CDI agrees to acquire HHR tech supplier Exacta Systems for $250m
| By Robert Fletcher
Churchill Downs Incorporated (CDI) has entered a definitive agreement to acquire Exacta Systems, which provides technology to support historical horse racing (HHR) machines, for $250.0m (£205.8m/€235.0m).
Under the agreement, CDI would purchase all the outstanding equity interests of Exacta Systems, which provides technology for machines made by suppliers such as AGS, IGT, Light & Wonder, Everi, Konami and Incredible Technologies.
Historical horse racing machines allow players to play a slot-like game based on horse racing results. These machines are permitted in some states in which betting on horse racing is legal but traditional slot machines are not.