Churchill Downs to purchase Oxford Casino in Maine - WDRB 41 Louisville News

Churchill Downs to purchase Oxford Casino in Maine

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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.

Copyright 2013 by WDRB News. All rights reserved.

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