Stifel sees possible sale options for Churchill Downs gaming unit
Stifel analyst Jeffrey Stantial outlined possible ways Churchill Downs could unlock value from its gaming segment, according to a client report. Stifel said it had no knowledge of formal merger or consolidation discussions involving the company; potential options discussed included an outright sale, asset sales and a spin-off. Churchill Downs had not announced a transaction in the source material.
The analysis sets out potential strategic options for Churchill Downs’ gaming assets without confirming that a deal is under discussion.