Churchill Downs: Still Rising And Still Overvalued
Nov. 12, 2014, 4:59 PM
- Churchill Downs (NASDAQ:CHDN) enters an agreement to acquire privately-held Big Fish Games in a transaction valued at up to $885M if criteria are met.
- Big Fish is a producer of social and mobile games including the Mystery Case Files series.
- The transaction is expected to close by the end of the year.
Churchill Downs, Inc. operates as a diversified provider of pari-mutuel horseracing, online account wagering on horseracing and casino gaming. It also produces and distributes online and mobile casual games. The company operates through five segments: Racing, Casinos, TwinSpires, Big Fish Games... More
Industry: Gaming Activities
Country: United States
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