Churchill Downs Incorporated, an American thoroughbred horseracing and casino operator is going to continue to branch out its business interests after signing a conclusive agreement to acquire the Riverwalk Casino and Hotel in Vicksburg, Mississippi.
Churchill Downs runs the TwinSpires.com online wagering service and obtained the assets of Atlanta-based poker publishing firm Bluff Media in January for an undisclosed amount. Additionally, it lately invested in spending $60 million together with Delaware North Cos Gaming and Entertainment in order to buy the Lebanon Raceway harness track in Ohio and set up video lottery terminals.
Louisville-based Churchill Downs also is the owner of and operator of the Churchill Downs Racetrack along with horseracing facilities and casinos in Florida, Louisiana, Illinois and Mississippi and said that this newest purchase will see it invest approximately $141 million in cash.
Chairman and Chief Executive Officer for Churchill Downs, Robert Evans stated that “We are excited to have another property in the business-friendly state of Mississippi to add to our Harlow’s Casino Resort and Hotel property in Greenville, located 90 miles north of Riverwalk along the Mississippi River,”
“Riverwalk is an attractive investment for Churchill Downs as it is a newer facility with superior design, high quality amenities and is operated by an outstanding team of over 400 employees with whom we look forward to working in the near future.
“We continue to look for opportunities to invest capital in growth opportunities and we are hopeful that other jurisdictions such as Kentucky and Illinois will offer us a similar opportunity to invest and create jobs in the near future.”
