Iowa: Churchill Downs Nears Acquisition of Hard Rock Sioux City
Churchill Downs has won the right to buy the Hard Rock Sioux City casino for $2.75 billion. The company intends to maintain the brand and retain all 350 casino employees. Hard Rancheri will continue to honor the agreement between P2E and Missouri River Historical Development. P 2E receives 4.25% of casino revenue from MRDH.
Churchill Downs is about to buy Hard Rock Sioux City.
Churchill Downs bought Hard Rock Sioux City for $2.75 billion. The company also bought seven racetracks in Virginia and a casino in New York. It is awaiting approval from the New Jersey Gaming Commission. The second-quarter financial results included record net revenues of $582,5 million and record Net Income of $339,3 million. In addition, the company achieved an all-time high Adjusted EBITDA of £291,2 million in the second quarter.