Centaur Inc. has been approved by the Indiana Horse Racing Commission to buy the 38-percent interest in
The deal is expected to close in mid-March.
"We’ve been part of this project since day one and we’re proud to say that Hoosier Park will now be Hoosier-owned,” said Jeffrey Smith, CEO of horse racing for Centaur, noting that 90 percent of the investment group for the privately-held company is comprised of Indiana residents.
IBJ reported in June 2005 that Louisville-based Churchill Downs Inc. might be looking to unload the
Centaur has held a minority stake in
Centaur owns a hotel and casino in