Oxford Casino owners say they are considering selling the property
Churchill Downs confirmed it is exploring strategic alternatives, including potentially selling Oxford Casino in Maine.Summary
The owners of Oxford Casino on Route 26 in Oxford, Maine, confirmed this week that they are exploring the possibility of selling the property. Kentucky-based Churchill Downs, which owns the casino, released a brief statement acknowledging it was considering "strategic alternatives" for its horse racing and wagering platforms. Senior Director of Communications Breck Thomas-Ross said the company remains focused on creating long-term value for shareholders, but no further details or timeline were provided.
The casino originally opened in 2012 after being approved by Maine voters in 2010. Churchill Downs completed its purchase of Oxford Casino in the summer of 2013 in a deal reportedly worth about $160 million. Following the acquisition, the company announced a $25 million expansion plan that resulted in a new hotel and restaurants, with the expanded casino opening in 2017.
(Source：Lewiston Sun Journal)