Churchill Downs Incorporated Announces Closing of Acquisition of Remaining 50% Ownership of Ocean Downs in Exchange for Its 25% Interest in Saratoga Casino Hotel and Saratoga Casino Black ...
Churchill Downs, Incorporated (CHDN)
Last churchill downs, incorporated earnings: 4/29 04:07 pm
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ir.churchilldownsincorporated.com
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Source: GlobeNewswire
LOUISVILLE, Ky., Sept. 04, 2018 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) today announced that it has closed the previously announced acquisition of the remaining 50% ownership of the Casino at Ocean Downs and Ocean Downs Racetrack located in Berlin, Maryland (“Ocean Downs”) owned by Saratoga Casino Holdings LLC (“SCH”) in exchange for CDI’s 25% equity interest in SCH. SCH is the parent company of Saratoga Casino Hotel in Saratoga Springs, New York (“Saratoga New York”) and Saratoga Casino Black Hawk in Black Hawk, Colorado (“Saratoga Colorado”). As previously announced, CDI entered into a tax-efficient partial liquidation agreement (the “Liquidation Agreement”) with Saratoga Harness Racing, Inc. (“SHRI”) to liquidate CDI’s 25% equity stake in SCH in exchange for the remaining 50% interest in Ocean Downs held by SCH. CDI has, in effect, acquired 37.5% of Ocean Downs because it had indirectly owned an additional 12.5% of Ocean Downs through its 25% o
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CHDN
Earnings
- 4/24/24 - Beat
CHDN
Sec Filings
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/23/24 - Form 8-K
- CHDN's page on the SEC website