The deal valued at approximately $133 million at Wednesday's stock prices by giving Youbet shareholders 99 cents for each share of Youbet stock they owned and one share of Churchill stock for every 17 shares of Youbet stock.Ĭombined, the two companies took in $814.1 million in bets through their account-wagering operations in 2009, according to financial records for the companies and documents filed with the Oregon Racing Commission, where Churchill maintains a hub for its wagering platform.
The deal closed on Wednesday, Churchill said in a release, after drawing some scrutiny from federal anti-trust regulators. has completed its acquisition of in a transaction that will make Churchill the largest account-wagering company in the U.S.
