Churchill Downs Mergers and Acquisitions Summary

LeisureCompany

Churchill Downs has acquired 12 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Churchill Downs’ largest acquisition to date was in 2014, when it acquired Big Fish Games for $885M. Churchill Downs has acquired in 8 different US states. The Company’s most targeted sectors include gaming (34%) and internet software and services (25%).

Join Mergr and gain access to Churchill Downs’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the leisure sector.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity12
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Churchill Downs

Churchill Downs Inc.

600 North Hurstbourne Parkway Suite 400,
Louisville, Kentucky 40222
United States,
(502) 636-4400
www.churchilldownsincorporated.com

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 founded in 1928 and is based in Louisville, Kentucky.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.6/yr) # 9 1 1 - - 1 12
vol $1.3B $46M $1.4B
Sell (0.0/yr) # - - - - - - 0
  12

Most Recent M&A

Company Date Value Type
Chasers Poker Room 2022-03-22 - Add-on Acquisition
Salem, New Hampshire · www.chaserspoker.com
Turfway Park 2019-10-03 46M USD Divestiture
Florence, Kentucky · www.turfway.com
Rivers Casino LLC 2018-10-31 - Add-on Acquisition
Des Plaines, Illinois · www.riverscasino.com
Big Fish Games, Inc. 2014-12-16 885M USD Add-on Acquisition
Seattle, Washington · www.bigfishgames.com
Oxford Casino 2013-03-29 160M USD Divestiture
Oxford, Maine · www.oxfordcasino.com
Riverwalk Casino Hotel 2012-10-05 141M USD Add-on Acquisition
Vicksburg, Mississippi · www.riverwalkvicksburg.com
Bluff Media 2012-02-10 - Add-on Acquisition
Atlanta, Georgia
Harlow's Casino Resort & Hotel 2010-09-13 138M USD Add-on Acquisition
Greenville, Mississippi · www.harlowscasino.com
TwinSpires, Inc. (Formerly Youbet.com) 2010-06-02 - Add-on Acquisition
Lexington, Kentucky · www.twinspires.com
Thoroughbred Sports Network, Inc. 2007-06-12 - Add-on Acquisition
Lexington, Kentucky · www.tsnhorse.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Gaming 4 (33%) 279M (20%) - -
Internet Software and Services 3 (25%) - - -
Business Services 1 (8%) - - -
Digital Media 1 (8%) 885M (65%) - -
Leisure 1 (8%) 160M (12%) - -
Media 1 (8%) 46M (3%) - -
Publishing 1 (8%) - - -
Total 12 $1.4B - -

By Geo

State/Country Buy Value Sell Value
United States 12 1.4B - -
  Kentucky 4 46M - -
  Mississippi 2 279M - -
  Washington 1 885M - -
  Ohio 1 - - -
  New Hampshire 1 - - -
  Maine 1 160M - -
  Illinois 1 - - -
  Georgia 1 - - -
Total 12 $1.4B - -

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
1
Legal Deals
Sidley Austin LLP
2

Deal Values

buy # Total
$100M to $1B 4 $1.3B
< $100M 1 $46M
TOTAL $1.4B
Largest Big Fish Games, Inc.
$885M (2014-12-16)

M&A Connections

Deals
Acquired from
Investor(s)
17%
2 (17%)
Strategic(s)
17%
2 (17%)

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