Churchill Downs to buy Harlow’s Casino

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Churchill Downs Inc. today announced that it will buy Harlow’s Casino in Greenville, Miss., for $138 million in cash from a private investment group.

The deal is expected to close in three-to-six months, pending regulatory approval.

It will be the second poker room in Churchill’s portfolio, which also owns Calder Casino in Miami Gardens, Fla. Churchill also owns a racino in Louisiana and thoroughbred tracks in Illinois and Kentucky.