Maryland
Churchill Downs completes purchase of Casino at Ocean Downs and Ocean Downs Racetrack
Churchill Downs Incorporated and Saratoga Casino Holdings LLC have completed their previously announced purchase of the Casino at Ocean Downs and Ocean Downs Racetrack from a private ownership group led by Mr. William M. Rickman, Jr.
2017-01-06
Reading time 29 seg
Churchill Downs Incorporated and Saratoga Casino Holdings LLC have completed their previously announced purchase of the Casino at Ocean Downs and Ocean Downs Racetrack from a private ownership group led by Mr. William M. Rickman, Jr.
The purchase of the property by Old Bay Gaming & Racing, LLC, a new 50/50 joint venture formed by CDI and SCH, follows the approval of the transaction by the Maryland Lottery and Gaming Control Agency and the Maryland Racing Commission.
“By virtue of its 25% ownership of Saratoga Casino Holdings, Churchill Downs Incorporated will indirectly own an additional 12.5% of [Old Bay Gaming And Racing] for a total interest in [Old Bay Gaming And Racing] of 62.5%,” read an August statement from Churchill Downs Incorporated.
Leave your comment
RELATED NEWS
As Russia weighs online gambling
Putin approves creation of Russia's sixth gambling zone in the Altai region
Project includes gaming, hospitality facilities
Wilton Rancheria breaks ground on Sky River hotel resort development
During Milken Institute panel
DraftKings, Kalshi and Robinhood executives discuss prediction markets and regulation
COMPANIES
Season-long branding placement
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Hundreds of jobs at risk as shops shut
William Hill owner Evoke to close 270 shops as losses widen on tax hit
NYCE Marketplace
Also authorised in New Jersey, Michigan
Flows secures Pennsylvania Gaming Control Board authorisation
Partnership expansion
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Vor Turbo shares product overview
Sportsbook integration: Deploying betting widgets at scale
Upcoming Philippines casino resort
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
