Churchill Downs Closes Duet of Pay for Deals
The gambling house and racetrack operator seems to have expanded it is presence throughout Illinois as well as Pennsylvania with the help of two components to their portfolio
Kentucky-based casino together with racetrack buyer Churchill Downs Inc. carried out a duet of acquire deals previously this week within the company’s usually extend a footprint with key market segments across the America and to bare concrete itself as being a leading seller of gambling properties and even horse racetracks.
In a announcement from Friday, March around eight, Churchill Downs announced the very purchase of Sweetheart Luck Gambling establishment Nemacolin inside Farmington, Missouri for entire cash thing to consider of $321.88, 000. Reports about the transaction’s closure arrived on the an incredible of the vital regulatory endorsement the betting house and racetrack operator acquired by the California Gaming Manipulate Board previous this week.
Churchill Downs features thus answered management on the property after acquiring specific assets regarding its managing from competing Eldorado Resorts. Lady Good luck Casino Nemacolin opened doorways in 2013. The property features 600 slot machines and 29 table games.
Churchill Downs bought the Lady Fortune property to be a condition for any closure of any previously publicised deal to get Presque Section Downs & Casino with Erie, Pennsylvania from Eldorado Resorts intended for total income consideration about $178. Continue reading…