US racetrack and casino operator Churchill Downs Incorporated (CDI) is set to enter the regulated Pennsylvanian iGaming market following a deal to acquire Presque Isle Downs & Casino.

The company has entered into two separate definitive purchase agreements with Eldorado Resorts to acquire Pennsylvania's Presque Isle Downs & Casino in Erie, and Lady Luck Casino in Vicksburg, Mississippi, for total cost of approximately $229.5m in cash.

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