M&A Deal Summary

Churchill Downs Acquires TwinSpires

On June 2, 2010, Churchill Downs acquired business services company TwinSpires

Acquisition Highlights
  • This is Churchill Downs’ 1st transaction in the Business Services sector.
  • This is Churchill Downs’ 4th transaction in the United States.
  • This is Churchill Downs’ 3rd transaction in Kentucky.

M&A Deal Summary
Date 2010-06-02
Target TwinSpires
Sector Business Services
Buyer(s) Churchill Downs
Deal Type Add-on Acquisition

Target

TwinSpires

Lexington, Kentucky, United States
TwinSpires is the Official online wagering site of Churchill Downs and the Kentucky Derby, players are able to wager on virtually every Thoroughbred, Harness and Quarter Horse race from venues across the globe.

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Buyer(S) 1

Buyer

Churchill Downs

Louisville, Kentucky, United States
Category Company
Founded 1875
Sector Leisure
Employees5,660
Revenue 2.5B USD (2023)
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 4 of 15
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 4 of 13
State (Kentucky) 3 of 5
Country (United States) 4 of 15
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-12 Thoroughbred Sports Network

Lexington, Kentucky, United States

Thoroughbred Sports Network, Inc. is a provider of online information services to the horse breeders and horse racing industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-13 Harlow s Casino Resort & Hotel

Greenville, Mississippi, United States

Harlows is a 132-room suite hotel and casino located strategically near the $1.5 billion Mississippi River Counties Market. The casino's target market includes a local population of approximately 1.3 million and an estimated 2.7 million vehicles that cross the casino's strategic location.

Buy $138M
Mergr

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