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Racing panel OKs sale of Louisiana Downs track and casino

26th October, 21:09

BOSSIER CITY, La. (AP) -- The $22 million sale of Harrah's Louisiana Downs horse racing track and casino was approved Tuesday by Louisiana's Racing Commission.

The Shreveport Times reported that Caesars Entertainment and VICI Properties are selling the facility in Bossier City. The purchaser is Rubico Acquisition Corp.

Approval from the state Gaming Commission was granted last week.

Rubico will operate the racetrack and the 12,000-square-foot casino and will apply for a sports betting license. Joe Morris of Caesars said the sale is expected to close Nov. 1.

"We are prepared to bring this iconic track back to its iconic status," Rubico President Kevin Preston told the commission. He has told regulators Rubico plans to make significant upgrades to both the casino and the racing campus, including adding an RV park, according to The Shreveport Times.

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