“The Clairvest team is excited by the growth prospects at Delaware Park. Publicly traded Dover Downs Gaming and Entertainment was sold to Twin River (now Bally’s) following the state change.ĭelaware Park offers traditional gaming options, including 2,300 slots, as well as retail sports betting, iGaming, and thoroughbred racing. Delaware Park never had to publicly reveal its financial status. The sale of Delaware Park had been rumored for years, especially after the Delaware General Assembly approved changes aimed at making casinos more profitable.Ĭasino operators said at the time a combination of out of state competition and the state’s high revenue sharing figure were clouding their futures.
The situation changed as Maryland and Pennsylvania gave the green light to gaming and Delaware increased its share of revenue from casinos during a fiscal crisis. At the time, Delaware sites had minimal regional competition.įor a time, Delaware Park owned a vacant hotel (later sold) and acquired a surplus building from New Castle County for its headquarters. The family never fully redeveloped the site but profited when Delaware gave the state’s three horse tracks the go-ahead to offer slot machines minus upfront payments that were imposed in other states.
