Churchill Lows Closes Duo of Pay for Deals
The internet casino and racetrack operator provides expanded a presence around Illinois and also Pennsylvania with the addition of two buildings to the portfolio
Kentucky-based casino along with racetrack operator Churchill Downs Inc. carried out a duet of acquire deals previously this week a product of company’s strategy to extend the footprint throughout key niche categories across the United states of america and to real itself for a leading manager of gaming properties as well as horse racetracks.
In a declaration from Thursday, March 8, Churchill Lows announced the main purchase of Lover Luck Online casino Nemacolin around Farmington, Missouri for whole cash awareness of 100 dollar, 000. Announcement about the transaction’s closure came on the heels of the important regulatory endorsement the online casino and racetrack operator gotten by the Pd Gaming Manipulate Board previously this week.
Churchill Downs possesses thus assumed management of your property soon after acquiring certain assets in connection with its management from competing Eldorado Resorts. Lady Good luck Casino Nemacolin opened doors in 2013. The property includes 600 slot machines and twenty-seven table games.
Churchill Downs bought the Lady Good fortune property as being a condition for your closure of an previously declared deal to invest in Presque Section Downs & Casino inside Erie, Pennsylvania from Eldorado Resorts intended for total profit consideration for $178. 7 million.