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is harrah s casino buffet open(Image: Churchill Downs Incorporated)In doing so, the Louisville-based gaming company will look to conduct a 1031 exchange, a federal tax policy that would allow Churchill to essentially swap properties. That would allow them to defer the capital gains taxes from the sales.We have a number of organic capital growth projects that we believe will qualify, and we will also explore potential acquisitions that fit within our strategic framework,” Carstanjen said on the call.Last month, Churchill Downs announced the sale of Arlington Park, a 326-acre racetrack in suburban Chicago, for 7.2 million to the NFL’s Chicago Bears. Early voting has been underway since September. river spirit casino appThat’s according to CEO Bill Carstanjen, speaking during the company’s third-quarter earnings conference call on Thursday. It has no experience in the gaming industry, which is why it has brought on Peninsula Pacific Entertainment (P2E), a California-headquartered firm that operates casinos in New York and Iowa.P2E is additionally invested in Virginia by way of the Colonial Downs Racetrack and its associated Rosie’s Gaming Emporium pubs. The company is investing millions in upgrades to its flagship track, Turfway Park, and its historical horse racing parlors.Among the projects slated for the namesake track is a million expansion at the first turn. m casino no deposit bonus

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