Churchill Downs Incorporated has announced it has completed the acquisition of Ellis Park Racing & Gaming (“Ellis Park”) in Henderson, Kentucky from Enchantment Holdings, an affiliate of Laguna Development Corporation.
The deal includes a cash consideration of $79 million and is subject to certain working capital and other purchase price adjustments. As part of the acquisition, Churchill Downs now has the opportunity to build a track extension and an entertainment venue. This venue will include 600 historical racing machines and will be located in Towne Square Mall, Owensboro, Kentucky.
Bill Carstanjen, Chief Executive Officer of Churchill Downs Incorporated said:
Churchill Downs Completes Acquisition of Ellis Park Churchill Downs Completes Acquisition of Ellis Park Churchill Downs Completes Acquisition of Ellis Park
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.