Churchill Downs Incorporated (CDI) is now the proud owner of Ellis Park Racing & Gaming in Henderson, Kentucky.
The company has completed a $79m deal to purchase Ellis Park from Enchantment Holdings, an affiliate of Laguna Development Corporation.
Both parties entered into a definitive agreement earlier this month, but their deal’s success was contingent upon receiving approval from the Kentucky Horse Racing Commission (KHRC).
This has since been granted, allowing Churchill and Enchantment to complete their transaction, which was funded with cash on hand and through CDI’s existing credit facility.