Its closest counterpart is Southland Casino Racing in West Memphis, where the live racing action is focused on greyhounds rather than horses. With a rich and intriguing history dating back more than 100 years, you'll be hard-pressed to find a racino with more character. Located in Hot Springs National Park, Oaklawn Racing Casino & Resort in Hot Springs, Arkansas, and is one of only two casino gaming venues in Arkansas. Betting on sports futures, props and lay bets.