Churchill Downs is a household name when it comes to horse racing. However, the firm has now decided to venture into the online poker field. In view of this decision, Churchill Downs Inc. has applied for online poker license in the State of Nevada. The company, follows the footsteps of almost three-dozen others who have already filed for licenses in the state.
The famed owners of the Kentucky Racetrack have hosted the renowned Kentucky Derby for 137 years and have since hoped to make a lateral entry into online poker market. The management of Churchill Downs Inc. is hoping to receive approval from the Nevada State Gaming Commission. In February of this year, the company purchased Bluff Media, a poker related platform that includes the online poker sites Bluff.com, BluffPoker.com and BluffMagazine.com. After this acquisition it seemed only fair that the company would focus on obtaining a license in the Silver State.
Churchill Downs Inc. is not a new name in the world of online wagering; it has in the past associated itself with twinspires.com, a site that offers online wagering for racetracks throughout the country. The company is the biggest online horse racing company in the country, and offers betting in its own racetracks at Arlington Park in Illinois, Fair Grounds Race Course and Slots in Louisiana, Harlow’s Casino Resort and Hotel in Mississippi and Calder Casino and Race Course in Florida.
Nevada, popularly known as the Silver State is an important regulatory body, with regards to the United States government’s ongoing change of stance on online poker. In order to not lose out the endless possibilities due to open up, Chief Strategy Officer of Churchill Downs Ted Grey insisted it was important to be part of the development at the earlier stages. However, Grey was quick to say that the company’s shift to the online poker marketplace will have its share of difficulties, in spite of which, he is optimistic about the company’s decision to branch out. As Churchill Downs has been an online operator for several years, its years of knowledge would give it an added advantage over casino companies.
Churchill Downs is currently in discussion with Playtech and Ongame Network and has plans to launch an Internet poker network of its own. Last month, Nevada gaming officials approved licenses for Bally Technologies and International Game Technology. Following suit is Shuffle Master, which is being considered for the gaming license. Churchill Downs is hopeful that it would soon join these three in providing online poker to the Nevada public.