Lewis Brisbois National Business Practices Team Closes Kentucky Downs Sale
Franklin, Ky. (March 14, 2019) - A national team of Lewis Brisbois attorneys led by Las Vegas Partner Michael E. Kearney recently represented a group of gaming investors in their acquisition of the Kentucky Downs racetrack and racino, located in Franklin County, Kentucky. The investor group, led by Ron Winchell and Marc Falcone, acquired the Kentucky Downs’ assets through their new company, Kentucky Racing Acquisition LLC. Mr. Winchell currently oversees operations at Winchell Thoroughbreds, a thoroughbred horse racing and breeding business. Mr. Falcone was a casino executive and financial analyst before partnering with Mr. Winchell for this deal. Terms of the sale were not disclosed.
The deal brought together highly experienced attorneys from a number of Lewis Brisbois’ Business Practice groups, including their Corporate, Tax, Securities, Antitrust & Competition, and Real Estate Practices.
“It was a pleasure working with Mr. Winchell and Mr. Falcone to finalize this sale,” said Mr. Kearney. “Both have been involved in the industry for a long time, and this deal will ensure the continued financial success of Kentucky Downs and the surrounding area.”
In addition to Mr. Kearney, the 15-lawyer, 6-office team included Los Angeles Partners Alexis Crump, Ryan S. Alexander, and Eric C. Castro; Denver Managing Partner Todd R. Seelman; Denver Partners John Cardinal Parks, Wade A. Houser, and Craig W. Mueller; Sacramento Partner John P. Yung; Fort Lauderdale Partner Solomon B. Zoberman; Denver Associates Jenna Disser and Alexandra Katich; San Diego Associate Christopher Gabbard; and Los Angeles Associates Steven Novak and Christopher A. Babadjanian.
For more information about the deal, read Kentucky Downs’ official press release here.