Churchill Downs seeks buyers for nine casinos across eight US states
By The Weekly Edge desk · · Updated
Summary
Churchill Downs is assessing offers for nine casinos across eight US states, reported by PlayUSA. Chief executive Bill Carstanjen said in a September interview that strategic priorities drove the proposed disposals, while the properties continued to perform well. Sale proceeds are expected to reduce debt, although the company has warned that it may not complete every disposal.
Why it matters
The proposed disposals would reduce Churchill Downs’ casino portfolio and provide proceeds to lower debt if completed.