The owners of Saratoga Casino and Raceway have reached an agreement to purchase a stake in Ellis Park in Henderson, Ky., according to a document obtained through a request to the Kentucky Horse Racing Commission.
The acquisition appears to be an answer to a call by Ellis’s current owner, Ron Geary, to take on a minority partner so that the track can fund a project to install as many as 250 slot-machine-like devices called Instant Racing machines. Late this June, Geary said he was seeking a partner that could provide $3 million in capital for the project.