Churchill Downs looking to sell TwinSpires

[CanuckG]

https://www.bloomberg.com/news/articles/2021-12-02/churchill-downs-said-to-explore-sale-of-betting-unit-twinspires

The Louisville, Kentucky-based company is working with an adviser to solicit potential interest in the wagering platform, said the people, who requested anonymity discussing information that isn’t yet public. TwinSpires could fetch $1.5 billion in any transaction, one of the people said, cautioning that no final decision has been made and Churchill Downs could continue to own the platform.

Fanatics and BetMGM are likely in the mix. Interesting times in the industry.

[jjgold]

Basically tiny money in sports betting and companies are starting to find out its not lucrative other than for the government