FLORENCE, Ky. - Rock Gaming LLC was approved on Monday to acquire an equity stake in the Turfway Park Racetrack in Florence, Ky.
Rock will join track co-owners Caesars Entertainment Corporation and Keenland Association.
Financial terms regarding the partnership and transaction were not disclosed.
This new investment is an extension of Rock's joint venture with Caesars, named Rock Ohio Caesars LLC, that was created to develop casinos in downtown Cincinnati and Cleveland.
"It's a thrill for Rock Gaming to add the exhilarating sport of Thoroughbred racing to our gaming portfolio, and we are honored to become part of the 52 year racing tradition in northern Kentucky," said Matt Cullen, president and COO of Rock Gaming, in a press release. "Our investment in Turfway Park not only allows us to expand our current relationship with Caesars, but to also begin a partnership with Keeneland, one of the most esteemed horseracing organizations in the country."
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.