US gaming and racing operator Churchill Downs Incorporated (CDI) has completed its acquisition of a minority stake in Saratoga Casino Holdings (SCH), a newly-formed entity established by racetrack operator Saratoga Harness Racing.
The $24.8m deal sees CDI take a 25 per cent membership interest in SCH, which owns the Saratoga Casino and Raceway in Saratoga Springs, an affluent city in New York State. It also holds a 50 per cent interest in a joint venture with [...]
