Churchill Downs agrees to sell lot near Calder Casino for $291 million
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Churchill Downs announced the signing of a deal to sell 115.7 acres of land near Florida’s Calder Casino for $291 million.
Churchill Downs sells lot near Calder Casino. Link Logistics, a logistics real estate investment trust founded by Blackstone, will manage the sale. The company plans to use the proceeds to invest in replacement property. It will retain ownership of 54 acres of the current 170-acre parcel of land on which the company’s wholly-owned Calder casino is located.
Churchill Downs agrees to sell lot near Calder Casino for $291 million. Net gaming revenue increased 16.3 percent to $393 million (2020: £337.8 million). Net income increased 42.1 percent ( 2020: $61.4 million) and adjusted EBITDA increased 28 percent from $121.9 million to $156. 1 million in the third quarter. The gaming segment took the lion's share with revenue of $185.6 million, up 27. 9 percent.
