valley forge casino card showYoungkin hasn’t publicly declared his position on the matter. That’s according to CEO Bill Carstanjen, speaking during the company’s third-quarter earnings conference call on Thursday. The CEO said the first step would be to apply for a gaming license through the Virginia Lottery. liberty slots affiliatesIt 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. (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. blackjack 888 casino

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