LOUISVILLE, Ky. (WDRB) -- Churchill Downs is taking a bet on another endeavor.
Churchill Downs, Inc. is buying Oxford Casino in Maine.
It now needs to secure a gaming license in Maine before it expects to close the $160 million cash deal in the fourth quarter of this year.
CEO Robert Evans says it was an appealing investment for the company as it continues its focus on investing capital in gaming-friendly states and in newer properties.
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