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Slide #60. Churchill Downs Incorporated — Oxford Casino
Churchill Downs Incorporated (NASDAQ:CHDN)
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. manages its operations through three reportable segments: Churchill Downs, Online Wagering, and Gaming. Churchill Downs includes live and historical pari-mutuel racing at Churchill Downs Racetrack and Derby City Gaming. Online Wagering includes Co.'s TwinSpires business and its online sports betting and iGaming business. Gaming includes casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.
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Strong Buy (4.00 out of 4)