CDI hails P2E acquisition impact as revenue hits record $559.5m in Q1
Churchill Downs Incorporated (CDI) said its acquisition of properties from Peninsula Pacific Entertainment (P2E) helped drive the operator to record net revenue in the first quarter.
The operator completed the purchase of substantially all assets in P2E in November last year, having initially agreed a deal in February.
The arrangement included all of P2E’s assets and operations in Virginia, New York and Sioux City, Iowa, with these now operating as part of the enlarged CDI network across the US.