After revealing in late February that it had concurred an offer that would certainly see it invest $229.5 million to obtain the Presque Island Downs and Casino in Pennsylvania and Mississippi's Woman Good luck Casino Vicksburg (pictured), Louisville-headquartered Churchill Downs Inc. (CDI) (Nasdaq:CHDN) apparently will not be purchasing the Vicksburg casino besides.
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Inning accordance with the official news release, the sale of the Vicksburg, Mississippi casino owned and operated by Reno, Nevada-based Eldorado Hotels, Inc. (ERI) is ended because of antitrust concerns and the sale of Erie, Pennsylvania location is changed, with ERI consenting to pay to ERI a $5.0 million discontinuation charge.
The February 28, 2018 announcement by CDI informed that it had entered right into both separate conclusive possession purchase contracts for a total cash factor to consider of $229.5 million, with the Presque Island deal reflecting a purchase price of $178.9 million, which the Kentucky firm will wage.
The $51 million purchase of Woman Good luck having actually been terminated, CDI will rather appearance to run the Woman Good luck Casino Nemacolin in Farmington, Pennsylvania for a cash factor to consider of $100,000; the move says Eldorado will provide it with tax obligation benefits.
Churchill Downs Inc. has Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as casino procedures in Miami Yards, Fla.; racetrack, casino and video clip poker procedures in New Orleans, La.; racetrack procedures in Arlington Elevations, Sick.; a casino hotel in Greenville, Miss out on.; Vicksburg's Riverwalk Casino Resort in Vicksburg, Miss out on.; a casino in Oxford, Maine; and a half stae in Miami Valley Video pc gaming and Racing LLC, in Lebanon, Ohio.
Opened up on July 12, 1994, Woman Good luck Casino Vicksburg's 25,000-square-foot casino features an 89-room resort, 3 dining establishments, one bar, 600 slot and video clip poker devices and 8 table video games.
