The Churchill Downs Completes Acquisition Of Excta Systems

Churchill Downs Corporation announced yesterday that the company has completed its previously announced purchase of Exacta Systems, LLC, taking into account $250 million in cash, subject to constant working capital and other purchase price adjustments.

Ekta is a leading technology supplier that supports historical horse racing (HHR) operations across the country. The ownership of Colonial Downs racetrack and Rosyth Gaming Emporium Historic Racing Machine (HRM) facilities enables CDI to realize significant and immediate synergies associated with the company’s Virginia operations.

CDI will also realize further operational improvements over time through the diversification of games available in HRM facilities. Excta will operate within the company’s TwinSpires division and will continue to serve its growing portfolio of third-party HHR operators in Kentucky, Wyoming and New Hampshire.

The transaction was financed by cash on hand and the company’s existing credit facilities. 슬롯머신

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