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CDI to acquire $60m Ohio racetrack to develop VLT facility

2nd March 2012 10:46 am GMT

U.S racetrack operator Churchill Downs Inc (CDI) has signed a new joint venture agreement with Delaware North Companies Gaming & Entertainment, under which the two companies will acquire Ohio-based racing track Lebanon Raceway and develop a new video lottery terminal (VLT) facility.

The new joint venture, Miami Valley Gaming & Racing LLC, will manage the development and operation of the VLT facility and racetrack.

Miami Valley Gaming has entered into an asset purchase agreement through which it [...]

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