Churchill Downs Inc. is exploring the sale of its advanced deposit wagering platform Twinspires, according to a report in Bloomberg.
Worth approximately $1.5 billion, Twinspires is the official wagering partner of the Kentucky Derby.
Anonymous sources told Bloomberg CDI has reached out to an adviser to solicit potential interest, but stressed that no final decision about its sale has been made.
CDI's share price rose to a high of $236.26 Thursday after the report was released.
Read more at Bloomberg.
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