Maxine Velasquez says 2025 is ‘a year of growth’ for Laguna Development Corp.
25 Jan 2025
News
Maxine Velasquez remembers when officials with Churchill Downs Inc. came calling about the potential sale of Laguna Development Corp.’s Kentucky racetrack and gaming facility, Ellis Park Racing and Gaming.
Velasquez and two of her staff met with CDI’s executives in an Owensboro, Kentucky, hotel not long after. A deal quickly followed.
Velasquez’s Laguna Development Corp., Laguna Pueblo’s business development arm, bought the racetrack in 2019 for $11 million. It sold to CDI just a few years later, in 2022. The price tag: $79 million.
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