Ocean Downs Sale Finalized

Published: January 5, 2017 04:48 pm EST

It was announced on Wednesday, January 4 that the deal to see the ownership of Ocean Downs change hands has been completed.

Churchill Downs Incorporated and Saratoga Casino Holdings LLC announced that they have completed their previously announced purchase of the Casino at Ocean Downs and Ocean Downs Racetrack from a private ownership group led by Mr. William M. Rickman, Jr.

The purchase of the property by Old Bay Gaming & Racing, LLC, a new 50/50 joint venture formed by CDI and SCH, follows the approval of the transaction by the Maryland Lottery and Gaming Control Agency and the Maryland Racing Commission.

For more background on the deal, click here.