- Home
- DRF Bets
- Handicapping & PPsHorsemen's ProductsReports
- The Wizard
- DRF Gameplan
- Quick Sheets
- DRF Picks
- Today's Racing Digest
- Key Race Report
- Positive ROI Report
- Moss Pace Figure Reports
- Debut Reports
- BreezeFigs
Access past performances- DRF EasyForm PPs
- DRF Classic PDF PPs
- DRF Formulator PPs
- DRF HarnessEye PPs
- DRF Daily Harness Program PPs
- Daily Racing Program PPs
Racing and Wagering InformationToolsHorse Racing Links- Race Tracks
- Casinos
- Account Wagering
- Breeding
- Racing and Charitable
- Contests/Games
- Regional/Free
- Radio Shows
Get the most out of
DRF's online PPs with
Learn more. - Entries
- Results
- NewsCategoriesTrack ReportsTriple Crown Special Events
Exclusive content available only with a DRF Plus Plan. See Plan Pricing. - Blogs
- Video
- Learn
- StorePast Performances
- Compare all DRF PPs
- DRF Formulator PPs
- DRF Classic PPs
- DRF EasyForm PPs
- Daily Racing Program PPs
- See all Pricing/Plans
REPORTS PICKS Harness PPs - Events
- Breeding
Email
Churchill Downs Inc. has reached an agreement to purchase a casino in Vicksburg, Miss., for $141 million, the company said late Friday. The casino, called Riverwalk Casino and Hotel, is the second that Churchill has purchased in Mississippi in the last three years, and it is the second property that Churchill has purchased that does not have a horse-racing component.
Churchill said it would pay in cash for the property using its existing credit line. The Riverwalk property includes a 25,000 square-foot casino with 723 slot machines and 18 table games, plus an 80-room hotel and a 5,600-square foot event facility.
In a release, Churchill said it expected the transaction to close by the end of the year, provided Churchill is approved for a second gambling license by regulators in the state.
In 2010, Churchill bought a casino in Greenville, Miss., that has a slightly larger gambling floor than the Riverwalk casino. Churchill spent $138 million to buy the property, which is called Harlow's Casino and Resort.
In the release, Churchill said that Riverwalk is expected to generate $55 million in revenue per year and $9.9 million in cash flow. The acquisition will provide Churchill with an additional 31 cents in earnings per share per year, Churchill said.
In 2011, Churchill had net earnings per share of $3.55 on revenue of $696.9 million. Revenue from its casino operations, which includes casinos at Fair Grounds in New Orleans and Calder Race Course in Miami, was $212.6 million.
Best Bets
MAGNIFCENTMILLION is obviously not today's "best bet" because of his exploits, other than running against Belmont Stakes-bound Giant Finish and allowance winner Glowing Ember last fall; rather, it's more an indictment against the others, along with the fact that the lone special-weight dropper is bred to love any moisture in the track. BROADWAY HAT is third off the bench for meet-leading trainer who saddled four winners Thursday; the half-empty view is he has burned chalk players time and again since last May.
