CHDN invests in alternative gaming

Dec 30, 2012 12:15 PM

Churchill Downs in Louisville, Kentucky, has been known for decades as the home of the Kentucky Derby, the first race in thoroughbred racing’s Triple Crown. But in recent years, the track’s parent company, Churchill Downs Inc. (CHDN) has become a major investor in alternative gaming operations.

Most recently, the company and its partner, Delaware North Cos., spent $7 million on a joint venture that plans a racino in Lebanon, Ohio.

That follows on the heels of more than $400 million spent to acquire casinos and horse racing facilities in various states.

Ironically, the company has failed to convince the Kentucky lawmakers to enlarge its gaming menu.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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