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Churchill Downs Goes All in for Kentucky’s Turfway Park Race Track

According to the latest reports, Churchill Downs have all but completed a deal with Jack Entertainment and Hard Rock International-owned Jack Ohio for Turfway Park, a race track, in Florence, Kentucky. Let’s take a look at all the details of the agreement. 

According to the latest online gambling news, Churchill Downs will be looking at this deal with a keen motive to purchase the race track for $46m. Currently, the deal is subject to certain working capital and other purchase price adjustments. 

Churchill Looking to Refurbish Turfway Park

Following the agreement, Churchill Downs have announced their plans to commence a $150m refurbishment plan of the property, demolishing the existing grandstand after the 2019/2020 winter thoroughbred racing meet. 

The proposed plan will see the race track offer 1500 racing machines, a clubhouse, food and beverage venues and a new track. 

Having received approval for the deal, Churchill Downs made it known that their previous plans of purchasing New Latonia Racing and Gaming, a $200m race track and training facility in Northern Kentucky, had been abandoned. One can only assume that the Turfway Park deal with Jack Ohio has a far greater pull for the gambling firm and at $46m, it’s a steal compared with $200m, even taking into consideration another $150m for renovating it to Churchill Downs’ liking. 

Kevin Flanery, President of Churchill Downs Race Track, stated the following:

“Our team is poised to restore Turfway Park to its former glory, anchored by northern Kentucky’s first historical racing machine facility.”
You can read up more about the activity of Churchill Downs at our page for online gambling news. On that site, we have all the hottest gambling activity from the US and also globally. Feel free to head on over there now to see for yourself.

About the author

Simon is a University student majoring in the field of Communication. Since a young age, his two passions are writing and sports. Originally from England, the Premier League is an important part of his life.

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