Tag: Churchill Downs Incorporated

Churchill Downs to acquire Kentucky’s Ellis Park for $79m

Churchill Downs Incorporated (CDI) has agreed a deal to acquire the Ellis Park racetrack and gaming facility in Kentucky for a total consideration of $79.0m (£69.4m/€79.3m).

Under the arrangement, CDI will purchase Ellis Park Racing & Gaming from Enchantment Holdings, an affiliate of Laguna Development Corporation, and take full ownership of the venue.

Located in Henderson, Kentucky, Ellis Park has hosted horse racing for the past 100 years, while the site also features a gaming facility venue with approximately 300 historical racing machines (HRMs).

The acquisition agreement also includes CDI assuming Ellis Park’s opportunity to construct a track extension facility at Owensboro’s Towne Square Mall. The new Owensboro Racing & Gaming site will also house an entertainment venue with 600 HRMs, a simulcast wagering centre and multiple food and beverage offerings.

Over the next year, CDI said it expects the total investment in the Henderson and Daviess counties to be approximately $75.0..

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CDI pens deal with FanDuel

Horse racing and casino operator Churchill Downs Incorporated (CDI) has signed a content and sponsorship agreement with Flutter-owned FanDuel.

The multi-year deal involves multiple areas of FanDuel’s business – including its sports wagering, advance deposits wagering (ADW) and television verticals. Under the terms of the deal, CDI will provide B2B technology and services for FanDuel’s sportsbook’s pari-mutuel wagers on horse racing features.

It will also be possible for US-based FanDuel users to place bets on horse racing content at a CDI property, as well as allow FanDuel access to broadcast CDI content on the operator’s newly announced television network. The deal also has provisions providing FanDuel with non-exclusive Kentucky Derby sponsorship rights.

CDI subsidiary, United Tote, will be paid by FanDuel to facilitate the pari-mutuel wagering sections of the agreement. CDI has previously entered into an agreement to sell 49% of United Tote to the New York Race Association, in a..

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