Churchill Downs Incorporated (NASDAQ:CHDN) (“CDI”) and Saratoga Casino Holdings LLC (“SCH”) today announced that they 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.
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