Churchill Downs to acquire HHR technology provider Exacta Systems

Churchill Downs, an American horse racing company, has agreed to acquire Exacta Systems for $250 million in an all-cash deal.

Exacta Systems provides technology to support historical horse racing (HHR) operations.

It is said to have integrated a set of historical racing machine (HRM) gaming manufacturers such as AGS, Light & Wonder, IGT, Konami, Everi, and Incredible Technologies into its historical horse racing platform.

Bill Carstanjen — Churchill Downs CEO said: “For nearly a decade, Exacta has been a creative force supporting the growth of historical horse racing in the U.S.

“We look forward to expanding Exacta’s national footprint and further diversifying the game offerings available to players at HRM facilities around the country.”

Churchill Downs to acquire historical horse racing technology provider Exacta Systems

For Exacta Systems, the deal offers significant means for the growth and expansion of its offerings within the historical horse racing industry.

Jeremy Stein — Exacta Systems CEO and president said: “We are very excited about this partnership.

“This not only aligns our highly flexible HHR technology with a tremendously successful horse racing and gaming company, but also provides Exacta with new opportunities for growth, all while continuing to passionately support our customers.”

Subject to the required regulatory approvals and other customary conditions, the deal is likely to close in 2023.