Churchill Downs Inc. is ending its involvement with the Lady Luck Nemacolin gambling establishment in the Keystone State. The firm has opted not to extend its administrative agreement for the gaming venue. In its place, Woodlands Fayette, LLC, the current manager of the Nemacolin resort, will assume operational control.
As a component of the arrangement, Churchill Downs divested most of the casino’s holdings to Woodlands Fayette at a favorable rate. This facilitated a smooth handover, with Woodlands Fayette promptly taking charge and extending employment offers to the entire casino workforce.
Concurrently, Churchill Downs is directing its attention toward a fresh endeavor in Daviess County, Kentucky, situated just outside of Owensboro. The corporation recently procured land there with the intention of establishing a historical horse racing (HRM) entertainment complex. This new establishment is designed to supplement and financially bolster the company’s existing Ellis Park Racing & Gaming facility. Churchill Downs will unveil further particulars regarding this project, encompassing the precise location, developmental approach, and investment outlines, in the ensuing months.
Churchill Downs purchased Ellis Park, positioned in Henderson, Kentucky, for $79 million back in September 2022. Ellis Park, boasting a century-long legacy, is recognized as the origin of summertime Thoroughbred racing in Kentucky and enjoys a solid standing within the Northern Kentucky and Southern Ohio area.
The Run for the Roses experienced unprecedented wagering in the current year! The famed track, Churchill Downs, along with its betting associate, TwinSpires, declared massive figures for the May race date. Although Churchill Downs features nearly 300 slot machines in its gambling section, it’s the equines that generate the substantial revenue – and in this calendar year, wagers on the Kentucky Derby, the Kentucky Oaks, and other races throughout Derby Week surpassed all previous records.
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