Churchill Downs Incorporated looking to acquire racing and gaming park in Henderson, Ky.

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Churchill Downs Incorporated announced that they have entered an agreement to acquire Ellis Park Racing and Gaming in Henderson, Kentucky.They will be purchasing the business for $79 million in cash, with working capital and other price adjustments subject to change, according to a news release.Watch our coverage of Churchill Downs September Meet in the player above.In addition to adding Ellis Park under its belt, Churchill Downs is also assuming the rights to build a track extension facility in Owensboro as part of the deal.”We are very enthused to welcome Ellis Park to the Churchill Downs racing family,” said Bill Carstanjen, chief executive officer of CDI in a news release. “Our team is committed to building a summer meet at the ‘Pea Patch’ that keeps more Kentucky-bred horses and Kentucky-based trainers’ in their home state while attracting top horse racing talent from across the country to the Bluegrass State each July and August.”The change of control will take place shortly after the transaction is approved by the Kentucky Horse Racing Commission.If the deal goes through, CDI expects to invest a total of $75 million into the communities of Henderson and Daviess counties.Ellis Park is just north of the Ohio River and south of Evansville and is known for its summer thoroughbred racing. The park celebrated 100 years of racing in 2022.

Churchill Downs Incorporated announced that they have entered an agreement to acquire Ellis Park Racing and Gaming in Henderson, Kentucky.

They will be purchasing the business for $79 million in cash, with working capital and other price adjustments subject to change, according to a news release.

Watch our coverage of Churchill Downs September Meet in the player above.

In addition to adding Ellis Park under its belt, Churchill Downs is also assuming the rights to build a track extension facility in Owensboro as part of the deal.

“We are very enthused to welcome Ellis Park to the Churchill Downs racing family,” said Bill Carstanjen, chief executive officer of CDI in a news release. “Our team is committed to building a summer meet at the ‘Pea Patch’ that keeps more Kentucky-bred horses and Kentucky-based trainers’ in their home state while attracting top horse racing talent from across the country to the Bluegrass State each July and August.”

The change of control will take place shortly after the transaction is approved by the Kentucky Horse Racing Commission.

If the deal goes through, CDI expects to invest a total of $75 million into the communities of Henderson and Daviess counties.

Ellis Park is just north of the Ohio River and south of Evansville and is known for its summer thoroughbred racing. The park celebrated 100 years of racing in 2022.



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