{"id":199,"date":"2024-06-18T03:39:45","date_gmt":"2024-06-18T00:39:45","guid":{"rendered":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/"},"modified":"2024-06-20T17:14:34","modified_gmt":"2024-06-20T14:14:34","slug":"churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal","status":"publish","type":"post","link":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/","title":{"rendered":"Churchill Downs to Acquire Peninsula Pacific Entertainment in $2.5 Billion Deal"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/enP_70zugv4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The renowned company Churchill Downs Incorporated, famous for hosting the Kentucky Derby, is significantly expanding its gaming empire. In a major deal worth a staggering $2.5 billion, the company will purchase a majority stake in Peninsula Pacific Entertainment&#8217;s (P2E) holdings. This acquisition will give Churchill Downs a foothold in the lucrative markets of Virginia, New York, and Iowa.<\/p>\n<p>A key component of this purchase is the historic Colonial Downs Racetrack situated in New Kent County, Virginia.  In addition to the track, Churchill Downs will gain control of six off-track betting venues within Virginia, cementing its dominance in the world of horse racing.<\/p>\n<p>The agreement also encompasses the del Lago Resort &#038; Casino in Waterloo, New York. This sprawling complex features a vast gaming area with slot machines, table games, a hotel, and a dedicated sports betting section. <\/p>\n<p>Furthermore, Churchill Downs will assume management of the Hard Rock Hotel &#038; Casino in Sioux City, Iowa. This vibrant venue provides a more personalized gaming atmosphere with slots, table games, and hotel accommodations. <\/p>\n<p>In an intriguing twist, the real estate connected to the Hard Rock Sioux City will be sold to an outside buyer, with Churchill Downs leasing it back. This calculated maneuver allows the company to concentrate on its core competency \u2013 delivering exceptional gaming experiences. <\/p>\n<p>Should Churchill Downs Incorporated (CDI) fail to solidify a deal with the existing manager of the Sioux City gaming establishment, they are prepared to acquire the entire property. This action would elevate the total purchase amount to $2.75 billion.<\/p>\n<p>CDI also indicated the necessity of approvals from several racing regulatory bodies \u2013 specifically Virginia, New York, and Iowa \u2013 prior to concluding the transaction. <\/p>\n<p>The anticipated completion date for the agreement is before the end of 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The renowned company Churchill Downs Incorporated, famous for hosting the Kentucky Derby, is significantly expanding&#8230;<\/p>\n","protected":false},"author":86,"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 Bets Big: $2.5B Expansion into New Markets<\/title>\n<meta name=\"description\" content=\"The Kentucky Derby\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Churchill Downs to Acquire Peninsula Pacific Entertainment in $2.5 Billion Deal\" \/>\n<meta property=\"og:description\" content=\"The Kentucky Derby\" \/>\n<meta property=\"og:url\" content=\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Secrets of Casino Mastery | Tips &amp; Licensed Games\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-18T00:39:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:14:34+00:00\" \/>\n<meta name=\"author\" content=\"Autumn &quot;Amber&quot; Gallagher\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Autumn &quot;Amber&quot; Gallagher\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/\",\"url\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/\",\"name\":\"Churchill Downs Bets Big: $2.5B Expansion into New Markets\",\"isPartOf\":{\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-18T00:39:45+00:00\",\"dateModified\":\"2024-06-20T14:14:34+00:00\",\"author\":{\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/#\/schema\/person\/580d78321a973dfc7afde6a8d77ca223\"},\"description\":\"The Kentucky Derby\",\"breadcrumb\":{\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/18\/churchill-downs-to-acquire-peninsula-pacific-entertainment-in-2-5-billion-deal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Churchill Downs to Acquire Peninsula Pacific Entertainment in $2.5 Billion Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/\",\"name\":\"Discover the Secrets of Casino Mastery | Tips &amp; Licensed Games\",\"description\":\"Stay informed and elevate your gambling experience with our fresh casino news, in-depth reviews, and expert articles. 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