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Louisiana Downs

Louisiana Downs Casino & Racetrack
Spectator stands at Louisiana Downs
Location Bossier City, Louisiana
Address 8000 E. Texas St.
Bossier City, Louisiana 71111
Opening date1974
Total gaming space150,000 square feet (14,000 m2)
Casino typeRacino
OwnerRubico Acquisition Corp
Websiteladowns.com

Louisiana Downs Casino & Racetrack is a horse racing track and racino located in Bossier City in northwestern Louisiana. It opened in 1974. The casino features over 800 slot machines. The track specification is a dirt track of 1 mi (1.609 km) & turf course of 0.875 mi (1.408 km).

History

Louisiana Downs was built by shopping center developer Edward J. DeBartolo Sr., of Cleveland, Ohio, a longtime supporter of horse racing; it was third race track that he developed, along with Thistledown in North Randall, Ohio, and Remington Park in Oklahoma City, Oklahoma.

In its first year of operation, more than 300,000 wagered in excess of $23 million. In 1983, 1.3 million fans wagered $224 million in the 125-day racing season.[1]

Harrah's Entertainment (later Caesars Entertainment) purchased the track in 2002. In October 2017, ownership of the property was transferred to Vici Properties as part of a corporate spin-off, and it was leased back to Caesars.[2][3]

In September 2020, it was announced that Caesars Entertainment and VICI Properties are selling Harrah’s Louisiana Downs to Rubico Acquisition Corp. for $22 million with the deal expected to close at the end of the year or early in 2021.[4]

In November 2021, the sale to Rubico Acquisition Corp was completed and the property transitioned to Louisiana Downs Casino & Racetrack dropping the Harrah's moniker.

Racing

The Thoroughbred meet takes place from early May through late September or early October. A quarter horse meet is held from January through March.

The track’s most notable race is the Super Derby, a race first ran in September 1980 now at the curren distance of 1+1⁄16 miles (1,700 m). It was once a top race for 3 yo’s and horses such as Tiznow won the race. The race, along with the track suffered a precipitous decline and was moved to the turf for 2 years and was placed on hiatus from 2020-2022. It was brought back in 2023 with a $200,000 purse

References

  1. ^ "Louisiana Downs is nation's 5th largest track," Minden Press-Herald, February 28, 1984, p. 6C
  2. ^ "Vici Properties Inc., completes spin-off from Caesars Entertainment Operating Company" (Press release). Vici Properties. October 6, 2017 – via NewsBank.
  3. ^ Form 424B4: Prospectus (Report). Vici Properties. February 2, 2018. pp. F-54 – via EDGAR.
  4. ^ "Ceasars [sic], VICI Properties selling Louisiana Downs to Rubico Acquistion [sic] Corp". Shreveport Times. September 4, 2020.

Sources

32°32′50″N 93°37′29″W / 32.547229°N 93.624609°W / 32.547229; -93.624609

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