Tag: Peninsula Pacific Enterprises

Colonial Downs joins a crowded Churchill Downs Inc. racetrack roster after the gaming giant bought Colonial Downs' parent company for nearly $2.5 billion. (Image: Coady Photography)

Churchill Downs Buys Colonial Downs, Gets Casinos in the Bargain

- 2 min read

Churchill Downs Incorporated (CDI) announced Tuesday it plans to buy the parent company of Colonial Downs, Peninsula Pacific Entertainment (P2E), for $2.485 billion. CDI will fund the deal through a combination of new debt and cash on hand. It is expected to close by the end of 2022. Some of […]

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