Resort will create 1,700 permanent and 1,700 construction jobs
EAST GREENBUSH, N.Y. (May 14, 2014) — Saratoga Casino and Raceway (SCR) and Churchill Downs Inc. (CDI) announced Tuesday that they will partner in bidding for the Capital Region’s commercial casino license to build a $300 million destination resort casino in East Greenbush. With more than 200 combined years of experience between the two organizations, the partnership further solidifies the East Greenbush proposal as the best project to create jobs, grow the economy and keep taxes down.
“Saratoga Casino and Raceway could not be more excited about partnering with Churchill Downs Inc.,” said James D. Featherstonhaugh, secretary and chief legal officer of Saratoga Casino and Raceway. “Our organizations both come from a horse racing heritage and have a combined two centuries of proven gaming experience. With this partnership, we look forward to a shared future in creating jobs and growing the Capital Region economy.”
“Churchill Downs Incorporated is thrilled to expand our presence in New York State through our partnership with Saratoga Casino and Raceway,” said Bill Carstanjen, president and chief operating officer of Churchill Downs Inc. “Together we’ll deliver a destination resort casino that will create reliable revenues for the entire Capital Region, generate thousands of jobs, and be best positioned to keep New York gaming dollars in New York.”
Located on East Greenbush’s Thompson Hill, the $300 million project will feature world-class gaming, dining and entertainment options, including:
A 300-room resort style hotel;
A full complement of exciting dining options, including fine dining, casual dining and buffet;
Multiple entertainment venues, with a night club, sports bar and showroom;
20,000 s.f. of high end retail; and
Convenient parking, with valet, covered parking and surface lots.
Churchill Downs Inc. operates five racetracks, six casinos, online wagering company TwinSpires.com, a video poker business, a poker media and brand company, a multi-state network of off-track betting facilities, and a collection of racing-related data, totalisator and telecommunications companies that support CDI’s sports and gaming operations. The company employs more than 4,500 people and has physical operations in 10 states: California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maine, Mississippi, New York and Ohio.
Saratoga Casino and Raceway boasts a $15 million annual payroll and 630 employees at its Saratoga Springs facility. It operates gaming, racing and entertainment venues in three states, including Saratoga Casino Black Hawk in Colorado, Ellis Park in Kentucky and the Gideon Putnam Hotel and Resort in Saratoga Springs, NY.