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Churchill Downs and Mate Get OK to Build Brand-new Kentucky Racetrack with Gaming Parlor

Thursday, September 19th, 2019

Churchill Downs and Mate Get OK to Build Brand-new Kentucky Racetrack with Gaming Parlor

Churchill Downs and Keeneland will function jointly Kentucky’s first brand new harness racetrack in about 25 years

The Kentucky Horse Races Commission selected on Comes to an end Churchill Downs and Keeneland Inc. since the winning customers for the structure of a harness racetrack along with a gambling restaurant in European Kentucky. Most of their joint venture certainly is the first racetrack to be built in the state throughout 25 years.

Churchill Downs plus Keeneland own presented a scheme to along develop along with operate some sort of $150-million racetrack in Oak Grove with Chistian County. The second item company is only going to own 5% in the project.

The winning bidders will certainly build a five-eighths of a distance racetrack which may host 12 days of standardbred races . Construction is actually expected to start off as early as next year. The new complicated will also offer 1, 500 historical races machines. A few weeks back, a Signal Court Determine ruled the particular machines were pari-mutuel, which in turn made these products legal less than Kentucky law regulations that safeguard gambling regarding horse speeding. Churchill Downs opened your gambling shop with historical racing equipments at its Louisville property early this year.

Typically the machines are estimated to have produced over $21 trillion for the state coffers because 2010. Churchill Downs Racetrack President Kevin Flanery told media which they expect the machines in their brand-new property towards annually make $10 million. (more…)