Home » Churchill Downs Incorporated (CDI) Completes Acquisition of Kentucky’s Turfway Park
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Churchill Downs Incorporated (CDI) Completes Acquisition of Kentucky’s Turfway Park

Churchill Downs Incorporated (CDI) has finalized its attainment of Turfway Park in Florence, Kentucky from Jack Ohio LLC, an affiliate of Jack Entertainment LLC and Hard Rock International for total consideration of $46 million in cash, subject to certain working capital and other purchase price adjustments.

The agreement was approved by the Kentucky Horse Racing Commission (KHRC), which allowed it to be finalized.

On receiving KHRC approval to acquire Turfway Park, CDI withdrew the race dates application related to its previously announced New Latonia Racing & Gaming (“New Latonia”) project in northern Kentucky and confirmed that it will not follow the New Latonia project.

Source: https://www.igamingbusiness.com/news/churchill-downs-completes-acquisition-kentucky-s-turfway-park
https://www.nasdaq.com/press-release/churchill-downs-incorporated-completes-acquisition-of-turfway-park-2019-10-09

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Seema Waqar

Seema Waqar

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