Churchill Downs Incorporated (CDI) completed the previously announced purchase of Presque Isle Downs and Casino in Erie, Pennsylvania from Eldorado Resorts, the company announced Friday. The purchase of the property, which was first announced in early 2018, followed the approval of the transaction by the Pennsylvania Gaming Control Board and the Pennsylvania State Horse Racing Commission.
“Presque Isle will give us a foothold in Pennsylvania and the opportunity to participate in the sports betting and online gaming market throughout the state,” said Bill Carstanjen, CEO of CDI. “This acquisition is projected to be immediately accretive to our shareholders. We are excited about welcoming Presque Isle and its employees to the Churchill family.”
Presque Isle Downs typically conducts its Thoroughbred race meet from mid May until early October.
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