Churchill Downs has burst out of the gate chasing gamblers’ dollars in the Cincinnati area with a new multi-million-dollar gambling and entertainment destination in Newport, Ky.
The horse-racing giant announced it will throw open the doors to its Newport Racing & Gaming development at 10 a.m. Friday in the Newport Shopping Center at 1727 Monmouth St., off Interstate 471.
The $38.4 million casino-style complex is opening under an extension of the racing license that Churchill Downs owns for Turfway Park in Florence, where a massive $100 million renovation is underway.
Proceeds from Newport Racing & Gaming are expected to help boost purses at the racetrack, which Churchill bought last year for $46 million.
“We are thrilled that guests will be able to enjoy this premier entertainment experience and that the Kentucky horse racing industry will benefit from the incremental purses generated through Newport Racing & Gaming,” said Chip Bach, general manager of Turfway Park.
Newport Racing & Gaming will compete directly against the nearby Belterra Park racino in Anderson Township and the Hard Rock Casino in downtown Cincinnati, as well as the Belterra Casino Resort and Hollywood Casino & Hotel in southern Indiana.
Unlike Ohio and Indiana, however, Kentucky doesn’t allow betting on