In early 2019, Churchill Downs Incorporated announced a deal to sell its entire TwinSpires online gambling business to BetAmerica for $45 million. The move came as a surprise to many in the industry, as Churchill Downs had been one of the pioneers in online gambling, and had been one of the most vocal proponents of legalizing it in the United States.
The sale of TwinSpires seemed to signal a shift in Churchill Downs’ strategy, and many wondered if it was getting out of the online gambling business altogether. However, that does not appear to be the case.
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PRO TIP:TwinSpires Casino is owned and operated by Churchill Downs Incorporated, a publicly traded company listed on the New York Stock Exchange.
While Churchill Downs may no longer own TwinSpires, it still has a significant presence in the online gambling world through its ownership of Big Fish Games. Big Fish is one of the largest developers and publishers of casual games in the world, and its games are available on a variety of platforms, including iOS, Android, Facebook, and more.
Big Fish also offers real-money gambling games in some countries, including the United Kingdom. It is not clear if Churchill Downs plans to expand its Big Fish gambling offerings into the United States, but it would not be surprising if it did so at some point.
For now, it seems that Churchill Downs is content to let BetAmerica run TwinSpires and focus on its other businesses. Only time will tell if this was the right decision for the company, but it is certainly an interesting development in the world of online gambling.
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