{"id":99,"date":"2024-06-14T04:54:06","date_gmt":"2024-06-14T01:54:06","guid":{"rendered":"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/14\/cdi-strikes-gold-acquires-p2e-holdings-for-2-75-billion-expands-footprint-in-key-markets\/"},"modified":"2024-06-17T13:21:21","modified_gmt":"2024-06-17T10:21:21","slug":"cdi-strikes-gold-acquires-p2e-holdings-for-2-75-billion-expands-footprint-in-key-markets","status":"publish","type":"post","link":"https:\/\/funclubcasinonodepositbonus.icu\/2024\/06\/14\/cdi-strikes-gold-acquires-p2e-holdings-for-2-75-billion-expands-footprint-in-key-markets\/","title":{"rendered":"CDI Strikes Gold: Acquires P2E Holdings for $2.75 Billion, Expands Footprint in Key Markets"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/e6JKDuCLFzM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Churchill Downs Incorporated (CDI) just struck gold, acquiring a substantial portion of Peninsula Pacific Entertainment&#8217;s (P2E) holdings for a hefty $2.75 billion. This transaction significantly expands CDI&#8217;s presence in Virginia, New York, and Iowa.  With regulatory approvals secured in all three states, the company is poised for immediate action.<\/p>\n<p>Bill Carstanjen, CDI&#8217;s Chief Executive Officer, expressed immense enthusiasm for the acquisition. He views it as a transformative step for the organization, unlocking promising opportunities in highly desirable markets.  The agreement encompasses several prominent gaming establishments: Colonial Downs Racetrack in New Kent, Virginia; six Rosie&#8217;s Gaming Emporium venues (also in Virginia); del Lago Resort &#038; Casino in Waterloo, New York; and Hard Rock Hotel &#038; Casino in Sioux City, Iowa.  CDI appears ready to establish a dominant position in these new territories. <\/p>\n<p>The purchase brings some enticing bonuses. Imagine this: the possibility of over five new historic horse racing (HHR) venues in Virginia.  Plus, it grants the ability to construct a completely new HHR entertainment complex in Dumfries, Virginia, potentially housing a massive 1,800 HHR machines.<\/p>\n<p>But hold on, there&#8217;s more!  The agreement also encompasses development rights for another HHR location in Emporia, Virginia, accommodating up to 150 machines.  Here&#8217;s the clincher: P2E is joining forces with Urban One to create ONE Casino + Resort in Richmond, Virginia. We&#8217;re talking about a colossal $565 million casino resort endeavor.<\/p>\n<p>Recently, CDI announced that despite a minor decrease in their net income (2.5% to be precise), their adjusted EBITDA for the third quarter actually increased by 4.5%.  Their revenue experienced a slight decline, dropping approximately $10 million compared to the previous year, going from $393 million to $383.1 million. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Churchill Downs Incorporated (CDI) just struck gold, acquiring a substantial portion of Peninsula Pacific Entertainment&#8217;s (P2E) holdings for a hefty $2.75 billion. This transaction significantly expands CDI&#8217;s presence in Virginia, New York, and Iowa. With regulatory approvals secured in all three states, the company is poised for immediate action. Bill Carstanjen, CDI&#8217;s Chief Executive Officer, [&hellip;]<\/p>\n","protected":false},"author":81,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CDI Strikes Gold: Acquires P2E Holdings for $2.75 Billion<\/title>\n<meta name=\"description\" content=\"Churchill Downs Incorporated expands its footprint with a major acquisition of Peninsula Pacific Entertainment. This transformative deal impacts Virginia, New York, and Iowa gaming. 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