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CDI expands gaming business with $138m acquisition

14th September 2010 8:52 am GMT

Having recently completed its acquisition of fellow online wagering service Youbet.com, Churchill Downs Incorporated (CDI) announced this week that it has entered into a definitive purchase agreement to acquire Harlow’s Casino Resort & Hotel in Mississippi for US$138m.

Under the terms of the agreement, CDI will pay the purchase price in cash, which is expected to be funded from available cash on hand and CDI’s revolving credit facility.  The transaction is subject to receipt of regulatory [...]

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