The Kentucky Horse Racing Commission has approved a bid from Saratoga Harness Racing Inc. to purchase a minority interest in Ellis Park.
The Gleaner reports Saratoga, which owns Saratoga Casino and Raceway in Saratoga Springs, N.Y., 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.
A New York-based horse racing park wants to invest in Henderson’s Ellis Park. Horse racing industry magazine Blood-Horse reports Saratoga Raceway and Casino, of Saratoga Springs, has filed an investment request with the Kentucky Horse Racing Commission. Investment details haven’t been released.