Churchill Downs and Loved one Get SO to Build Brand-new Kentucky Racetrack with Casino Parlor

Churchill Downs and Keeneland will conduct jointly Kentucky’s first brand new harness racetrack in twenty-five years

The Kentucky Horse Rushing Commission picked on Friday Churchill Lows and Keeneland Inc. for the reason that winning buyers for the formation of a harness racetrack and also a gambling restaurant in Developed Kentucky. Their joint venture is definitely the first racetrack to be a built in the state throughout 25 years.

Churchill Downs together with Keeneland currently have presented an idea to with each other develop along with operate some $150-million racetrack in Oak Grove in Chistian District. The cash requirements company will only own 5% in the task.

The winning bidders can build a five-eighths of a mi. racetrack that should host tolv days of standardbred races . Construction can be expected to hot shot casino start out as early as in 2012. The new complex will also aspect 1, 400 historical races machines. A month ago, a Signal Court Determine ruled how the machines had been pari-mutuel, which in turn made these people legal beneath Kentucky legal guidelines that shield gambling in horse race. Churchill Downs opened your gambling restaurant with important racing equipments at its Louisville property earlier this year.

The actual machines have been completely estimated to get produced above $21 , 000, 000 for the state’s coffers as 2010. Churchill Downs Racetrack President Kevin Flanery told media they will expect the main machines with their different property in order to annually generate $10 zillion. (далее…)