Churchill Downs Incoporated

Churchill Downs Inc. has entered into an agreement to sell 49% of United Tote Company to NYRA Content Management Solutions, LLC, a subsidiary of the New York Racing Association. The transaction is subject to usual and customary closing conditions, including applicable regulatory notices and approvals, and is expected to close by the end of 2022. As part of the agreement, the United Tote pari-mutuel settlements business will be excluded and will remain with CDI. CDI and NYRA intend to work together to create and provide a comprehensive and efficient industry-leading...