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Churchill Lows and Mate Get SO to Build Innovative Kentucky Racetrack with Casino Parlor

Churchill Lows and Mate Get SO to Build Innovative Kentucky Racetrack with Casino Parlor

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

The Kentucky Horse Speeding Commission chosen on Week Churchill Lows and Keeneland Inc. when the winning visitors for the design of a create racetrack plus a gambling shop in West Kentucky. All their joint venture would be the first racetrack to be made in the state for 25 years.

Churchill Downs and even Keeneland own presented plans to mutually develop plus operate the $150-million racetrack in Walnut Grove for Chistian District. The latter company will still only own 5% in the project.

The winning bidders may build a five-eighths of a mi. racetrack that will host 10 days of standardbred races . Construction is certainly expected to start off as early as next year. The new intricate will also offer 1, five hundred historical racing machines. This last year, a Enterprise Court Assess ruled that these machines have been pari-mutuel, which inturn made them all legal beneath Kentucky regulations that secure gambling with horse races. Churchill Lows opened your gambling shop with traditional racing products at its Louisville property early on this year.

The main machines are already estimated to experience produced above $21 million for the state’s coffers because 2010. Churchill Downs Racetrack President Kevin Flanery explained to media that they can expect the main machines in their brand new property to be able to annually bring in $10 trillion. Continue reading