Churchill Downs to Buy Miss. Casino for $138 Million

Horse racing track owner Churchill Downs (CHDN) agreed to purchase Harlow's Casino Resort & Hotel in Greenville, Miss., for $138 million cash.

The deal is expected to close within six months, MarketWatch reported.

Investor groups Levine Leichtman Capital Partners, Oak Hill Advisors and private investor Jess M. Ravich currently own Harlow's.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum

1 Comment

Filter by:
robocop

Its about time we in Kentucky legalize gaming. This guy from Churchill Downs should have invested the money in Kentucky where he earned it. Shame on him for being a POS.

September 13 2010 at 10:27 AM Report abuse rate up rate down Reply