Churchill Downs Inc. has completed on its transaction with Saratoga Casino Holdings, giving up its 25 per cent stake in the business in exchange for full ownership of Ocean Downs and the right to offer online gaming and betting in New York and Colorado.

Churchill Downs (CDI) and Saratoga Casino Holdings (SCH) partnered in 2016 to acquire the Casino at Ocean Downs and Ocean Downs Racetrack in Berlin, Maryland, giving CDI a 50 per cent stake in Ocean Downs, in addition to its 25 per cent shareholding in SCH.

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