Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Apr. 20, 9:07 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
Slide #60. Churchill Downs Incorporated — Oxford Casino
Acquirer: |
Churchill Downs Incorporated (NASDAQ:CHDN) |
Acquiree: |
Oxford Casino |
Details: |
Churchill Downs Incorporated (CDI or Company) (Nasdaq:CHDN) announced that it has entered into a definitive purchase agreement to acquire Oxford Casino (Oxford) in Oxford, Maine, for total consideration of approximately $160 million, to be paid in cash. |
Churchill Downs is a racing, online wagering and gaming entertainment company. Co. owns and operates three pari-mutuel gaming entertainment venues with historical racing machines in Kentucky. Co. manages its operations via three segments: Live and Historical Racing, which includes live and historical pari-mutuel racing related revenue and expenses at Churchill Downs Racetrack, Derby City Gaming, Oak Grove, Turfway Park, and Newport; TwinSpires, which includes online horse racing and the online and retail sports betting and iGaming wagering business; and Gaming, which includes casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.
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April 20, 2024 9:07 AM Eastern
Strong Buy (3.56 out of 4)
100th percentile
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