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Churchill Downs to acquire stake in Saratoga Harness Racing

30th July 2014 4:09 pm GMT

Churchill Downs Incorporated (CDI) has entered into an agreement to acquire a 25 per cent stake in Saratoga Harness Racing (SHRI), the racing and gaming operator with venues in three US states.

The company has signed a binding term sheet and begun negotiations on a stock purchase agreement which will see it purchase 25 per cent of SHRI’s economic and voting interests.In addition to its flagship Saratoga Casino and Raceway in Saratoga Springs (New York), [...]

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