{"id":33700,"date":"2019-07-03T10:48:59","date_gmt":"2019-07-03T14:48:59","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=33700"},"modified":"2019-07-10T09:25:56","modified_gmt":"2019-07-10T13:25:56","slug":"saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/","title":{"rendered":"Saratoga Casino And Hospitality Group Sells Ellis Park Race Track And Gaming Facility"},"content":{"rendered":"<figure id=\"attachment_33701\" aria-describedby=\"caption-attachment-33701\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-33701\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/ellis-park-hc.jpg\" alt=\"\" width=\"900\" height=\"666\" srcset=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/ellis-park-hc.jpg 900w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/ellis-park-hc-300x222.jpg 300w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/ellis-park-hc-768x568.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption id=\"caption-attachment-33701\" class=\"wp-caption-text\">Saratoga Casino and Hospitality Group is sellling Ellis Park, a thoroughbred track and instant racing machine parlor in Henderson, Ky., it took over last year.<br \/>Courtesy Ellis Park<\/figcaption><\/figure>\n<p>Saratoga Casino and Hospitality Group, which purchased Ellis Park racetrack in Henderson, Ky., last summer is selling the park for $11 million.<br \/>\nThe sale was started after Ellis Park received regulatory approval to offer thoroughbred racing and historical gaming. A subsidiary of Laguna Development Corp. of Albuquerque, N.M., is buying the facility.<!--more--><br \/>\nSaratoga Casino and Hospitality Group, of Saratoga Springs, purchased Ellis Park from Ron Geary last July. The Saratoga Casino group had previously been a 30 percent owner of Ellis before fully purchasing the track.<br \/>\nLaguna Development Corp. operates three casinos and a number of travel centers as it is involved in gaming, retail, entertainment, and hospitality for the Native American tribe Pueblo of Laguna.<br \/>\nSaying the Evansville, Ind., wagering market is under-served, the prospective new owner of Ellis Park outlined a plan to invest nearly $60 million in the racing and the facility over the next couple of years.<br \/>\nThe Kentucky Horse Racing Commission unanimously approved the new owner in June.<br \/>\nThe new owner plans to invest $50 million-$55 million in the next couple of years on a new historical gaming facility, widening the turf course, installing lights for the track, improving barns at the track, and adding restaurants throughout the facility. The historical gaming facility, at a price tag in the $45 million range, is scheduled to be completed in November 2020 while the $6.2 million in track upgrades include the addition of lights and widened turf course expected to be ready for the 2020 summer meet.<br \/>\nShould the new investment prove fruitful, the new ownership group envisions the addition of a hotel and entertainment space down the road.<br \/>\nSaratoga Casino &amp; Hospitality Group is a subsidiary of Saratoga Harness Racing Inc., which oversees the daily operations of Saratoga Casino Hotel and Saratoga Casino Blackhawk in Black Hawk, Colo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saratoga Casino and Hospitality Group, which purchased Ellis Park racetrack in Henderson, Ky., last summer is selling the park for $11 million. The sale was started after Ellis Park received regulatory approval to offer thoroughbred racing and historical gaming. A subsidiary of Laguna Development Corp. of Albuquerque, N.M., is buying the facility.<\/p>\n","protected":false},"author":196,"featured_media":33701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-33700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Saratoga Casino And Hospitality Group Sells Ellis Park Race Track And Gaming Facility - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Saratoga Casino And Hospitality Group Sells Ellis Park Race Track And Gaming Facility - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"Saratoga Casino and Hospitality Group, which purchased Ellis Park racetrack in Henderson, Ky., last summer is selling the park for $11 million. The sale was started after Ellis Park received regulatory approval to offer thoroughbred racing and historical gaming. A subsidiary of Laguna Development Corp. of Albuquerque, N.M., is buying the facility.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Saratoga Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2019-07-03T14:48:59+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-07-10T13:25:56+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/ellis-park-hc.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"900\" \/>\r\n\t<meta property=\"og:image:height\" content=\"666\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"jessewinters\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jessewinters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/\",\"name\":\"Saratoga Casino And Hospitality Group Sells Ellis Park Race Track And Gaming Facility - Saratoga Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/ellis-park-hc.jpg\",\"datePublished\":\"2019-07-03T14:48:59+00:00\",\"dateModified\":\"2019-07-10T13:25:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/saratoga-casino-and-hospitality-group-sells-ellis-park-race-track-and-gaming-facility\/#primaryimage\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/ellis-park-hc.jpg\",\"contentUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/ellis-park-hc.jpg\",\"width\":900,\"height\":666,\"caption\":\"Saratoga Casino and Hospitality Group is sellling Ellis Park, a thoroughbred track and instant racing machine parlor in Henderson, Ky., it took over last year. 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