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Churchill Downs Incorporated Takes Over Lady Luck Casino Nemacolin

August 13, 2018 August 13, 2018 Amanda Rothman

It does appear that this summer has been one of the more unusual ones in recent years regarding land based casinos in the US changing hands for it was only last month that two Laughlin casinos were transferred into the ownership of the Golden Entertainment Group and now we have heard about yet another casino being bought out.

This time it is the turn of a casino in Pennsylvania that has been subject to an Asset Purchase Agreement, that casino being the Lady Luck Casino Nemacolin in Farmington.

The new owner of that popular land based casino is Churchill Downs Incorporated a NASDAQ traded company that goes by the ticket symbol CDI.

For those of you that are unfamiliar with the Lady Luck Nemacolin casino, well it opened its doors to an ever eager gambling public only recently in 2013, and there are roughly 600 slot machines n its gaming floor along with 27 various table games too.

The parent company of that newly acquired casino have vast experience in the gaming industry and are probably best known for their race track which hosts the annual Kentucky Derby which attracts the cream of the racing world each year.

Golden Entertainment Group Remodelling the Stratosphere Casino

The Golden Entertainment Group have been on something of a buying spree of late, for they have not only just expanded their operation in Laughlin Nevada by purchasing the Edge Water Casino and the Colorado Belle Casino but they did buy four other casinos recently too.

One of which is the Stratosphere in Vegas which is currently going under a major remodelling project that is well ahead of schedule and is going to completely revamp that slightly outdated casino resort.

Vegas Casinos Always Being Remodelled and Revamped

There is one thing that you are always going to notice when you do pay a visit to Las Vegas, and that is, apart from the fact the city never sleeps, the land based casinos there are always being revamped, remodelled and updated.

I am particularly interested in seeing the results of the Stratosphere Casinos remodelling project for I am a regular visiting to that venue, in fact I have just been contacted by my casino host who has invested me to three comped nights in one of their brand newly remodelled rooms, and I am of course very eager to take him up on that offer!

About The Author

Amanda Rothman

Contributor

Amanda Rothman has been working in the land based casino industry for most of her working life, and as such she is very well versed with the running of such venues and just as importantly the laws and regulations surrounding such venues too.

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