All forward-looking statements made in this press release are made pursuant to the Act. The Private Securities Litigation Reform Act of 1995 (the “Act”) provides certain “safe harbor” provisions for forward-looking statements. Additional information about CDI can be found online at Information set forth in this press release contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

real money online gaming and sports betting markets. We have launched our BetAmerica Sportsbook at our two Mississippi casino properties and have announced our plans to enter additional U.S. We are also a leader in brick-and-mortar casino gaming with approximately 8,000 gaming positions in six states. SHRI has agreed to grant CDI and its affiliates exclusive rights to operate internet real-money sports betting and real-money iGaming on behalf of SHRI in New York and Colorado for a period of fifteen years from the date of the Liquidation Agreement should such states permit SHRI to engage in sports betting and iGaming, subject to payment of commercially reasonable royalties to SHRI.Ĭhurchill Downs Incorporated ('CDI') (Nasdaq: CHDN), headquartered in Louisville, Ky., is an industry-leading racing, gaming and online entertainment company anchored by our iconic flagship event - The Kentucky Derby. We are the largest legal online account wagering platform for horseracing in the U.S., through our ownership of. CDI now owns 100% of Ocean Downs and has no equity interest or management involvement in Saratoga New York or Saratoga Colorado. CDI has, in effect, acquired 37.5% of Ocean Downs because it had indirectly owned an additional 12.5% of Ocean Downs through its 25% ownership interest in SCH. (“SHRI”) to liquidate CDI’s 25% equity stake in SCH in exchange for the remaining 50% interest in Ocean Downs held by SCH. SCH is the parent company of Saratoga Casino Hotel in Saratoga Springs, New York (“Saratoga New York”) and Saratoga Casino Black Hawk in Black Hawk, Colorado (“Saratoga Colorado”).Īs previously announced, CDI entered into a tax-efficient partial liquidation agreement (the “Liquidation Agreement”) with Saratoga Harness Racing, Inc. 04, 2018 (GLOBE NEWSWIRE) - Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) today announced that it has closed the previously announced acquisition of the remaining 50% ownership of the Casino at Ocean Downs and Ocean Downs Racetrack located in Berlin, Maryland (“Ocean Downs”) owned by Saratoga Casino Holdings LLC (“SCH”) in exchange for CDI’s 25% equity interest in SCH.

Casino at ocean downs acquisition