Churchill Downs, the famous horse racing venue in Kentucky, is set to expand its offerings with a new historical horse racing machine (HRM) venue. The company plans to invest up to $50 million in this new project, which will feature a casino along with the HRM machines.
This expansion comes at a time when Churchill Downs is looking to diversify its revenue streams and attract more visitors to its facilities. The new venue will be located in the city of Corbin, about 90 miles south of Lexington, and is expected to create around 500 new jobs in the area.
The move to invest in the HRM venue is part of Churchill Downs’ strategy to tap into the growing popularity of these machines, which allow players to bet on past horse races. The company has already seen success with its HRM operations at other locations, such as Derby City Gaming in Louisville.
In addition to the HRM machines, the new venue in Corbin will also include a range of casino games and dining options, providing a comprehensive entertainment experience for visitors. This reflects a broader trend in the gaming industry, where companies are increasingly looking to offer a variety of gaming options to attract a diverse range of customers.
Overall, the investment in the new HRM venue highlights Churchill Downs’ commitment to innovation and expansion in the gaming industry. With this new project, the company aims to further solidify its position as a leading entertainment destination in Kentucky and attract more visitors to its facilities.
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