Ellis Park Sale to Saratoga Group Finalized
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Photo: Coady Photography
The sale of Ellis Park was finalized July 30
On July 30, the sales transaction of Ellis Park to Saratoga Casino & Hospitality Group was completed, and the group became the official new owners of the property.
"We're very excited to own such an historic property," said Daniel Gerrity, president of Saratoga Casino & Hospitality Group. "We look forward to learning even more about the Henderson and Evansville communities, and we're eager to work towards our goal of delivering an experience that goes above and beyond guest expectations."
Last month, Saratoga Casino & Hospitality Group sent a group of executives to Henderson, Ky., to evaluate potential areas to improve upon and to develop a plan to enhance the overall guest experience. Saratoga Casino & Hospitality Group has confirmed it does not plan to make any changes to the management team at Ellis Park.
"Our team at Ellis Park looks forward to working with Saratoga Casino & Hospitality Group," said Jeff Hall, general manager at Ellis Park. "We're excited to improve on the great strides we've made as a racing and entertainment destination."
Headquartered in Saratoga Springs, N.Y., Saratoga Casino & Hospitality Group is a subsidiary of Saratoga Harness Racing Inc., which oversees the daily operations of Saratoga Casino Hotel in Saratoga Springs and Saratoga Casino Blackhawk in Black Hawk, Colo.
In 2012, Saratoga Casino & Hospitality Group purchased a 30% minority stake in Ellis Park. The partnership allowed Ellis Park to invest in Instant Racing Machines that supplemented its Thoroughbred racing product. The most recent transaction transferred the remaining 70% ownership stake to Saratoga Casino & Hospitality Group.