![]() ![]() Following closing, Churchill Downs will operate Hard Rock Sioux City and lease the property pursuant to lease terms negotiated prior to the closing. ![]() Churchill Downs will acquire the operating company and lease the Sioux City Property from that third party. Six historical racing facilities, known as Rosie’s Gaming Emporiums, across Virginia that have historical racing machinesĪccording to terms of the transaction, Peninsula Pacific is expected to reach a definitive agreement to sell the real property associated with Hard Rock Sioux City to a third party.Colonial Downs Racetrack in New Kent, Virginia.The del Lago Resort & Casino in Waterloo, N.Y., which includes approximately 1,700 slot machines, 80 table games, a sportsbook, and a 205-room hotel.“Peninsula Pacific has done an exceptional job developing and managing this collection of assets, which we are very excited to acquire and plan to strategically grow in the years ahead.” “This unique set of assets expands our geographic footprint and provides additional scale,” said Churchill Downs CEO Bill Carstanjen in a statement. For a total consideration of $2.485 billion, Churchill Downs will acquire all of Peninsula Pacific’s assets in Virginia and New York, as well as the operations of its Hard Rock Casino & Hotel in Sioux City, Iowa.Ĭhurchill Downs also will acquire the rights to Peninsula Pacific’s ongoing effort, in a partnership with Urban One, to develop ONE Casino + Resort, a $565 million destination casino in Richmond, Virginia. ![]()
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