M&A Deal Summary

Churchill Downs Acquires Turfway Park

On October 3, 2019, Churchill Downs acquired media company Turfway Park from Jack Entertainment for 46M USD

Acquisition Highlights
  • This is Churchill Downs’ 1st transaction in the Media sector.
  • This is Churchill Downs’ 8th largest (disclosed) transaction.
  • This is Churchill Downs’ 11th transaction in the United States.
  • This is Churchill Downs’ 4th transaction in Kentucky.

M&A Deal Summary
Date 2019-10-03
Target Turfway Park
Sector Media
Buyer(s) Churchill Downs
Sellers(s) Jack Entertainment
Deal Type Divestiture
Deal Value 46M USD

Target

Turfway Park

Florence, Kentucky, United States
Turfway Park is a Thoroughbred racetrack in Florence, Kentucky. Turfway offers live racing from December through March, simulcast racing year-round and group sales and catering services year-round. Home of the Spiral Stakes.

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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 11 of 15
Sector (Media) 1 of 2
Type (Divestiture) 2 of 2
State (Kentucky) 4 of 5
Country (United States) 11 of 15
Year (2019) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Rivers Casino

Des Plaines, Illinois, United States

Rivers Casino LLC is an operator of a casino and provider of a wide array of opportunities for professional growth and development.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Jack Entertainment

Detroit, Michigan, United States
Category Company
Sector Gaming
DESCRIPTION

Jack Entertainment LLC is an urban gaming company focused on the development of gaming facilities that are designed to maximize connectivity and economic impact in the local areas where they reside. JACK Entertainment includes over 4,000 team members, 40 bars and restaurants, 375,000 square feet of gaming space.

DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Divestiture) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-05 JACK Cincinnati Casino

Cincinnati, Ohio, United States

Jack Cincinnati Casino is a casino in Cincinnati, Ohio.

Sell $780M
Mergr

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