{"id":216,"date":"2024-06-19T12:13:53","date_gmt":"2024-06-19T09:13:53","guid":{"rendered":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/19\/churchill-downs-makes-a-2-5-billion-power-play-with-peninsula-pacific-entertainment-acquisition\/"},"modified":"2024-06-20T17:15:37","modified_gmt":"2024-06-20T14:15:37","slug":"churchill-downs-makes-a-2-5-billion-power-play-with-peninsula-pacific-entertainment-acquisition","status":"publish","type":"post","link":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/19\/churchill-downs-makes-a-2-5-billion-power-play-with-peninsula-pacific-entertainment-acquisition\/","title":{"rendered":"Churchill Downs Makes a $2.5 Billion Power Play with Peninsula Pacific Entertainment Acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/EWn71G54H14\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The horse racing and casino realm is about to see a major power play as Churchill Downs Incorporated steps up to purchase a significant portion of Peninsula Pacific Entertainment (P2E) for a hefty sum of $2.5 billion.<\/p>\n<p>This strategic takeover is a considerable victory for Churchill Downs, granting them authority over several desirable establishments.  Colonial Downs Racetrack in New Kent, Virginia, will fall under their purview, in addition to six other historic horse racing locations within the state. This maneuver solidifies Churchill Downs&#8217; standing as a dominant force in the equine racing sector nationwide.<\/p>\n<p>However, the acquisition doesn&#8217;t stop there! Churchill Downs is also gaining control of del Lago Resort &#038; Casino in Waterloo, New York. This gaming destination is a haven for players, featuring more than 1,700 slot machines and 80 table games.  Furthermore, it boasts a 205-room hotel, a sportsbook, and various other attractions.<\/p>\n<p>And to top it off, they&#8217;re assuming management of the Hard Rock Hotel &#038; Casino in Sioux City, Iowa. This establishment boasts an expansive gaming floor with slots, table games, and lodging accommodations. <\/p>\n<p>The Hard Rock property transaction involves a slight intricacy. P2E is anticipated to divest the physical property to an outside entity, from which Churchill Downs will lease it while assuming control of the casino&#8217;s operations. <\/p>\n<p>Churchill Downs Incorporated (CDI) will purchase the Sioux City property for $2.75 billion should P2E be unable to reach an agreement with another entity. <\/p>\n<p>The transaction depends on customary closing requirements, such as receiving consent from the Virginia Racing Commission, the New York State Gaming Commission, and the Iowa Racing and Gaming Commission. CDI expects to complete the acquisition before the end of 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The horse racing and casino realm is about to see a major power play as Churchill Downs Incorporated steps up to purchase a significant portion of Peninsula Pacific Entertainment (P2E) for a hefty sum of $2.5 billion. This strategic takeover is a considerable victory for Churchill Downs, granting them authority over several desirable establishments. Colonial [&hellip;]<\/p>\n","protected":false},"author":99,"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 Makes a $2.5 Billion Bet on Peninsula Pacific Entertainment<\/title>\n<meta name=\"description\" content=\"Hold your horses! Churchill Downs is acquiring a chunk of Peninsula Pacific Entertainment for a cool $2.5 billion. 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This means they\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/19\/churchill-downs-makes-a-2-5-billion-power-play-with-peninsula-pacific-entertainment-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Power of Secure &amp; Licensed Online Casino Gaming\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T09:13:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:15:37+00:00\" \/>\n<meta name=\"author\" content=\"Elias &quot;Echo&quot; Hooper\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elias &quot;Echo&quot; Hooper\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/19\/churchill-downs-makes-a-2-5-billion-power-play-with-peninsula-pacific-entertainment-acquisition\/\",\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/19\/churchill-downs-makes-a-2-5-billion-power-play-with-peninsula-pacific-entertainment-acquisition\/\",\"name\":\"Churchill Downs Makes a $2.5 Billion Bet on Peninsula Pacific Entertainment\",\"isPartOf\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-19T09:13:53+00:00\",\"dateModified\":\"2024-06-20T14:15:37+00:00\",\"author\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/896027de51118452b4482b2b1e4d4b2f\"},\"description\":\"Hold your horses! 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