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Churchill Downs closes $46M acquisition of Turfway Park

Churchill Downs Inc., through subsidiary NKYRG LLC, said Oct. 9 that it closed its acquisition of Turfway Park LLC from JACK Entertainment LLC and Hard Rock International for $46 million in cash.

Turfway Park owns and operates a horse racing park in Florence, Ky., according to data from S&P Global Market Intelligence.

The closing of the transaction follows the Oct. 8 approval of the deal by the Kentucky Horse Racing Commission.

Churchill Downs also said that it will no longer pursue its New Latonia Racing & Gaming project and has withdrawn the related race dates application.