the debut of four fully-fledged casinos and meant that Oaklawn Racing and Gaming could add table games like poker and blackjack to its current portfolio of electronic skill games.

New centers to open in 2020:

Wayne Smith, General Manager for Oaklawn Racing and Gaming, told the newspaper that building will begin after the conclusion of the place ’s live racing year in May together with the growth of the casino floor anticipated to be finished by the following January. He moreover comprehensive the new seven-story hotel, which is to boast a spa, outdoor pool and a restaurant of its own, as well as the forthcoming events center are to open by the end of 2020.

Smith also declared that about 2,300 people are to participate in helping to construct the new facilities in the Garland County venue, which is to now require an additional 400 full-time workers.

Securing its location:

Louis Cella, President for Oaklawn Jockey Club, told the Arkansas Democrat-Gazette the project represents one of the country ’s largest-ever private investments in the tourism and hospitality sector and is sure to help Oaklawn Racing and Gaming to secure its location as a ‘premier tourism destination. ’