{"id":146,"date":"2024-06-16T09:51:50","date_gmt":"2024-06-16T06:51:50","guid":{"rendered":"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/16\/churchill-downs-incorporated-expands-footprint-with-2-5-billion-acquisition-of-peninsula-pacific-entertainment\/"},"modified":"2024-06-17T12:51:51","modified_gmt":"2024-06-17T09:51:51","slug":"churchill-downs-incorporated-expands-footprint-with-2-5-billion-acquisition-of-peninsula-pacific-entertainment","status":"publish","type":"post","link":"https:\/\/100freespinsnodepositbookofdead.icu\/2024\/06\/16\/churchill-downs-incorporated-expands-footprint-with-2-5-billion-acquisition-of-peninsula-pacific-entertainment\/","title":{"rendered":"Churchill Downs Incorporated Expands Footprint with $2.5 Billion Acquisition of Peninsula Pacific Entertainment"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/qBmpxY6a2tg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Churchill Downs Incorporated (CDI) has considerably broadened its reach through a $2.5 billion purchase of Peninsula Pacific Entertainment (P2E). This transaction encompasses a portfolio of casinos and gambling venues in Virginia, New York, and Iowa. <\/p>\n<p>Bill Carstanjen, the Chief Executive Officer of CDI, described the acquisition as a &#8220;game-changing prospect&#8221; for the organization, stating that they are eager to integrate the seasoned staff from these well-established locations into the Churchill Downs team.<\/p>\n<p>Included in the acquired assets are the Colonial Downs Racetrack situated in New Kent, Virginia, a half-dozen Rosie&#8217;s Gaming Emporium historical horse racing establishments throughout Virginia, the del Lago Resort &#038; Casino in Waterloo, New York, and the Hard Rock Hotel &#038; Casino located in Sioux City, Iowa. <\/p>\n<p>The purchase broadens CDI&#8217;s reach in Virginia, providing them the opportunity to establish over five new historic horse racing (HHR) venues. This encompasses a potentially substantial location in Dumfries, with the capacity for up to 1,800 HHR terminals. <\/p>\n<p>Cementing their presence further, CDI also receives approval for a new HHR entertainment destination in Emporia, accommodating 150 machines.  Enhancing their holdings is a partnership with Urban One to create the ambitious ONE Casino + Resort in Richmond \u2013 a $5.65 billion endeavor.<\/p>\n<p>This announcement follows CDI&#8217;s recent third-quarter financial report.  Although they encountered a minor decline in net income (2.5% reduction), their adjusted EBITDA demonstrated positive movement, rising by 4.5%.  Despite this increase, the company&#8217;s total revenue witnessed a year-over-year drop of roughly $10 million. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Churchill Downs Incorporated (CDI) has considerably broadened its reach through a $2.5 billion purchase of Peninsula Pacific Entertainment (P2E). This transaction encompasses a portfolio of casinos and gambling venues in Virginia, New York, and Iowa. Bill Carstanjen, the Chief Executive Officer of CDI, described the acquisition as a &#8220;game-changing prospect&#8221; for the organization, stating that [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Churchill Downs Goes All In: $2.5 Billion Casino Deal<\/title>\n<meta name=\"description\" content=\"Churchill Downs just made a HUGE move, dropping $2.5 billion to acquire casinos and gambling venues across the US. 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