Erie County Leaders Speak on Potential Sale of Presque Isle Downs

Erie County leaders speak on potential sale of Presque Isle Downs

Presque Isle Downs and Casino could see new ownership as its parent company revealed the casino is one of nine properties Churchill Downs Incorporated may consider selling. A filing with the Securities and Exchange Commission states that these gaming properties are ones they are "exploring various options to sell." Churchill Downs said in their earnings [...]

Churchill May Sell Several Casino Properties, Including Presque Isle Downs

Churchill Downs Inc. (CDI) stock fell nearly 7 percent Thursday after the company announced plans to sell nine casinos and refocus on its horse racing businesses. Churchill's stock price reached its lowest level in six years. Among the properties Churchill may put up for sale is Presque Isle Downs in Erie, Pennsylvania. In what is called a Form 8-K that has been presented to the United States Securities and Exchange Commission, Churchill reporte…

CDI exec: Company is 'pleased' with plan to sell casinos

Churchill Downs Inc. CEO Bill Carstanjen said Thursday that the company is "pleased" with its plan, announced Wednesday, to explore the sale of Presque Isle Downs and Casino and eight other regional gaming properties. The announcement after the market closed was accompanied by news that although the Louisville, Ky.-based company posted record earnings for the second quarter, the $3.45 earnings per share missed the Zacks Consensus Estimate of $3.…

Churchill Downs Explores Sale of del Lago, other Casinos across US

A Finger Lakes casino could be sold to a new operator. In a filing with the US Securities and Exchange Commission, Churchill Downs Inc announced it is considering nine casinos across the United States, including del Lago in Seneca County. The other eight properties listed include Calder Casino in Florida, Terre Haute Casino in Indiana, […]