Kambi Group Plc has secured a major US market commercial agreement in becoming the lead betting technology supplier for Churchill Downs Incorporated (CDI) ‘BetAmerica’ sportsbook property. The announcement sees Kambi replace SBTech as BetAmerica’s lead sportsbook technology partner, as CDI’s marquee venture aims to become ‘America’s preeminent racing, online wagering and entertainment company’. Expanding its US footprint, Kambi has secured a …
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Poor Q4 impacts Churchill Downs 2014 net income
Reporting on its full year 2014 results, US racetrack operator Churchill Downs (CDI) recorded higher company revenues but lower net income. CDI posted full year revenues of $812 million up 4% on 2013 $779 million, however CDI 2014 net earnings were down 16% to $46.4 million (FY 2013:$55 million). The racetrack operator had been impacted by a poor final quarter …
Read More »Churchill Downs to acquire Big Fish Games for $885 million
US racetrack operator Churchill Downs announced that it has entered definitive merger agreements for the acquisition of mobile and social games developer Big Fish Games, Inc. The company is preparing for a $885 million (£560 million) acquisition deal for the games developer, which will comprise of a $485 million base consideration and an attached earn-out payment of up to $350 …
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