Lady Luck Casino Nemacolin to be managed by Churchill Downs under new deal |

Lady Luck Casino Nemacolin to be managed by Churchill Downs under new deal

Stephen Huba
Evan R. Sanders | Tribune-Review
Patrons wait in line outside Lady Luck Casino Nemacolin on opening day July 2013.

Churchill Downs Inc., operator of the famed Kentucky Derby, will assume management of Lady Luck Casino Nemacolin in Fayette County following an agreement with Reno-based Eldorado Resorts Inc.

Under the terms of the deal, Churchill Downs will acquire certain assets related to the management of Lady Luck Nemacolin for cash consideration of $100,000. Eldorado Resorts will retain ownership of the property, which sits one mile from Nemacolin Woodlands Resort in Farmington and has 600 slot machines and 27 table games.

The Pennsylvania Gaming Control Board approved the transaction last week.

The transaction is seen as part of a larger effort by Churchill Downs to position itself as a player in the sports betting industry in Pennsylvania. Churchill Downs already owns and operates, the largest legal online horse-racing wagering platform in the United States.

In addition to transferring operations of Lady Luck Casino Nemacolin, Eldorado Resorts sold Presque Isle Downs & Casino in Erie to Churchill Downs, according to an amended deal announced in August 2018.

Eldorado owns Lady Luck Casino properties in Black Hawk, Colo., Caruthersville, Mo., and Vicksburg, Miss.

St. Louis-based Isle of Capri Casinos and Nemacolin Woodlands Resort opened Lady Luck Nemacolin in 2013. Eldorado bought Isle of Capri for $1.7 billion, in a deal announced in 2016 but finalized in 2017.

Churchill Downs Inc., or CDI, is headquartered in Louisville, Ky. In addition to the Kentucky Derby hosted each May at its namesake track, the company is involved in casinos in seven states, according to its website. It has launched its online BetAmerica Sportsbook and online casino platform in Mississippi and New Jersey, with plans to expand to other U.S. markets.

Stephen Huba is a Tribune-Review staff writer. You can contact Stephen at 724-850-1280, [email protected] or via Twitter .

Categories: Local | Regional | Top Stories
TribLIVE commenting policy

You are solely responsible for your comments and by using you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.