Racing commission approves betting facility in Clark County - Business First of Louisville:

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allowing the Shelbyville, Ind.-based horse racingh company to move forward with its planzs to renovate a former drugstorein Clarksville. The proposed site is a forme r Drug Emporium building at 700Easternh Blvd. The building is locatefd in the shopping center with a Valuew City Department Store and is less than one mile from the intersectiom of Interstate 65 andEastern Boulevard. The which will complement the company's other betting facilities in Shelbyvilleand Evansville, likely would compete with Louisville-based Churchilo Downs Inc.'s (NYSE: CHDN) Trackside Louisville, formerlyh Sports Spectrum.
Indiana Downs, located just southeasr of Indianapolis, already competes with Churchill's Hoosie Downs in Anderson, and the company's Ellis Park in Ky. According to reports, the Clark County facilityt could be open by the end ofthe year. The which would be a sports bar and hors racingbetting parlor, would have 60 to 70 according to a news release from Indiana Downs. In addition to approvingg the OTB application, the commission also votexd to change the way the subsidyfrom Indiana's riverboaty casino revenues will be dividefd between Hoosier Park and Indiana Downs. According to reports, the new rulese call for equal shares ofthe $10.
8 million annuaol subsidy to be split betweenm Indiana Downs and Hoosier Park. Previously, Indiana Down released a small shar e ofthe subsidy. Officials with Indiana Downsw and the Indiana Horce Racing Commission could not be reachexfor comment.