Supplier News
US – Churchill Downs completes Exacta takeover
By Phil - 23 August 2023
Churchill Downs has completed its previously-announced purchase of Exacta Systems for total consideration of $250m in cash, subject to certain working capital and other purchase price adjustments.
Exacta is a leading provider of technology to support historical horse racing operations across the country.
CDI said: “Through its ownership of Colonial Downs Racetrack and Rosie’s Gaming Emporium historical racing machin facilities, the transaction will enable CDI to realise significant and immediate synergies related to the company’s Virginia operations. CDI will also realise additional operational improvements over time through the diversification of games available at its HRM facilities. Exacta will operate within the company’s TwinSpires segment and will continue to service its growing portfolio of third-party HHR operators in Kentucky, Wyoming, and New Hampshire.”
