The ultimate goal of this acquisition is to build both temporary and permanent casino facilities while improving the horse racing experience for fans and participants.
with Fairmount Holdings, the owner of FanDuel Sportsbook & Horse Racing, to acquire Fairmount for total consideration of approximately $35 million.
The racetrack will be active for 65 days with approximately 435 horse races per year. Plus, Accel can develop a casino project and utilize a master sports betting license in a revenue share agreement with FanDuel. “I am delighted by Accel Entertainment’s purchase of FanDuel Sportsbook & Horse Racing,” said Mayor Jeff Stehman of Collinsville, IL. “This move is a testament to the vitality and potential of Collinsville. It will undoubtedly spur economic development along the Collinsville road corridor, creating jobs and bolstering our local economy. We look forward to the positive impact this acquisition will have on our city.
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