Reports out of Chicago suggest that there are currently 2 buyers interested in purchasing Arlington International Racecourse with a view to develop the 93 year old racecourse into a racino.
However, despite support from the horse trainers and owners that run at Arlington Park, the owner; Churchill Downs Incorporated, is still standing by its decision not to become a racino, even though the multi US-state, publicly traded company has the license to do so.
It has not yet been made public which two firms are interested in buying Arlington International Racecourse, but the Illinois Thoroughbred Horsemen’s Association’s president Mike Campbell commented:
“They clearly have the ability and wherewithal to pull it off if, in fact, Churchill [Downs] has no desire to fulfil the intent of the law. If Churchill is not going to utilize their license, they should move over. We would welcome a new owner of Arlington. The important thing is finding someone with the money. Both clearly have the interest and the resources.”
Reports are also suggesting that there could be ulterior motive to blocking any sales and racino plans following last year’s purchase of a 62% stake by Churchill Downs in Rivers Casino Des Plaines – just a few miles away from Arlington Park.
Rivers Casino is a ‘Riverboat casino’ that sits above a few inches of water in order to comply with state law.