The harness commission required American Harness Tracks to secure a minimum of $150 million in financing and present a management plan after a developer went bankrupt.

According to a 2004 law authorizing slot machine gambling, the state would allow five standalone casinos, two smaller resort casinos, and seven racinos (racetrack/casino combinations). If built, the American Harness project, will the the seventh racino to be authorized under the law.

The facility will be developed and managed by the Chicago-based Merit Management, which already has casinos in 13 states as well as Latin America.

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American Casino Guide