As attendance and betting continue to fall at U.S. Racetracks, Churchill Downs looks to Mississippi Delta.

Harlow's Casino Resort and Hotel

The total betting on racing in the United States last year fell 10% to $12 billion, its lowest level in more than a decade. Some of that can be attributed to the economic downturn and fewer racing days, but the sport has been in decline for years, thanks to the expansion of casino gambling across the country.

Apparently, Churchill downs is deciding that 'if you can't beat 'em, join 'em.'


Churchill has long been trying to get slot machines legalized at its namesake track in Kentucky, but has been repeatedly denied by legislators.

CEO Robert L. Evans said: “We are continuing to diversify across racing, gaming and other business units”. He also confirmed that all of the 400 Harlow Resort’s staff would keep their jobs and that Churchill Downs Inc. hope to build upon the success already achieved by the hotel and casino.

Churchill Downs buying Delta casino



GREENVILLE — The parent of Churchill Downs race track is getting into the full-fledged casino business.

Churchill Downs Inc. said it has agreed to acquire Harlow’s Casino Resort & Hotel in Greenville for about $138 million.

Churchill said the cash deal is subject to regulatory approval but is expected to be completed in the next three to six months.

Harlow’s opened in late 2007 near the Mississippi River and features a 33,000-square-foot gaming floor.

Churchill Downs president and CEO Robert L. Evans said the addition of Harlow’s continues the Louisville, Ky.–based company’s strategy of diversifying its business across its racing, gaming and online units.

Churchill owns and operates race tracks in Illinois, Florida and Louisiana as well as its namesake track in Louisville, which is home to the Kentucky Derby.

AP

State: Charity used for personal gain

By STEVEN G. WATSON

A Ridgeland-based chairty is being operated for personal gain, in part because it has the highest paid charity bingo director in the state and reports the least amount of charitable giving, according to testimony during a hearing this week.

Bill Murphy is the highest paid charity bingo director in the state according to testimony at a Secretary of State hearing Tuesday to determine if the charity should be closed.

The charity, Fine Arts Institute of Mississippi or FAIM, operates the Boxcar Bingo parlor in Desoto County and has been under fire in recent months for alleged acts of fraud.

Murphy is currently involved in two appeals - one with the state Gaming Commission and another with the Secretary of State's office.

The state Gaming Commission, which governs charitable bingo, would not renew FAIM's license.

The Secretary of State's Office, which governs all charities, is attempting to revoke FAIM's charitable status.

Tuesday, at an appeal hearing with the Secretary of State's office, Murphy's salary was scrutinized by the prosecution which questioned why FAIM paid him $155,000 in 2008 and spent only $22,000 on actual charity.

Madison County Journal