Churchill Downs downsizing it's gambling empire?

[dougie]

It was announced that Churchill Downs has put up the following properties up for sale. Wow.....
Here's the list.....

Presque Isle Downs and Casino (PA.)
Ocean Downs Casino and Racetrack (MD.)
Calder Casino (FL.)
Terra Haute Casino Resort (IND.)
Hard Rock Hotel and Casino (IA.)
Oxford Casino Hotel (ME.)
Del Lago Resort and Casino (NY.)
Harrows Casino Resort and Spa (MS.)
Riverwalk Casino Hotel (MS.)

[talkstohisself]

Too many casinos not enough money . Del Largo in NY was never any good   Horse betting on the computer or phone Sports ditto, even online casino but but folks still like the action  of being there what else you going to do with the ss and pension money. Dougie get at the SPA your even from today

[dougie]

Too many casinos not enough money . Del Largo in NY was never any good   Horse betting on the computer or phone Sports ditto, even online casino but but folks still like the action  of being there what else you going to do with the ss and pension money. Dougie get at the SPA your even from today

Yeah, back to racing tomorrow. I heard that the Casino in Monticello is having a hard time too! It's a nice Casino. But i think it's losing money each year. I spent many a summer in Monticello in the 70's when they were begging for a casino. Came 40 years to late.

[gurals casino]

It was announced that Churchill Downs has put up the following properties up for sale. Wow.....
Here's the list.....

Presque Isle Downs and Casino (PA.)
Ocean Downs Casino and Racetrack (MD.)
Calder Casino (FL.)
Terra Haute Casino Resort (IND.)
Hard Rock Hotel and Casino (IA.)
Oxford Casino Hotel (ME.)
Del Lago Resort and Casino (NY.)
Harrows Casino Resort and Spa (MS.)
Riverwalk Casino Hotel (MS.)

they are reducing their footprint outside of Kentucky

they make millions off of their own HHR machines--similarly they own the company that makes those machines

they have closed ...

Bay Meadows
Hollywood Park
Calder
Arlington

and they want to sell the Fair Grounds

[dougie]

they are reducing their footprint outside of Kentucky

they make millions off of their own HHR machines--similarly they own the company that makes those machines

they have closed ...

Bay Meadows
Hollywood Park
Calder
Arlington

and they want to sell the Fair Grounds

Here in Maine, the Oxford Casino and Hotel employs a large amount of locals from that area. The question is.....will they only sell to other casino interests or sell to any real estate interest who ponies up the money?

[gurals casino]

Here in Maine, the Oxford Casino and Hotel employs a large amount of locals from that area. The question is.....will they only sell to other casino interests or sell to any real estate interest who ponies up the money?

good question.....

but I doubt CDI cares either way

[Lockedin with Pace]

Churchill Downs closed their own sportsbook a few years ago because they felt it wasn't profitable enough for them.

[dougie]

good question.....

but I doubt CDI cares either way

You are probably right. Some bean counter decided that these listed properties had to go. But selling the Oxford casino to anyone except casino interests will put a lot of good people on the unemployment ranks.

[captaintreacherous]

Oak Grove and the other KY tracks

have 2 years before the players find that the casinos
have wiped them out.

Casino players can be fickle....

Then..the Oak Grove will be racing for $4000 purse
overnites .

The Strake races will still attract some play..

The Tattersalls, KY Futurity. etc.

[Kirby's Ace]

And yet not a word from Maryland's Horseman's representative Cloverleaf. You know they had to of been notified that it (Ocean Downs) was going up for sale.

[dougie]

And yet not a word from Maryland's Horseman's representative Cloverleaf. You know they had to of been notified that it (Ocean Downs) was going up for sale.

The big question I have been asking is will Churchill sell to similar interests to allow these places to remain tracks and casinos? Or will they sell to the first buyer with the money?

[Kirby's Ace]

I think its all about show me the money!

[GOAT]

Just look at Hawthorne. Sold to a non wagering interest.

[dougie]

Just look at Hawthorne. Sold to a non wagering interest.

GOAT, i'm sure like Kirby's Ace and Gural's Casino, you'll all be right when they sell to a real estate developer. The Oxford Casino is in a pretty rural area. Not much out there. Many folks will lose their livelihoods. It's a shame.

[Harness racer]

Everything is always for sale!