M&A Deal Summary

Churchill Downs Acquires Peninsula Pacific Entertainment

On November 1, 2022, Churchill Downs acquired leisure company Peninsula Pacific Entertainment for 2.8B USD

Acquisition Highlights
  • This is Churchill Downs’ 2nd transaction in the Leisure sector.
  • This is Churchill Downs’ largest (disclosed) transaction.
  • This is Churchill Downs’ 14th transaction in the United States.
  • This is Churchill Downs’ 1st transaction in Iowa.

M&A Deal Summary

Date 2022-11-01
Target Peninsula Pacific Entertainment
Sector Leisure
Buyer(s) Churchill Downs
Deal Type Add-on Acquisition
Deal Value 2.8B USD

Target

Peninsula Pacific Entertainment

LaMotte, Iowa, United States
website
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.

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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 14 of 15
Sector (Leisure) 2 of 2
Type (Add-on Acquisition) 12 of 13
State (Iowa) 1 of 1
Country (United States) 14 of 15
Year (2022) 3 of 4
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 Ellis Park Racing & Gaming

Henderson, Kentucky, United States

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

Buy $79M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Exacta Systems

Boynton Beach, Florida, United States

Exacta Systems is a provider of technology to support historical horse racing (“HHR”) operations, has integrated a diverse set of leading historical racing machine (“HRM”) gaming manufacturers into its HHR platform, including AGS, IGT, Light & Wonder, Everi, Konami and Incredible Technologies. Exacta Systems is based in Boynton Beach, Florida.

Buy $250M