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Pennsylvania Gaming Control Board approves operator change

15 Aug 2018

(PRESS RELEASE) -- The Pennsylvania Gaming Control Board today approved the change of control of the Category 1 Slot Machine License for Presque Isle Downs & Casino in Erie County.

Under the agreement approved by the Board at its public meeting, the license, held since 2014 by Eldorado Resorts, Inc. will be transferred to Churchill Downs, Inc., a publicly traded company based in Louisville, KY.

Churchill Downs, Inc., as the new slot machine license holder, will pay the Commonwealth a change of control fee of $3.75 million.

A PowerPoint presentation provided by representatives of Churchill Downs, Inc. is available on the Board’s website as part of the 15 August 2018 information under the Meetings tab on the PGCB’s web site.

The next meeting of the Pennsylvania Gaming Control Board is scheduled for Wednesday, 12 September 2018 in the PGCB’s Public Hearing Room located on the second floor of Strawberry Square in Harrisburg.
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