![]() It has no equity interest or management involvement in Saratoga New York or Saratoga Colorado, but it will have exclusive rights to operate internet real-money sports betting and real-money gaming on behalf of Saratoga in New York and Colorado for 15 years, provided that sports betting is legalized. We pride ourselves in providing each and every guest with a truly outstanding and memorable experience. Where the Fun Shines Welcome to the Ocean Downs Casino, where we are committed to offering our guests a fun and entertaining gaming experience. The Richmond Grand project is proposed as a partnership of Urban One and Churchill Downs, who proposed a similar casino, named ONE Casino and Resort, in the Nov. The transaction, in effect, allowed Churchill to acquire a 37.5% holding in Ocean Downs due to its indirect ownership of an additional 12.5% of Ocean Downs through its 25% stake in Saratoga.Ĭhurchill now has 100% ownership of Ocean Downs. Ocean Downs Casino 222 følgere på LinkedIn. Richmond Grand Resort Casino is a 561 million casino proposal for Richmond residents to approve or reject in the Nov. Under the terms of the deal, Churchill received the assets in exchange for its 25% stake in Saratoga Casino Holdings, which owns Saratoga Casino Hotel in New York and Saratoga Casino Black Hawk in Colorado.Ĭhurchill entered into a tax-efficient partial liquidation agreement with Saratoga Harness Racing Inc. 4 said it had completed its previously announced purchase of the 50% stake that it did not own in the casino at Ocean Downs and Ocean Downs Racetrack in Berlin, Md., from Saratoga Casino Holdings LLC.
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