Churchill Downs to spend up to $50million on new venue

Churchill Downs has stated that it will invest up to $50 million in the construction of a new historical racing machine facility.

The facility is being marketed as "an extension" of Oak Grove Racing, Gaming, and Hotel, and the gaming company estimates that it will cost between $40 million and $50 million.

The facility will be the eighth in the company's home state, according to the statement. Churchill’s third-quarter earnings report coincided with the announcement of the new property.

 

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Churchill Downs plans to invest up to $50 million in a new historical racing machine facility, which will be an extension of Oak Grove Racing, Gaming, and Hotel. This investment marks the company's continued expansion in Arkansas, as this facility will be their eighth in the state. The announcement coincides with Churchill's third-quarter earnings report, highlighting their commitment to enhancing gaming offerings in the region. This development could significantly boost local entertainment options and economic activity.