Churchill Completes Maine Casino Purchase
by The Associated Press
Date Posted: 7/18/2013 3:11:44 PM
Last Updated: 7/19/2013 11:05:35 AM
Churchill Downs Inc. says it has completed the purchase of a Maine casino in a deal valued at about $160 million.
The Louisville-based company said July 17 its acquisition of Oxford Casino won approval from the Maine Gambling Control Board. Oxford Casino opened in 2012 and is situated about 40 miles northwest of Portland in Oxford, Maine.
The property includes a 25,000-square-foot gaming floor with 790 slot machines and 22 table games. It also includes a restaurant.
The acquisition is Churchill's latest venture into the casino business.
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