Scioto Downs, Inc.

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International Guild of Hospitality & Restaurant Managers

Scioto Downs, Inc. (OTC BB:SCDO.OB)

6000 South High Street
Columbus, OH 43207

Phone: (614) 491-2515
Fax: (614) 491-4626
Employees (last reported count): 350

Scioto Downs, Inc. owns and operates a harness horseracing facility located in Columbus , Ohio . In addition to the racetrack itself, there are parking, grandstand, clubhouse and eating facilities for the Company's customers, and barn and stable facilities for the horses. The Company's revenue is derived primarily from commissions on pari-mutuel wagering (net of pari-mutuel taxes), admission fees to enter the facilities and concessions, programs and parking. In 2001, commissions on pari-mutuel wagering net of pari-mutuel taxes represented 72% of revenues, while revenues from concessions, parking and programs represented 7% of total revenues.

Except on special occasions such as Memorial Day, July 4 and Labor Day, the Company conducts its racing at night. The 136-day racing period in 2001 commenced May 4, 2001 and continued through July 17, 2001 , and re-commenced on August 1, 2001 , going through through September 29, 2001 . During 2001, major racing programs conducted at Company's facilities included the Little Brown Jug Preview, the Scarlet O'Hara, the Pink Bonnet, the Ohio Sires Stakes events and Ohio Fair stakes events.

During 2001, the Company implemented a plan to utilize its facilities during the non-live and live racing seasons to generate additional revenue and cash flow. Beginning January 1, 2001 , the Company commenced year-round simulcasting with the permission of the Ohio State Racing Commission. The Company operated full-card simulcasting operations from January 1, 2001 , through May 3, 2001 , and re-commenced on September 30, 2001 , following the live racing season. In addition, the Company has expanded the rental of its facilities and storage areas to various entities.

Company owns in fee approximately 173 acres of land in Columbus , Ohio . Situated thereon are the physical facilities necessary for the operation of a harness horseracing business, including the racetrack, grandstand with a capacity of 10,000 and enclosed clubhouse buildings with a capacity for 1,500 customers, in which are located eating and pari-mutuel wagering facilities (including simulcasting), barns, a paddock and related facilities for the horses, drivers and trainers. In addition, a substantial (approximately 6,000-space) parking area is provided for customers. These facilities are used fully during the racing season.

On August 1, 2001 , Company acquired Mid-America Racing Association, Inc., which owns a racing permit entitling it to conduct harness horseracing. The Company commenced operations on August 1, 2001 , under the Mid-America Racing Association, Inc. permit through September 30, 2001 . The lease of racing facilities between Mid-America Racing Association, Inc. and the Company was terminated as of the acquisition date.

The Company's major competitor is Beulah Park thoroughbred horse racetrack.

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The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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