M&A Deal Summary

Churchill Downs Acquires Ellis Park Racing & Gaming

On September 26, 2022, Churchill Downs acquired media company Ellis Park Racing & Gaming for 79M USD

Acquisition Highlights
  • This is Churchill Downs’ 2nd transaction in the Media sector.
  • This is Churchill Downs’ 7th largest (disclosed) transaction.
  • This is Churchill Downs’ 13th transaction in the United States.
  • This is Churchill Downs’ 5th transaction in Kentucky.

M&A Deal Summary

Date 2022-09-26
Target Ellis Park Racing & Gaming
Sector Media
Buyer(s) Churchill Downs
Deal Type Add-on Acquisition
Deal Value 79M USD

Target

Ellis Park Racing & Gaming

Henderson, Kentucky, United States
website
Ellis Park Racing & Gaming is an operator of race tracks. Ellis Park Racing & Gaming is based in Henderson, Kentucky.

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Buyer(S) 1

Buyer

Churchill Downs

Louisville, Kentucky, United States

website


Category Company
Founded 1875
Sector Leisure
Employees5,500
Revenue 1.8B USD (2022)
DESCRIPTION
Entrance to Churchill Downs Racetrack in Louisville, Kentucky.
Entrance to Churchill Downs Racetrack in Louisville, Kentucky.

Churchill Downs owns and operates the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations and a poker room. Churchill Downs was incorporated in 1875 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 13 of 15
Sector (Media) 2 of 2
Type (Add-on Acquisition) 11 of 13
State (Kentucky) 5 of 5
Country (United States) 13 of 15
Year (2022) 2 of 4
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Chasers Poker Room

Salem, New Hampshire, United States

Chasers Poker Room is an operator of a charitable gaming facility that offers poker and a variety of table games. Chasers Poker Room was founded in 2017 and is based in Salem, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Peninsula Pacific Entertainment

LaMotte, Iowa, United States

Peninsula Pacific Entertainment (P2E) operates premium gaming venues by developing, owning, and operating high-quality entertainment and gaming assets across the United States. Peninsula Pacific Entertainment is based in LaMotte, Iowa.

Buy $2.8B