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Churchill Downs Sells Mobile Gaming Co. For $990M

Law360, New York (November 30, 2017, 1:50 PM EST) -- Churchill Downs Inc. said Wednesday it will sell its mobile gaming subsidiary, Big Fish Games Inc., to Australian gaming machine company Aristocrat Leisure Ltd. for $990 million, allowing the Kentucky Derby operator to refocus on its core casino and racing business.

The deal will see Aristocrat subsidiary Aristocrat Technologies Inc. acquire 100 percent of Seattle-based Big Fish, which generated an adjusted revenue of $458 million for the 12 months prior to Sept. 30, 2017. With the addition of Big Fish, which is behind games like Big...
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