FOR IMMEDIATE RELEASE

July 10th, 2008

COMMONWEALTH OF PENNSYLVANIA

Pennsylvania Gaming Control Board
P.O. Box 69060
Harrisburg, PA 17106-9060

CONTACT

Doug Harbach or Richard McGarvey (717) 346-8321

Valley View Downs Request For Conditional Slots Gaming License Denied By PGCB

HARRISBURG: The Pennsylvania Gaming Control Board today denied a request by the developers of the Valley View Downs racetrack in Lawrence County to grant a Conditional Category 1 slots gaming license prior to the completion of its background investigation and suitability hearing.

The unanimous decision by the Board does not deny the application by Valley View Downs, a subsidiary of Centaur, LLC, a slots gaming license in the future. Rather, the Board's decision acknowledges its view that the background investigation of those persons who control the slot machine license must be completed prior to licensing the casino facility. In this case, the background investigation by the Board on their application continues and a suitability hearing can be scheduled in the future to gather additional information and evidence necessary to consider the award of a slots license.

"Valley View Downs' application review and investigation is not to the point where the Board felt it had all the necessary background information required within Pennsylvania's strict regulatory environment to issue a conditional license at this time," said Chairman Mary DiGiacomo Colins. "At the same time, it is important to note that today's decision does not impact any future decision by this Board on Valley View's application for a slot operator's license."

The Board expects to release an adjudication on this decision in the near future, and will post that opinion on the PA Gaming Control Board web site, http://www.pgcb.state.pa.us.

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