New York-listed gaming and racing operator Churchill Downs Inc. has opened its new $460 million Rose Gaming Resort in Dumfries, Virginia.
The new resort features 1,650 historical racing machines, eight bars and restaurants, a hotel with over 100 rooms and an event space.
The new 175,000-square-foot venue is expected to generate approximately 500 permanent jobs and contribute to the expansion of thoroughbred horse racing in Virginia, with 16 days of live racing set to take place at the venue in 2025.
The operator is also committing another $2 million to fund the design of a new community centre in Dumfries.
“Churchill Downs Incorporated is thrilled to deliver a destination resort that will be a major economic contributor to the town of Dumfries and Northern Virginia,” said Churchill Downs CEO Bill Carstanjen.
“Along with our local hiring commitments and strong family-supporting wages, we are committed to continued investment in Prince William County as we are proud to do for all of the communities in which we operate in Virginia.”
Shares in Churchill Downs Incorporated (NASDAQ:CHDN) closed marginally lower at $146.41 per share in New York Thursday.