Month: December 2022

Churchill Downs Inc. To Buy Historical Horse Racing Company Exacta Systems For $250 Million

Churchill Downs Incorporated (CDI) announced on Monday that it has entered into a definitive agreement under which CDI would acquire all of the outstanding equity interests of Exacta Systems LLC for total consideration of $250 million in cash, subject to certain working capital and other purchase price adjustments. The transaction will provide CDI the opportunity to realize synergies related to the company's recent acquisition of Colonial Downs racetrack and the Rosie's Gaming Emporium HRM facilities in Virginia.

Exacta, a provider of technology to support historical horse racing (HHR) operations, has integrated a diverse set of leading historical racing machine (HRM) gaming manufacturers into its HHR platform, including AGS, IGT, Light & Wonder, Everi, Konami and Incredible Technologies. Exacta supports HHR operations in Virginia, Kentucky, Wyoming, and New Hampshire.

“For nearly a decade, Exacta has been a creative force supporting the growth of historical horse racing in the U.S.,” said Bill Carstanjen, chief executive officer of CDI. “We look forward to expanding Exacta's national footprint and further diversifying the game offerings available to players at HRM facilities around the country.”

For tax purposes, the acquisition will be treated as an asset purchase allowing CDI to realize incremental tax benefits, which will provide additional cash flow and will enhance the overall economics of the transaction. The Transaction will be funded with cash on hand and through the Company's existing credit facility. The Transaction is dependent on various and customary closing conditions, including obtaining required regulatory approvals. The Transaction is expected to close in 2023.

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Santa Anita Releases Wagering Menu For Upcoming Classic Meet

With big fields and huge wagering pools expected for Santa Anita's Classic Meet opening day, Monday, Dec. 26, fans will be treated to a comprehensive betting menu that will include a $1 million guaranteed payout in the track's 20 cent Single Ticket Rainbow Pick Six providing there is a lucky Single Ticket winner.

With 11 races on tap, including six graded stakes, the opening day Rainbow Six will be comprised of races six through 11. Early first post time on opening day is at 11 a.m. and assigned post time for race six is at 1:30 p.m. PT.

In addition to an Early and Late 50 cent Pick 4, the opening day menu will also include a special 50 cent Mid-Pick 4, which will cover races 5, 6, 7 & 8. Santa Anita will again offer a North American-low takeout of 15.43 percent on all $2 Win, Place and Show wagers.

Santa Anita's popular Early 50 cent Pick 5, which features a low 14 percent takeout is also included in the Classic Meet betting menu as is a 50 cent Late Pick 5.

On opening day, Santa Anita's 50 cent Early Pick 4 will start with Race 2, the Mid-Four with Race 5 and the 50 cent Late Pick 4 will start with Race 8.
With a Jackpot provision in place, the 20 cent Single Ticket Rainbow Pick Six requires a perfect single ticket on any given race day in order to key the Jackpot payoff. Again, on opening day, Santa Anita will guarantee a $1 million payoff to any such Single Ticket winner.

Santa Anita will also continue to offer its $5 Golden Hour Double and the $1 Golden Hour Pick 4. Both include late races from both Santa Anita and Golden Gate Fields and offer fans a low 15 percent takeout.

Players will also once again be offered $1 Exactas, $2 Rolling Daily Doubles, 50 cent Rolling Pick Pick 3s, as well as 10 cent Superfectas on all races with a minimum of six runners.

The $1 Super High 5 is also available in all races with seven or more declared starters. The wager is available on all races that have seven or more declared starters. There is a 100 percent payout on all tickets selecting five winners, no consolation, and a 100 percent carryover to the next race (including to the next day, if applicable).

Although estimates vary, with clear skies and good weather predicted for Dec. 26, Santa Anita's opening day pari-mutuel handle could exceed $20 million.

Beginning Saturday, Jan. 7, Santa Anita and Gulfstream Park will also be offering an all-new $1 Coast to Coast Pick 5 featuring a low 15 percent takeout. This wager will also be offered every Saturday and Sunday beginning in January and on all Saturdays and Sundays throughout the upcoming Classic Meet.

Entries for Santa Anita's Classic Meet opening day will be drawn this Wednesday, Dec. 21. For additional information, please visit santaanita.com or call (626) 574-RACE.

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Kurtis Coady, Megan Devine Devine Pledge $500 One-Day Match Donation To TAA Holiday Giving Campaign

As part of the Thoroughbred Aftercare Alliance (TAA)'s month-long Holiday Giving Campaign, Kurtis Coady & Megan Devine have pledged to match all donations up to $500 made to the TAA on Dec. 20, 2022. Best known for their contributions to the national horse racing scene as track photographer and on-air analyst, the powerhouse racing media couple also own retired racehorses at their home, Cardinal Creek Farm. Now, the Coady Photography and VidHorse business owners seek to double their investment to aftercare by supporting the TAA Holiday Giving Campaign.

“The Thoroughbred has given us everything, both personally and professionally,” said Devine & Coady. “We met at a racetrack and consider ourselves so lucky to have enjoyed careers in the racing industry. We believe it's incredibly important to give back to the horses, and the Thoroughbred Aftercare Alliance provides an excellent avenue to do so. On our own, we have rescued a few Thoroughbreds and provided both a forever home and a second career. But with your support, the TAA can help so many more horses find a soft landing after their time on the racetrack.”

“Besides being exceptional photographers both on the racetrack and the backside, Kurtis and Megan care deeply for Thoroughbred aftercare and even provide for a few off-track Thoroughbreds of their own,” said fellow racetrack photographer and TAA Inspections Administrator, Suzie Picou-Oldham. “The media is a vital component of the industry, and I am proud to highlight two very talented members of our racing media today as part of the TAA Holiday Giving Campaign.”

TAA's Holiday Giving Campaign commenced November 29th and is scheduled to conclude New Year's Eve. Those wishing to support the TAA, its 81 accredited organizations, and thousands of retired Thoroughbreds can donate through the TAA's website or text DONATE to 56651. During the Holiday Giving Campaign, TAA is also offering donors the benefit of sending digital holiday cards to colleagues, friends, and loved ones.

Throughout the end of the year, the Thoroughbred Aftercare Alliance will continue to host special one-day only donation matches with some of horse racing's biggest names. For more chances to double your donation, watch the TAA's social media, website, and industry advertisements for the next Holiday Giving match day announcement.

To learn more and donate to the TAA's Holiday Giving campaign, visit: ThoroughbredAftercare.org/HolidayCampaign.

About the Thoroughbred Aftercare Alliance

Based in Lexington, KY, the Thoroughbred Aftercare Alliance is a 501(c)(3) nonprofit that accredits, inspects, and awards grants to approved aftercare organizations to retrain, retire, and rehome Thoroughbreds using industry-wide funding. Along with continued funding from its original partners Breeders' Cup, The Jockey Club, and Keeneland Association, the TAA is supported by owners, trainers, breeders, racetracks, aftercare professionals, and other industry members. Since inception in 2012, the TAA has granted more than $28.1 million to accredited aftercare organizations. Currently 81 aftercare organizations comprised of approximately 180 facilities across North America have been granted accreditation. To learn more about the TAA, visit ThoroughbredAftercare.org.

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