{"id":62,"date":"2024-06-12T11:59:41","date_gmt":"2024-06-12T08:59:41","guid":{"rendered":"https:\/\/winadaynodepositbonus.icu\/2024\/06\/12\/churchill-downs-acquires-peninsula-pacific-entertainment-in-a-multi-billion-dollar-deal\/"},"modified":"2024-06-13T12:05:26","modified_gmt":"2024-06-13T09:05:26","slug":"churchill-downs-acquires-peninsula-pacific-entertainment-in-a-multi-billion-dollar-deal","status":"publish","type":"post","link":"https:\/\/winadaynodepositbonus.icu\/2024\/06\/12\/churchill-downs-acquires-peninsula-pacific-entertainment-in-a-multi-billion-dollar-deal\/","title":{"rendered":"Churchill Downs Acquires Peninsula Pacific Entertainment in a Multi-Billion Dollar Deal"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/s62-T55978A\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The racing and gaming powerhouse, Churchill Downs Incorporated, is significantly expanding its reach. They&#8217;ve agreed to purchase a majority stake in Peninsula Pacific Entertainment, also known as P2E, for a hefty sum of $2.5 billion. This positions Churchill Downs as the dominant force in Virginia racing, granting them control of the renowned Colonial Downs racetrack and its network of six off-track betting venues.<\/p>\n<p>However, the acquisition doesn&#8217;t stop there. This agreement also provides them with ownership of the del Lago Resort &#038; Casino in New York, a sprawling establishment boasting over 1,700 slot machines, 80 table games, and lodging accommodations. Additionally, they&#8217;re gaining possession of the Hard Rock Hotel &#038; Casino in Sioux City, Iowa, celebrated for its vibrant gaming area and hotel.<\/p>\n<p>This calculated maneuver by Churchill Downs reinforces their standing as a frontrunner in the horse racing industry and enables them to penetrate new markets through well-established casino holdings. <\/p>\n<p>Winston Churchill disclosed that should P2E fail to reach an accord with an outside entity, the Sioux City assets will be incorporated into CDI&#8217;s purchase strategy, elevating the overall transaction to a substantial $2.75 billion. He further noted that customary completion prerequisites must be fulfilled, encompassing approval from the Virginia Racing Commission, the New York State Gaming Commission, and the Iowa Racing and Gaming Commission.  Assuming a seamless process, the agreement is anticipated to conclude by late 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The racing and gaming powerhouse, Churchill Downs Incorporated, is significantly expanding its reach. They&#8217;ve agreed to purchase a majority stake in Peninsula Pacific Entertainment, also known as P2E, for a hefty sum of $2.5 billion. This positions Churchill Downs as the dominant force in Virginia racing, granting them control of the renowned Colonial Downs racetrack [&hellip;]<\/p>\n","protected":false},"author":53,"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 Goes All-In: Acquires P2E for $2.5 Billion!<\/title>\n<meta name=\"description\" content=\"Hold your horses! Churchill Downs just made a HUGE move, dropping $2.5 billion to acquire a majority stake in Peninsula Pacific Entertainment (P2E). This changes the game for Virginia racing, but what else is in store?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/12\/churchill-downs-acquires-peninsula-pacific-entertainment-in-a-multi-billion-dollar-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Churchill Downs Acquires Peninsula Pacific Entertainment in a Multi-Billion Dollar Deal\" \/>\n<meta property=\"og:description\" content=\"Hold your horses! Churchill Downs just made a HUGE move, dropping $2.5 billion to acquire a majority stake in Peninsula Pacific Entertainment (P2E). 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