Churchill To Apply For Second Northern Kentucky Parimutuel License

Churchill Downs, Inc. will apply for a second parimutuel wagering license in Northern Kentucky, according to Louisville Business First, in order to move simulcasting off-site and complete major renovations at Turfway Park. The construction at Turfway, which CDI purchased last year, is expected to take more than a year.

During Thursday’s quarterly earnings call, CEO Bill Carstanjen indicated that CDI is looking for retail space and will also seek to install historical racing terminals at the venue.

“Given the investment required to retrofit the space for the new facility, we plan to request the racing commission allow us to maintain the second location after Turfway Park’s reconstruction is complete,” Carstanjen added.

Read more at Louisville Business First.

The post Churchill To Apply For Second Northern Kentucky Parimutuel License appeared first on Horse Racing News | Paulick Report.

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