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LOUISIANA DOWNS TO BE SOLD

Nov 30, 2001 10:56 PM

An investor group led by Shreveport attorney Jim Davis has signed a letter of intent to purchase Louisiana Downs for an undisclosed price.

The track concluded 89 days of racing on Nov. 11. Enabling legislation passed in 1999 will allow up to 1,700 slot machines to be installed at the race track.

Track officials were optimistic over the change in ownership, which is expected to speed up the implementation of slot machines and a planned hotel on site.