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Churchill Downs drops plan to acquire Mississippi casino

10th July 2018 8:08 am GMT

New York-listed racing and gaming operator Churchill Downs Incorporated (CDI) has terminated its agreement to acquire Eldorado Resorts’ Lady Luck Casino Vicksburg in Mississippi.

The company had entered into two separate purchase agreements in February to acquire the Vicksburg casino and Pensylvania’s Presque Isle Downs & Casino in Erie from Eldorado Resorts for $229.5m.

In May both companies received a request for additional information and documentary material pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR [...]

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