SEARCH NEWS:

 

Nova Scotia casino planned

NOVA SCOTIA, Canada – (PRESS RELEASE) -- Racino Royale, Inc. ("RR") (OTCBB: RCNR) is pleased to announce that it has entered into an agreement to purchase Tartan Downs Raceway in Sydney, Nova Scotia.

The acquisition is Racino Royale's first stage in fulfilling its mission statement to own and operate live entertainment destinations that appeal to tourists and residents of all ages and gender that goes beyond horseracing.

Tartan Downs Raceway opened in 1944 and has a deep-rooted history in Nova Scotia horseracing. Situated on 28 acres in the heart of Sydney, the raceway currently has a grandstand with capacity of approximately 1,300 with room for capital expansion. The raceway has traditionally held both live and simulcast racing events.

"This facility is ideal for Racino Royale's vision and I believe that the acquisition of Tartan Downs is an important step forward to enhance horseracing in Nova Scotia," stated John G. Simmonds, Director and CEO of RR. "I look forward to working with the Cape Breton Island Horsemen's Association to strengthen the long established traditions in this undertaking as we proceed with our goal of a 'positive entertainment experience'."

The agreement is subject to a due diligence period of 60 days and a 30 day document period.

< Gaming News