{"id":145,"date":"2024-06-16T10:05:53","date_gmt":"2024-06-16T07:05:53","guid":{"rendered":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/16\/churchill-downs-acquires-exacta-systems-in-250-million-deal-to-expand-historical-horse-racing-footprint\/"},"modified":"2024-06-17T12:57:36","modified_gmt":"2024-06-17T09:57:36","slug":"churchill-downs-acquires-exacta-systems-in-250-million-deal-to-expand-historical-horse-racing-footprint","status":"publish","type":"post","link":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/16\/churchill-downs-acquires-exacta-systems-in-250-million-deal-to-expand-historical-horse-racing-footprint\/","title":{"rendered":"Churchill Downs Acquires Exacta Systems in $250 Million Deal to Expand Historical Horse Racing Footprint"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/EsrVL4j-OkY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The renowned Churchill Downs Incorporated is solidifying its presence in the dynamic realm of historical horse racing (HHR) through a significant acquisition.  They are purchasing Exacta Systems, a prominent technology supplier for HHR ventures, in a transaction valued at an impressive $250 million.<\/p>\n<p>This calculated acquisition represents a pivotal moment for Churchill Downs, enabling them to capitalize on synergies with their recent procurement of Colonial Downs Racetrack and Rosie&#8217;s Gaming Emporium in the state of Virginia. Exacta&#8217;s state-of-the-art system integrates offerings from premier HHR machine creators such as AGS, IGT, and Light &#038; Wonder, delivering patrons an unmatched gaming encounter.<\/p>\n<p>Given Exacta&#8217;s existing role in powering HHR activities across crucial states like Virginia, Kentucky, Wyoming, and New Hampshire, this agreement broadens Churchill Downs&#8217; scope and underscores its dedication to the expanding HHR sector.  Churchill Downs Chief Executive Officer Bill Carstanjen expressed enthusiasm, noting that Exacta has served as a catalyst in the remarkable ascent of the HHR industry over the preceding ten years.  He envisions amplifying Exacta&#8217;s national presence and enriching the gaming choices accessible to patrons at HHR venues nationwide.<\/p>\n<p>This acquisition transcends mere expansion; it constitutes a shrewd financial maneuver as well.  Structured as an asset transaction for taxation purposes, the agreement unlocks supplementary tax advantages for Churchill Downs, bolstering cash flow and enhancing its profitability. <\/p>\n<p>The famed racetrack is leveraging its available funds and securing credit to acquire the business.  Regulatory approval is anticipated to finalize the transaction sometime in 2023. <\/p>\n<p>This development follows closely on Churchill Downs reporting historically high profits (adjusted) of $163.2 million during the recent quarter, despite a minor decrease in overall income. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The renowned Churchill Downs Incorporated is solidifying its presence in the dynamic realm of historical horse racing (HHR) through a significant acquisition. They are purchasing Exacta Systems, a prominent technology&hellip;<\/p>\n","protected":false},"author":28,"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 Makes a $250 Million Bet on Historical Horse Racing<\/title>\n<meta name=\"description\" content=\"Churchill Downs Incorporated doubles down on the exciting world of HHR by acquiring Exacta Systems. This strategic move promises to shake up the industry. 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