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.
Governor Steve Beshear has appointed Lexington horseman and attorney John Phillips to the Kentucky Horse Racing Commission. Phillips replaces John Ward, who was appointed in February as executive director of the panel. The commission is responsible for regulating horse races and pari-mutuel betting on those races. Phillips says he's pleased to accept the appointment to a racing commission that has made "great strides" to improve the sport.