Employee-owned Nevada casino buys Seabrook Greyhound Park

by Administrator

SEABROOK — The Seabrook Greyhound Park is being sold to Eureka Casino Resort, a Nevada-based resort casino company.

The purchase was announced Thursday.

Eureka will waste no time making improvements to the 90,000-square-foot facility that opened in 1973 to become a local landmark.

The employee-owned business based in Mesquite, Nev., said it plans to begin remodeling the Route 107 property on Feb. 4 and to transform it into a vibrant business and destination.

“We are excited to bring the opportunity for employee ownership to this legacy business. We look forward to bringing our corporate culture, and our desire to meet and exceed the expectations of our guests and the communities we serve to New Hampshire,” said Eureka chairman Greg Lee, a graduate of St. Paul’s School in Concord.

The sale price wasn’t immediately known, but the property formerly owned by Yankee Greyhound Racing Inc. is assessed at $5,771,100, according to town records.

Eureka describes itself as one of only two employee-owned casino companies in the country. It made Fortune Magazine’s Top 100 Medium Workplaces in America in 2018.

The park, which sits on 75 acres, is expected to remain open during the construction project, with the first phase of development to be completed by August.

According to Eureka officials, the casino, poker room, and simulcast/off-track betting areas will keep their regular operating hours.

The park was closed Wednesday and Thursday. A recorded message said this was related to the sale and that it would reopen Friday under new ownership.

In a statement, Karen Keelan, the president of Yankee Greyhound Racing Inc., said all of its assets would be sold to Rancho Mesquite Casino Inc., which does business as Eureka Casino, effective Friday.

“It is a bittersweet day for us as we bid farewell to owning and controlling Seabrook Park, but we wish our successors great success as they take the helm knowing that the town will benefit from the new ownership,” Keelan said.

Keelan said the directors of Yankee Greyhound Racing Inc. are confident that the new owner will take Seabrook Park to the “next level” with investments into the facility and new amenities for patrons.

“On behalf of the Carney and Keelan extended families, we want to thank the town of Seabrook and the many town officials for their support over the many years of Seabrook Park’s operations,” Keelan said. “Since 1973, Yankee Greyhound Racing Inc. has been through the heyday of greyhound racing, through its decline and ultimate elimination, and from the introduction of simulcast to our recent status as one of a very few simulcast facilities remaining in New England.”

Like the company’s chairman, Andre Carrier, Eureka’s president and chief operating officer, also has ties to New Hampshire with his family living in the Mount Washington Valley.

According to his profile on Eureka’s website, Carrier started the “Christmas Can Cure” program for the Wounded Warrior Project in 2008 and brought injured veterans and their families to his family home in Jackson “where he assembled the entire town to bring these service men and their families together for a perfect family Christmas.”

“It feels great to be home. Greg and I love the land and location of Seabrook Park as well as the business opportunity,” Carrier said in the release.