Monday, September 13, 2010

Churchill Downs to Buy Harlow’s Casino Resort & Hotel for $138 Million

Churchill Downs (CHDN: 35.87 ,+0.49 ,+1.38%) said Monday it will buy Harlow’s Casino Resort & Hotel in Greenville, Mississippi for $138 million in an attempt to better diversify across its array of gaming businesses.

Harlow’s, which opened in November 2007, is currently owned by affiliates of private investment groups Levine Leichtman Capital Partners and Oak Hill Advisors, and private investor Jess M. Ravich.

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