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Churchill Downs Inc. completes part of Saratoga Casino deal - Louisville

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Churchill Downs Inc. completes part of Saratoga Casino deal - Louisville

Churchill Downs Inc. announced Friday it has completed the first part of a deal to… more

Louisville-based Churchill Downs Inc. (NASDAQ: CHDN) and Saratoga Harness Racing Inc. have completed the first part of a deal to acquire a 25 percent membership interest in Saratoga Casino Holdings LLC, which closed at $24.8 million.

Saratoga Casino Holdings is a fairly new entity that includes Saratoga Casino and Raceway in Saratoga Springs, N.Y.; Saratoga Casino Black Hawk in Black Hawk, Colo.; and a 50 percent interest in a joint venture with Delaware North Companies to manage the Gideon Putnam Hotel and Resort in Saratoga Springs, N.Y., according to a news release.

Churchill Downs Inc. announced Friday it has completed the first part of a deal to… more

Saratoga Casino and Raceway includes a $40 million hotel expansion, which is under development and slated to open in spring of 2016.

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNFXHCepKjZg-37Nlj4qedNSq9Jhtg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778962952272&ei=g_sPVvjmJIaxhQHD-5zQBw&url=http://www.bizjournals.com/louisville/news/2015/10/02/churchill-downs-completes-part-of-casino-deal.html

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