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Rubico Acquisition Corporation officially takes over Louisiana Downs

Rubico paid $22 million for Louisiana Downs, which includes the casino and horseracing track.
Rubico paid $22 million for Louisiana Downs, which includes the casino and horseracing track....
Rubico paid $22 million for Louisiana Downs, which includes the casino and horseracing track. In late October, the Louisiana Gaming Control Board and the Louisiana Racing Commission gave final approval to the sale.
Published: Nov. 1, 2021 at 5:54 AM CDT
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BOSSIER CITY, La. (KSLA) - As of midnight on Nov. 1, Rubico Acquisition Corporation is the new owner of Louisiana Downs.

The casino floor shut down at midnight and will remain closed until 1 p.m. on Monday, Nov. 1 to complete the transfer, according to a news release.

Rubico paid $22 million for Louisiana Downs, which includes the casino and horseracing track.

In late October, the Louisiana Gaming Control Board and the Louisiana Racing Commission gave final approval to the sale.

All Caesar Entertainment employees working at Louisiana Downs will be transferred to the new ownership. The transfer will not affect the track’s horseracing schedule, beginning on Jan. 10.

Guests will notice changes, including new Louisiana Downs signage around the property. The casino will continue to honor the Caesar’s Rewards program until the casino implements its own rewards program, planned for early 2022.

The transfer will not affect Louisiana Down’s horseracing schedule, which begins on January 10 with Quarter Horse racing. Louisiana Downs will be the only gaming facility in northwest Louisiana to offer newly approved historical horse racing machines. The machines are similar to slot machines, but they use results from past horse races instead of a random number generator to choose the outcome of the spin. The state legislature approved the use of the machines at Off-Track Betting Parlors (OTB) earlier this year. Rubico also plans to add additional food and beverage outlets for guests.

Romph • Pou Agency, PR firm representing Louisiana Downs

Rubico is also in the process of applying for a sportsbook license for Louisiana Downs.

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