NASCAR is sometimes cited as a sport that horse racing should emulate. To be sure, the car racing that originated with drivers hauling bootleg whiskey in the South has grown into a blockbuster enterprise with the most television viewers among all sports except football. But the growth spurt looks to be in trouble.

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MTR Gaming Group, Inc. owns Mountaineer Casino Racetrack and Resort (formerly Waterford Park) in Chester, West Virginia, on the Ohio River.  It offers slots, table games, poker, and Thoroughbred racing at this facility. The Company opened Presque Isle Downs in Erie, Pennsylvania, in 2007 with a casino complex, restaurants, and a racetrack with a Tapeta synthetic surface [...]

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