Monday, November 18, 2024

Wind Creek acquires Birmingham Racecourse in Alabama

Wind Creek Hospitality announced on Monday they have entered an agreement with the McGregor family to acquire Birmingham Racecourse. Wind Creek Hospitality is owned by the Poarch Band of Creek Indians, and the McGregor family owns Birmingham Racecourse.

Wind Creek plans to transform the Birmingham Racecourse into a premier entertainment destination in the Southeast and continue to provide parimutuel and historical horse racing games.

"For over 30 years, we have worked to provide the best possible experience for our customers and employees, while generating significant tax revenue for the state of Alabama and local charities," said Lewis Benefield, president of the Birmingham Racecourse and Victoryland. Benefield said the tax revenue supports local schools, hospitals, charities, and other organizations that need financial support.

Benefield said the McGregor family has consistently sought to enhance the gaming and entertainment options at the Birmingham Racecourse, but legislative hurdles have presented challenges.

"The people of Birmingham desire the same types of entertainment offered at other facilities in and around Alabama," Benefield said. "Unfortunately, differing state laws and enforcement actions regarding gaming have limited our ability to compete effectively. The McGregor family will now focus their efforts on Victoryland in Macon County and advocate for unified gaming legislation in Alabama which would capture much-needed revenue for the people of Alabama."

Jay Dorris, president and CEO of Wind Creek Hospitality said the McGregor family built and has operated the Birmingham Racecourse and Casino for decades, “providing great entertainment, attracting tourism, and creating economic growth In Alabama.”

Stephanie Bryan, Tribal Chair and CEO of the Poarch Band of Creek Indians, said the tribe has already been heavily involved in the Birmingham area, supporting organizations like the Birmingham Promise, Birmingham Zoo, and many others. Bryan said Wind Creek will make the facility a major economic force for the area by creating more jobs, taxes, and support for the local community.

The sale of Birmingham Racecourse is expected to be finalized by early 2025.

No comments: