Churchill Downs buying 25 percent stake in Saratoga Casino and Raceway

Churchill Downs Inc. plans to buy a 25 stake in the firm that owns Saratoga Casino and Raceway in Saratoga Springs, New York, and is negotiating to take over management of the 'racino,' the latest collaboration between gambling outfits that also are pursuing a New York state license to open Las Vegas-style casinos...
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