Churchill Downs Inc. seeks to takeover gambling facilities in Ne - WDRB 41 Louisville News

Churchill Downs Inc. seeks to takeover gambling facilities in New York and Colorado

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LOUISVILLE, Ky. (WDRB) -- The company that owns Churchill Downs is finalizing a deal to manage gambling facilities in upstate New York and Colorado.

Churchill Downs Inc. is entering into a five year deal that will cover Saratoga Casino and Raceway in New York and the Saratoga Casino Black Hawk in Black Hawk, Colorado.

The two companies also are negotiating a stock purchase in which Churchill Downs would buy 25 percent of economic and voting interests in Saratoga Harness.

The deal still requires regulatory approval.

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