Would there be buyer’s remorse? That was a question being asked late last year upon word that Churchill Downs had acquired Big Fish Games.
Now, as more time has passed for the company to assess the fruits of its acquisition, the folks at Churchill Downs are elated with their big catch.
The Louisville racetrack and casino company closed a deal in mid-December valued at $800 million for the games company, and Thursday’s conference call with investors to discuss fourth-quarter and full-year earnings was the first read on how the purchase is playing out.
“So far, Big Fish has been everything we expected it to be,” CEO Bill Carstanjen is quoted by the Lexington Herald-Leader.
Although the report notes that more details about the purchase are forthcoming, for now the team at Churchill Downs says they are “very, very pleased.”
For the most recent quarter, Big Fish raked in close to $13.9 million in revenue.