Big changes are on the horizon at FanDuel Sportsbook and Horse Racing and the Collinsville Horse Track.
Accel Entertainment will acquire this venue for about $35 million in a stock deal. There are also plans to add a casino to the site.
FanDuel Sportsbook & Horse Racing is the only active horse racing venue in the greater St. Louis area. It hosts 65 race days and about 435 horse races a year.
The deal is valued at 3.45 million shares of Accel stock, translating to around $35 million based on recent averages.
The buyout includes both Fairmount Holdings Inc. and its subsidiary, Fairmount Park Inc. This move marks an expansion for Accel, which currently operates gaming terminals in various non-casino venues, like bars and restaurants.
