![]() The casino and harness racetrack are located in Berlin, Md., and encompass approximately 168 acres of land. Long-term government relations director Denise Hill and general manager, Joseph Cavilla also continue in their respective roles post-closing. Rickman remains a senior advisor to the new owners in his capacity as executive vice president of Maryland Gaming LLC. The economic terms of the transaction are confidential, officials said. will indirectly own an additional 12.5 percent of the new properties for a total interest of 62.5 percent. and 50 percent owned by Saratoga Casino Holdings LLC.īy virtue of its 25 percent ownership of Saratoga Casino Holdings LLC, Churchill Downs Inc. and Saratoga Casino Holdings LLC formed a new company to execute the definitive agreement to acquire these equity interests, Old Bay Gaming & Racing, LLC, which is 50 percent owned by Churchill Downs Inc. The purchase was made from a private ownership group led by William M. The groups–owners of Saratoga Casino Hotel in Saratoga Springs–bought all of the equity interests of Ocean Enterprise 589 LLC, Ocean Downs LLC and Racing Services LLC, the entities that own and operate the casiano at Ocean Downs and Ocean Downs Racetrack. and Saratoga Casino Holdings LLC announced in August a joint venture to purchase Ocean Downs harness track and casino near Ocean City, Md., for an undisclosed price.
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