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Harrah's Buys Thistledown Track For US$34m

Friday, 28th May 2010

Harrah's has purchased Ohio's Thistledown racetrack in Cleveland from MI Developments for US$43 million, reported The Cleveland Plain Dealer newspaper. Last year Harrah's had reached an earlier agreement with Magna Entertainment Corp (a subsidiary of MI Developments) to purchase Thistledown for US$89.5 million, but that deal fell through when the Ohio state legislature did not approve the addition of video lottery terminals at the track. Harrah's also owns Louisiana Downs (in Louisiana) & is a co-owner of Turfway Park (in Kentucky).

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