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JPMorgan is acting as lead on the financing of this transaction.
The companies declined to make executives available for comment in advance of a conference call Thursday morning.
Social casino games are estimated to be worth roughly.7 billion worldwide, according to a report from Eilers Research.Churchill Downs is a company with a commitment to interactive entertainment and a track record of growth and performance.Non- Smoking King, Queen, Mini- Suite.is a publicly-traded company that operates the famous Churchill Downs horse racetrack in Louisville, home to the legendary Kentucky Derby.The upfront payment represents a multiple of approximately.5-times Big Fishs Adjusted ebitda (including an adjustment for changes in deferred revenue) for the trailing twelve months ended September 30, 2014.3 million.The Commerce Casino is conveniently located near Los Angeles, California!The earn-out payment will online casino las vegas 40th birthday party be calculated by applying a multiple of 9-times the increase in calendar year 2015 Adjusted ebitda over a base value.2 million, except that for purposes of the earn-out calculation the adjustment for change in deferred revenue will be reduced.Paul Thelen, Big Fishs founder and CEO said, We are extremely proud of the company we have built over the last twelve years.Thelen resumed the CEO post how to play hanafuda japanese card game in 2012, attempting to launch the companys streaming gaming efforts.
We are extremely proud of the company we have built over the last twelve years, Thelen said.

Click for more info.Susan Lusty, a spokeswoman for Big Fish, said that Churchill Downs plans to retain all employees.Prior to joining Big Fish, he was Vice President of Applications at Fox Interactive Media, where he led the application development and support department.We are excited to announce this transaction and believe we will do great things together.(November 12, 2014) Churchill Downs Incorporated (nasdaq: chdn) (CDI) and Big Fish Games, Inc.Bingo is another big part of the.Big Fish founder and CEO Paul Thelen.In Technical Communication from the University of Washington.Fort Yuma, AZ, paradise Casino has new and classic slot machines.Big Fish raised 83 million from Balderton Capital in 2008, and it had been discussed for years as a possible IPO candidate.
Goldman Sachs is acting as financial advisor and Sidley Austin LLP is acting as legal advisor to CDI.

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That didnt seem to bother executives at Churchill Downs.
On the surface, it may seem peculiar that Churchill Downs is gobbling up Big Fish.