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December 21, 2012
11:57 EDTCHDNChurchill Downs venture completes purchase of harness racing licenses
Miami Valley Gaming & Racing, a joint venture of Delaware North Companies Gaming & Entertainment and Churchill Downs (CHDN), said it completed its purchase of the harness racing licenses and certain assets held by Lebanon Trotting Club and Miami Valley Trotting. The new facility is expected to open in the first quarter of 2014. The purchase was contingent upon the approval of the partnership's respective applications to the Ohio Lottery Commission and the Ohio State Racing Commission. The Ohio State Racing Commission approved the joint venture's racing license and application to relocate the raceway on Dec. 13, 2012. The Ohio Lottery Commission conditionally approved Miami Valley Gaming & Racing's application for its video lottery sales agent license on Dec. 19, 2012.
News For CHDN From The Last 14 Days
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November 19, 2015
16:42 EDTCHDNChurchill Downs announces privately negotiated share repurchase
Churchill Downs announced that it has repurchased 944,756 shares of its common stock from The Duchossois Group in a privately negotiated transaction. The aggregate purchase price was $138.1M, which represents a share price of $146.13 based on the average of the 20-day trailing closing price for the Shares through November 18, 2015.CDI's Board of Directors authorized the transaction under its existing $150M share repurchase plan that was announced on October 28. After this transaction is completed, CDI will have $11.9M remaining under its existing share repurchase plan. CDI repurchased the Shares using available cash and borrowings under its senior secured credit facility.

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