US Racetrack operator Churchill Downs Incorporated has announced that it will invest approximately $60 million in the redevelopment of its ‘Trackside’ training facility in Louisville Kentucky.
Updating investors, Churchill Downs seeks to simulcast racing machines to the 85,000-square-foot facility, opening Trackside as a consumer wagering premises, which the company believes will further complement its existing Kentucky racing portfolio.
Churchill Downs has confirmed that it has received the clearance from the Kentucky Horse Racing Commission, and will now move to install circa 600 simulcast instant racing machines to the new facility.
“A state-of-the-art historic racing facility will allow us to deliver an exciting and compelling pari-mutuel product for our customers in Louisville. This is a great opportunity for us to revitalise another area of our city while strengthening the Commonwealth’s equine industry through larger purses and greater incentives for Kentucky breeders and owners,” Churchill Downs Racetrack President Kevin Flanery said
Presenting its plans, Churchill Downs governance estimates that the Trackside redevelopment could create 450 jobs for the local community, including 250 in construction. Once open Churchill Downs will seek to hire 200 new full- and part-time to operate the facility.