Churchill, Saratoga Casino Bid Partners

Published: May 13, 2014 01:02 pm EDT

It was announced on Tuesday (May 13) that Saratoga Casino and Raceway and Churchill Downs Inc. will partner in bidding for the Capital Region's commercial casino license (in New York State) to build a $300-million destination resort casino in the Town of East Greenbush.

"Saratoga Casino and Raceway could not be more excited about partnering with Churchill Downs Incorporated," James D. Featherstonhaugh, secretary and chief legal officer of Saratoga Casino and Raceway, was quoted as saying via release. "Our organizations both come from a horse racing heritage and have a combined two centuries of proven gaming experience. With this partnership, we look forward to a shared future in creating jobs and growing the Capital Region economy."

It had been announced in April that the owners of the Saratoga Casino and Raceway had informed local officials that they were dropping their plans for a Las Vegas-style gaming expansion in Saratoga and that they were instead focusing their efforts to building a casino closer to Albany.

"Churchill Downs Incorporated is thrilled to expand our presence in New York State through our partnership with Saratoga Casino and Raceway," Bill Carstanjen, president and chief operating officer of Churchill Downs Inc., was quoted as saying via release. "Together we'll deliver a destination resort casino that will create reliable revenues for the entire Capital Region, generate thousands of jobs, and be best positioned to keep New York gaming dollars in New York."

For more information on the announcement, click here.