Churchill Downs is considering selling nine regional casinos, a process it disclosed with its second-quarter results on 29 July. Truist Securities analyst Barry Jonas said tribal operators and private equity could be interested, while naming Boyd Gaming and Monarch Casino as potential bidders; neither company has publicly expressed interest. The venues may be sold individually or in small groups, and Jonas said a deal is unlikely before later this year.
Churchill Downs is exploring the sale of nine regional casinos, and Truist Securities analysts said several prospective buyers could emerge as the process advances. The company disclosed the plan when it reported second-quarter results on 29 July.