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  1. #1
    Join Date
    Aug. 14, 2000
    Location
    Clarksdale, MS--the golden buckle on the cotton belt
    Posts
    18,976

    Default Churchill Downs buys Miss. casino

    It's on the river in Vicksburg. Not big and not terribly successful.

    Looks like CDI has decided that it's no longer about TB racing but gambling in general.


    Do they own other casinos? What's the point? Is it to get experience with slots and table games?
    "I'm a lumberjack, and I'm okay."
    Thread killer Extraordinaire



  2. #2
    Join Date
    Nov. 30, 2000
    Location
    Kentucky
    Posts
    7,558

    Default

    Quote Originally Posted by vineyridge View Post
    Looks like CDI has decided that it's no longer about TB racing but gambling in general.
    They've been pretty upfront about that for a while now. CDI says that horses are their brand, but betting is their business. And it's the latter that interests them, not the former.



  3. #3
    Join Date
    Jul. 2, 1999
    Posts
    17,599

    Default

    There is only so much an appetite - and dollars - for all gambling so for a track to ignore being a leader in capturing as much of that spend isn't wise.

    In Illinois, for example, there has been a long ugly battle with expanding gambling with VLTs (this is what NYRA had/has an invested chunk in with Aqueduct and fuels the track purses) - both Arlington Park [which is CDI] & Hawthorne wanted that business. Ignoring it loses the foot traffic that would be on-site and of course the $$.

    The reality is the Illinois Governor hates the tracks and despite glad handing folks at the Arlington Million he's been adamant that if an expansion goes through these will be at non-race track sites.

    If tracks aren't protecting and expanding their "turf" (no pun intended) it simply means they're looking at a small piece of the gambling pie.



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