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Laguna Development Corp. subsidiary purchases Kentucky racetrack

Laguna Development Corp. announced Tuesday that its subsidiary Ellis Entertainment has purchased Ellis Park Racetrack in Henderson, Kentucky, from owners Saratoga Casino and Hospitality Group of Saratoga Springs, New York. The Kentucky Horse Racing Commission approved the sale and the issuance of a racing license to Ellis, plus 900 new racing machines, according to 14 News. The transfer of ownership is…

Source: The Business Journal

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