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Tuesday, September 16, 2014

They don't want to be in the horse-racing business

Churchill Downs is trying to sell the Fairgrounds.  Nobody cares about horses anymore.
Louisiana State Rep. Patrick Connick said the largest stakeholder in Churchill Downs could be interested in owning the property.

"Churchill Downs has changed from being a horseracing company to a gaming company. They don't want to be in the horse-racing business, at least in this area," Connick said.

According to its website, Churchill Downs Inc. purchased the Fair Grounds in September 2004 for $47 million.

A spokesperson could not be reached for comment.

Who is the "largest stakeholder"?  Article doesn't say.

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