Churchill Downs Incorporated (CDI) announced Wednesday that it had completed the purchase of Oxford Casino (Oxford) in Oxford, Maine, a deal valued at approximately $160 million. CDI's acquisition of the casino property follows the approval of the transaction by the Maine Gambling Control Board.
“We are extremely pleased to complete this transaction earlier than anticipated and appreciate the timely action of the Maine Gambling Control Board who made this possible,” said Chairman and CEO Bob Evans. “CDI welcomes the employees at Oxford to the CDI family.”
About Oxford Casino
Oxford, which opened in June 2012 and underwent an expansion completed in October 2012, is located on 100-acres about 40 minutes northwest of Portland in the heart of southern Maine. The property includes a 25,000-square-foot single-level gaming floor with 790 Class III slot machines and 22 table games. It also hosts a 140-seat casual restaurant – Oxford Grill, a 12-seat casino bar and a grab-and-go.
New to the Paulick Report? Click here to sign up for our daily email newsletter to keep up on this and other stories happening in the Thoroughbred industry.
Copyright © 2017 Paulick Report.