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

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 […]