In addition to transferring operations of Lady Luck Casino Nemacolin, Eldorado Resorts sold Presque Isle Downs & Casino in Erie to Churchill Downs, according to an amended deal announced in August 2018.Įldorado owns Lady Luck Casino properties in Black Hawk, Colo., Caruthersville, Mo., and Vicksburg, Miss. Churchill Downs already owns and operates, the largest legal online horse-racing wagering platform in the United States. The transaction is seen as part of a larger effort by Churchill Downs to position itself as a player in the sports betting industry in Pennsylvania.
The Pennsylvania Gaming Control Board approved the transaction last week. Eldorado Resorts will retain ownership of the property, which sits one mile from Nemacolin Woodlands Resort in Farmington and has 600 slot machines and 27 table games. Under the terms of the deal, Churchill Downs will acquire certain assets related to the management of Lady Luck Nemacolin for cash consideration of $100,000. Churchill Downs Inc., operator of the famed Kentucky Derby, will assume management of Lady Luck Casino Nemacolin in Fayette County following an agreement with Reno-based Eldorado Resorts Inc.
