October 5, 2022

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KHRC approves change of management in Ellis Park to CDI

As anticipated, the Kentucky Equestrian Fee authorized a change of management within the Ellis . Park for Churchill Downs Inc. throughout a particular committee assembly on 20 September. All of the trustees in attendance voted in favor of the transfer, which got here after the CDI introduced a definitive settlement on 15 September to acquired the Henderson, Ky, property for $79 million. .

Churchill’s acquisition of Ellis Park continues to broaden within the standing of racing properties and their worthwhile gambling-like historic horse racing operations. On the finish of 2019, CDI purchased and redeveloped Garden Park right into a modernized racing and video games facility, reopening this month. The HHR sport has additionally flourished in Louisville at Churchill Downs– below Derby Metropolis Gaming.

Exterior of Kentucky, over the previous 12 months CDI has entered into agreements to amass Colony Downs in Virginia, the place HHR is situated and has chosen to promote and shut Arlington Worldwide Racecourse in Illinois.

CDI has introduced it plans to spend about $75 million over the subsequent 12 months on its ageing Ellis Park facility and the observe’s future Owensboro sport and simulation heart. KHRC says Ellis Park will host 24 common summer season races in 2023 below CDI administration.

“This isn’t solely a terrific step for Churchill Downs, but in addition an incredible financial increase for the state of Kentucky,” KHRC commissioner C. Frank Shoop mentioned through the assembly. “It’s additionally nice for the Kentucky Riders. It’s a win-win for everybody.”

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