Friday, November 13, 2009
Horse track seeking bailout shells out 127 million to buy online gambling business
Churchill Downs, which would receive the lion's share of a public bailout in legislation supported by Kentucky's Democratic political leadership, just dropped a cool $127.8 million to purchase Youbet.com, an online and telephone betting operation.
For an industry looking for a public handout, they sure have a lot of money to throw around.
For an industry looking for a public handout, they sure have a lot of money to throw around.
Labels: gambling
