Churchill Downs profit falls as Big Fish acquisition costs mount

Racing, casino and social gaming operator Churchill Downs Inc. saw profit fall 16% in 2014 as acquisition-related interest costs spiked.

CDI enjoyed record revenue of $812.9m in 2014, up 4% over the previous year, while earnings were up 15% to $202.5m. But profit fell to $46.2m as interest payments more than tripled, in part due to CDI’s $885m acquisition of social gaming operator Big Fish Games late in the year.

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Source:: Churchill Downs profit falls as Big Fish acquisition costs mount

Churchill Downs profit falls as Big Fish acquisition costs mount