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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), SHRI [...]

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