Churchill Downs Sues Casino Exec For Gambling Deal Flop

Law360, New York (February 26, 2014, 5:08 PM EST) -- Thoroughbred racetrack king Churchill Downs Inc. claims New Jersey casino and hotel executive Nicholas L. Ribis bilked it out of $2.5 million after failing to deliver on a proposed Atlantic City Internet gaming operation, according to a breach of contract suit removed to Kentucky federal court Tuesday.

Churchill Downs, best known as the home of the Kentucky Derby, launched suit against Ribis and his NLR Entertainment LLC to recover the $2.5 million it says it fronted under a September 2013 agreement they signed to develop and...
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