A Nevada-based company recently bought the Seabrook Greyhound Park. The employee-owned company called Eureka Casino Resort, from Mesquite, Nevada is planning to start construction and improvements in the park starting Monday.
The greyhound track is a 75-acre property with a 90,000-square-foot facility. The sale happened on Thursday, and a company release suggests that improvements will begin on February 4. They did not mention the price of the sale, but town records suggest that the facility is appraised at a little over $5.7 million.
The original greyhound park opened in 1973 off route the 107 at 319 New Zealand Road. It hosted greyhound racing live on the track until it was banned in 2008. It was owned and sold by Yankee Greyhound Racing Inc. which was operated by the Carney Family, according to Bill Manzi, the Town Manager. He said that the town held meetings with Eureka before the sale.
The park includes a poker room, a casino, off-track betting facility, and simulcast. Eureka is planning to continue with this existing framework. The company noted in its press release that it hopes to turn the region into a “vibrant business and destination.”
Manzi said that Eureka wants to take over the existing operation as they are not legally entitled to do anything else on the space. They would simply pimp up the facility and continue working as usual. Eureka is one of the two employee-owned casino companies in the country.
The company said that its COO Andre Carrier and Chairman Greg Lee have deep ties to New Hampshire. Carrier’s family lives in the Mount Washington Valley while Lee was a graduate of the Concord-based St. Paul’s School. It is their connection with the Granite State that inspired them to purchase the Seabrook business, the company noted.
Carrier said that it feels great to be home, noting that he and Greg both love the Seabrook Park location and the business opportunity it presents. He noted that the company could bring new energy to the facility and their business model aligns well with the charitable casino model of the town.
Eureka will keep the facility open even while the remodeling is in progress. The poker room, casino, off-tracking betting areas, and simulcast will be open throughout the customary operation hours. It is aiming to transform the facility into the premium entertainment, food, and gaming facility in the region. The full development is expected to complete by August.
Eureka was counted as one of Fortune Magazine’s Top 100 Medium Workplaces in America in 2018, and according to Chairman Lee, they plan to bring their corporate culture to the town.
Add Comment