Gaming board OKs Louisiana horse racing track, casino sale
Tuesday 26 de October 2021 / 08:13
⏱ 1 min read
(Louisiana).- The state Gaming Control Board has approved the $22 million sale of a northwest Louisiana horse racing track and casino.
Rubico Acquisition Corp. still needs approval from the Louisiana Racing Commission, which meets Tuesday, to buy Harrah’s Louisiana Downs.
“This is a big win for everyone involved,” Rubico President Kevin Preston, said in a statement released Friday to news outlets.
The track is “an iconic institution” in Bossier City and Northwest Louisiana, and "our plan is to restore it as a place of entertainment for the entire family,” he said.
Rubico also plans to add games and concessions to the casino.
Caesars Entertainment Inc., based in Reno, Nevada, will get $16.5 million and VICI Properties Inc. $5.5 million from the sale, the companies said last year.
Gaming Control Board Chairman Ronnie Johns said during Thursday's meeting that he believes the sale is critical, The Times of Shreveport reported.
“I really believe if this sale didn’t go through Caesars would ultimately close the facility; the company just isn’t interested in operating a horse racetrack,” Johns said.
He said casino profits have preserved the track, which Rubico must keep open under the sale agreement.
Categoría:Gaming
Tags: Sin tags
País: United States
Event
SBC Summit 2026
29 de September 2026
Ready Play Gaming Highlights New Opportunities After SBC Summit 2026
Tuesday 13 Oct 2026 / 12:00
Uplatform Brought "Your Dreams. Our Platform" to Life at SBC Summit Lisbon 2026
Friday 09 Oct 2026 / 12:00
Kambi Highlights Network and LatAm Growth at SBC Summit
Friday 09 Oct 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
