The Daily Gazette
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Churchill Downs to buy stake in Saratoga Harness

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Churchill Downs Inc. is finalizing a deal that will make the company a minority stakeholder of Saratoga Harness Racing Inc., which operates Saratoga Casino and Raceway in Saratoga Springs. The Kentucky-based company that owns the historic track in Louisville and hosts the renowned Kentucky Derby is also nearing a fiveyear agreement with Saratoga Harness to manage both the video lottery terminal facility and harness track in Saratoga, in addition to Saratoga Casino Black Hawk in ...

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July 30, 2014
3:53 p.m.

[ Flag Post ]

I have to question WHY the bidders for the 4 new casino venues have to reserve 2% of their slot revenue to protect the Racino purses......This is ALL private enterprise, why do they get to enjoy profit protection from competition? My small business has new competition on a regular basis....I'm on my own, as they should be!