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Churchill Downs completes first step of Saratoga Harness Racing deal

6th October 2015 9:21 am GMT

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 [...]

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