Wednesday, September 19, 2012

Saratoga To Purchase Minority Interest In Ellis Park

{Henderson, Kentucky}...The Kentucky Horse Racing Commission has approved a bid from Saratoga Harness Racing Inc. to purchase a minority interest in Ellis Park. Saratoga, which owns Saratoga Casino and Raceway in Saratoga Springs, New York, will pay $4 million in the deal that calls for a 30-percent ownership stake and oversight of all activities at the track, including the newly installed instant racing machines. Saratoga Harness consultant Joe Rudisill will be the new general manager at Ellis Park. Majority owner Ron Geary, who bought Ellis Park from Churchill Downs in 2006, says he looks forward to partnering with Saratoga.