M&A Deal Summary

The Stronach Group Acquires Rosecroft Raceway

On May 16, 2016, The Stronach Group acquired leisure company Rosecroft Raceway from PENN Entertainment

Acquisition Highlights
  • This is The Stronach Group’s 1st transaction in the Leisure sector.
  • This is The Stronach Group’s 1st transaction in the United States.
  • This is The Stronach Group’s 1st transaction in Maryland.

M&A Deal Summary
Date 2016-05-16
Target Rosecroft Raceway
Sector Leisure
Buyer(s) The Stronach Group
Sellers(s) PENN Entertainment
Deal Type Divestiture

Target

Rosecroft Raceway

Fort Washington, Maryland, United States
Rosecroft Raceway is a provider of racetracks.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

The Stronach Group

Aurora, Ontario, Canada
Category Company
Founded 1999
Sector Leisure
DESCRIPTION

The Stronach Group is a horse racetrack operators and suppliers of pari-mutuel wagering technology. Stronach offers customers the thrill and excitement of live thoroughbred racing and wagering at racetracks.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

PENN Entertainment

Wyomissing, Pennsylvania, United States
Category Company
Founded 1972
Sector Gaming
Employees23,333
Revenue 6.4B USD (2023)
DESCRIPTION

PENN Entertainment owns, operates and has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. PENN Entertainment was founded in 1972 and is based in Wyomissing, Pennsylvania.

DEAL STATS #
Overall 1 of 3
Sector (Leisure) 1 of 2
Type (Divestiture) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Illinois Gaming Investors

Hinsdale, Illinois, United States

Prairie State Gaming is a video gaming terminal operator. PSG’s operations include more than 1,100 gaming terminals across a network of 270 bar and retail gaming establishments throughout the state.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 Rocket Games

San Francisco, California, United States

Rocket Games, Inc. is a social casino game developer operating primarily in the North American market.

Buy $60M
Mergr

Product

Company

Legal