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Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Thu., Aug. 13, 1:33 PM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #80. Churchill Downs Incorporated Riverwalk Casino and Hotel

Acquirer: Churchill Downs Incorporated (NASDAQ:CHDN)
Acquiree: Riverwalk Casino and Hotel
Details: Churchill Downs Incorporatedannounced that it has entered into a definitive purchase agreement to acquire Riverwalk Casino and Hotel in Vicksburg, Miss., for total consideration of approximately $141 million, to be paid in cash. The transaction, which is contingent upon the Company securing a gaming license from the Mississippi Gaming Commission and other usual and customary closing conditions, is anticipated to close by the end of the year. If certain closing conditions are not satisfied, the Company could be obligated to pay a $7 million termination fee.

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.

CHDN SEC Filing Email Alerts Service


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Company Name: 
Churchill Downs, Inc.
Stock buyback: 
CHDN buyback
Website: 
www.churchilldownsincorporated.com
Sector: 
Entertainment
Number of ETFs Holding CHDN: 
53
Total Market Value Held by ETFs: 
$1.06B
Total Market Capitalization: 
$6.70B
% of Market Cap. Held by ETFs: 
15.79%
 

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Strong Buy (4.00 out of 4)
96th percentile
(ranked higher than approx. 96% of all stocks covered)
Based on Zacks ABR data;
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