Churchill Downs completed the sale says Fair Grounds
Churchill Downs has the right of ownership over a seventh track and its first winter with a timetable, on Friday, the conclusion on their purchase of $ 47 million from the historical heart of Fair Grounds.
The closure of the exhibition puts on bankruptcy and comes with a little more than five weeks before the runway of New Orleans remains the traditional Thanksgiving opening.
Andrew Skeahn, Chief Operating Officer of Louisville-based Churchill Downs Inc., said there are no immediate plans to amend the Fair Grounds’ traditional 82 days of racing per year, taking in this season is planned for the period from 25 November - March 27.
“It was one of the main attractions, so that I could not see any change radically from us,” said Skeahn. “We just want to do what we do now, only better.”
The purchase also includes 11 Off-track betting lounges, including one on the road itself and also operates the track races live this season.
The winter will strengthen Churchill Downs “Simulcast betting network. There is also Churchill Downs, in his first opening expanded gambling. The Mass is consistent with an On-Track Casino with hundreds of slot machines.
Skeahn not say when CDI would advance the phase of Casino.
“We have much work ahead in this direction, but we do. It is a way to help us improve the race program here and it is something that is an integral part of this process,” said Skeahn. “We try to get (slots) in almost every track we operate. You need almost today, in order to remain competitive in the preliminary race.”
Tours, video poker slot machines or use these receipts of gambling to subsidize racing currency in order to better design horses.
Faire video poker machines, and it was an appeal on how the money was shared by the bankruptcy procedure, which involves opening up the Commission for the purchase of a runway, he had eyes for several years.
CDI controlled until Krantz acquisition by the family of New Orleans, the fair was forced into bankruptcy protection in August 2003 after the state courts, the runway due riders over $ 90 million for underpayments of video poker RACING revenue in purses.
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