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Hotels, Lodging, Restaurants & Travel M&A image Hotels, Lodging, Restaurants & Travel M&A » By The Online Investor Staff, updated Sun., Jan. 29, 4:34 PM Recent mergers and acquisitions in the Hotels, Lodging, Restaurants & Travel M&A category.

Slide #40. 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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Strong Buy (3.60 out of 4)
62nd percentile
(ranked higher than approx. 62% of all stocks covered)

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