Famous Racetrack Operator Churchill Downs Files For Gaming License In Nevada
Posted on July 26, 2012 at 12:07pm
Churchill Downs, operator of the famous racetrack in Kentucky that the Kentucky Derby is run on has recently filed for a gaming license in Nevada. They have done this so they can begin some new services that are interactive and that coincide with the state's new foray into Internet gambling.
The company, Churchill Downs, Inc. just filed recently as well as nearly three dozen other casino operators interested in featuring interactive gaming in Nevada once the approval goes through. A company called International Gaming Technology was recently licensed in Nevada, and Bally Technologies received licensing as well.
Shuffle Master has also received a preliminary approval from the state of Nevada which may lead to them receiving a license. Twinspires.com, an online wagering service for Churchill Downs race tracks and other race tracks throughout the country is also operated by Churchill Downs, Inc.
Twinspire has also made acquisitions of Bluff Media and Youbet.com over the years. The assets now owned by Bluff Media include a poker magazine known as Bluff Magazine, and an online data tracking company known as The PokerDB. They also own the websites bluffpoker.com and bluff.com.
Churchill Downs now plans to build its business model online in a similar fashion to that of Bluff Media. Bluff Media does not take part in gaming online for money. Their business model is geared more towards online poker forums, blogs and informational online content and not on real gaming online.
The licensing in Nevada would allow them to pursue Internet poker options in the future when it does become legalized on the state or on a federal level. Churchill Downs now owns Harlow's Casino Resort in Greenville, Mississippi and the Calder Casino & Race establishment in Miami Gardens, Florida.
They also own the famous Chicago racetrack Arlington Park. One reason Churchill Downs has its sights on Nevada for its online operations is that the state recently adopted regulations that allow real cash wagering on Internet poker.
This can only be done, however, within the boundaries of the state of Nevada. Nevada has become an attractive state for companies seeking to expand their operations into cash gaming online.
The state has been a pioneer in gaming regulations and will most likely continue to see an increase in applications for licensing by other companies interesting in also beginning gaming operations in Nevada.