Churchill Downs Closes Duo of Exchange Deals
The modern casino and racetrack operator includes expanded their presence throughout Illinois plus Pennsylvania with the help of two qualities to its portfolio
Kentucky-based casino in addition to racetrack provider Churchill Downs Inc. finalized a duet of obtain deals prior this week as part of the company’s usually extend it is footprint on key areas across the U . s and to cement itself for a leading holder of playing games properties plus horse racetracks.
In a announcement from Exclusive, March eight, Churchill Downs announced the purchase of Lovely lady Luck On line casino Nemacolin on Farmington, Pennsylvania for whole cash aspect to consider of $22.99, 000. Current information about the transaction’s closure originated on the high heels of the vital regulatory credit the internet casino and racetrack operator gotten by the Pa Gaming Manipulate Board previous this week.
Churchill Downs offers thus thought management of the property soon after acquiring several assets associated with its administration from opponent online pokies real Eldorado Hotels. Lady Chance Casino Nemacolin opened entrances in 2013. The property benefits 600 slots and 29 table games.
Churchill Downs acquired the Lady Good fortune property like a condition for the closure associated with a previously published deal to invest in Presque Region Downs & Casino within Erie, Pd from Eldorado Resorts just for total income consideration associated with $178. (more…)