Churchill Downs

Churchill Downs, Inc. operates as a provider of pari-mutuel horse racing, online account wagering on horse racing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course, and Fair Grounds Race Course. The Casinos segment includes Oxford Casino, Riverwalk Casino Hotel, Harlow's Casino Resort and Spa, Calder Casino, Fair Grounds Slots, Video Services and equity investment. The Online Wagering segment offers simulcasting and interactive wagering hub. The Corporate segment includes miscellaneous and other revenue, compensation expense, professional fees and other general and administrative expenses not allocated to other operating segments. The Other Investments and Corporate segment consists of United Tote Company and United Tote Canada, Capital View Casino and Resort, Bluff Media, and minor investments. The company was founded in 1875 and is headquartered in Louisville, KY.

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Churchill Downs reports record revenue and strategic acquisitions drive growth

Churchill Downs achieved record financial performance in 2022, driven by strategic acquisitions and strong operational results.
While facing challenges in optimizing machine deployment and competition from new casino capacity, the company remains focused on growth opportunities.
The outlook for Churchill Downs is positive, with a strong foundation for future growth and value creation for shareholders.

Churchill Downs achieves record earnings, eyes expansion amid challenges

Churchill Downs delivered strong financial performance with record revenue and EBITDA. The company is strategically focused on HRM initiatives and expanding its operations. Challenges include legislative impacts and maintaining margins in competitive markets. Opportunities lie in new projects, online betting, and potential casino developments.

Churchill Downs reports record Q2 earnings, eyes expansion opportunities

Churchill Downs delivered strong financial performance in Q2 2023, driven by record revenues and EBITDA, despite challenges in the TwinSpires segment and regional properties.
The company's strengths lie in flagship events like the Kentucky Derby, strategic investments, and a focus on legislative opportunities for growth.
While facing challenges from race cancellations and regional softness, Churchill Downs is well-positioned to capitalize on expansion opportunities in Virginia and international markets.
CEO's commitment to growth, financial stability, and strategic vision underpin Churchill Downs' resilience and potential for sustained success in the industry.

Churchill Downs achieves record Q3 results, eyes HRM expansion

Churchill Downs delivered strong financial performance in Q3, with record revenue and EBITDA, driven by growth initiatives and strategic acquisitions. The company faces challenges in the gaming segment but remains optimistic about future prospects. Opportunities lie in expanding HRM operations and leveraging technology for growth.

Churchill Downs achieves record revenue and EBITDA, eyes strategic growth

Churchill Downs delivered exceptional financial performance in 2023, setting records in revenue and adjusted EBITDA. The company's focus on strategic acquisitions, capital management, and future growth strategies positions it well for continued success. Challenges in optimizing operations and addressing market dynamics require careful navigation.

Churchill Downs reports record Q1 earnings, eyes growth opportunities

Churchill Downs Inc. delivers robust financial results with record revenues and EBITDA, driven by strategic investments and strong operational performance. While facing challenges in optimizing gaming floors and addressing analyst inquiries, the company remains focused on capital stewardship and growth opportunities in key markets.

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International Game Technology

LONDON, May 24, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it has extended its historical horse racing (HHR) portfolio to include performance-driving Wheel of Fortune®-themed games. The highly anticipated games debuted at Churchill Downs Incorporated ("CDI") HHR facilities throughout Kentucky, marking the first licensed theme IGT has introduced into the HHR market.

IGT Unveils Wheel of Fortune-Themed Games at Churchill Downs Incorporated Historical Horse Racing Facilities in Kentucky

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Medina Spirit's trainer Bob Baffert will be immediately suspended from entering any horses in races at Churchill Downs track, Churchill Downs said.

Medina Spirit's Kentucky Derby win will be invalidated if failed drug test is upheld, Churchill Downs says

LOUISVILLE, Ky., May 06, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Katherine Armstrong has been hired as Vice President of Culture (Diversity, Equity and Inclusion) for the Company. The new role will report directly to Bill Carstanjen, Chief Executive Officer of CDI.

Churchill Downs Incorporated Names Katherine Armstrong VP of Culture

LOUISVILLE, Ky., May 01, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Medina Spirit claimed the Garland of Roses in the 147th running of the $3 million Kentucky Derby presented by Woodford Reserve. The Company reported that 51,838 fans reveled under cloudless skies to watch as the “Most Exciting Two Minutes in Sports” triumphantly returned to the first Saturday in May at Churchill Downs Racetrack (“Churchill Downs”).

Medina Spirit Claims the Garland of Roses in the 147th Kentucky Derby Presented by Woodford Reserve

LOUISVILLE, Ky., April 30, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that the 147th running of the $1.25 million Longines Kentucky Oaks (Grade I) at Churchill Downs Racetrack (“Churchill Downs”) saw Malathaat capture the Lilies in a field of 13 under sunny skies and fast track conditions in front of 41,472 spectators spread across the expansive and spacious grounds of the racetrack.

Malathaat Captures the Lilies in the 147th Running of the Longines Kentucky Oaks

On Saturday, May 1, the 147th Kentucky Derby will be held, airing live on NBC Sports, owned by Comcast Corporation (NASDAQ: CMCSA). Unlike last year's Kentucky Derby, there will be fans in the stands and infield this year.

Is Churchill Downs A Buy Ahead Of The 2021 Kentucky Derby?

LOUISVILLE, Ky., April 26, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today the introduction of its TwinSpires Sports mobile app in Indiana and TwinSpires Casino & Sports app in Pennsylvania on Monday, April 19, 2021. The app debut in both states accompanies the rebrand of CDI's sportsbook and iGaming desktop product as TwinSpires. The Company also launched its online sports betting operations in Colorado on Friday, April 23, 2021 with TwinSpires Sports mobile app and desktop product.

Churchill Downs Incorporated Launches Online Sports Betting with TwinSpires Mobile App in Indiana, Pennsylvania and Colorado

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Churchill Downs Incorporated (CHDN) CEO Bill Carstanjen on Q1 2021 Results - Earnings Call Transcript

Shares of Churchill Downs (NASDAQ:CHDN) fell after the company reported Q1 results. Quarterly Results Earnings per share were up 1640.00% over the past year to $0.87, which beat the estimate of $0.56.

Churchill Downs: Q1 Earnings Insights

LOUISVILLE, Ky., April 21, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "we", "us", "our") today reported business results for the first quarter ended March 31, 2021.

Churchill Downs Incorporated Reports 2021 First Quarter Results

On Wednesday, April 21, Churchill Downs (NASDAQ:CHDN) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings Preview: Churchill Downs

Churchill Downs (CHDN) first-quarter fiscal 2021 results are likely to reflect robust online wagering.

Churchill Downs (CHDN) to Post Q1 Earnings: What's in Store?

LOUISVILLE, Ky., April 12, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release first quarter 2021 financial results after the market closes on Wednesday, April 21, 2021, and host a related conference call to discuss the quarter on Thursday, April 22, 2021, at 9 a.m. ET.

Churchill Downs Incorporated 2021 First Quarter Financial Results Conference Call Invitation

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Churchill Downs Incorporated to Introduce Konami Gaming, Inc.'s Historical Racing Machines to Kentucky Market

LOUISVILLE, Ky.--(BUSINESS WIRE)---- $CHDN--Churchill Downs Incorporated announced an agreement to purchase a strong line-up of the latest historical racing machines by Konami Gaming, Inc.

Churchill Downs Incorporated Selects Konami Gaming's Historical Horse Racing Machines for Launch Across Kentucky

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LOUISVILLE, Ky., March 18, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today the launch of its TwinSpires Sports mobile app and desktop product in Tennessee. In addition to horse racing wagering, the TwinSpires brand will now offer Tennessee players a platform to bet on professional sports including NBA, NFL, MLB, NHL and PGA, as well as collegiate sports and events from around the world.

Churchill Downs Incorporated Launches TwinSpires Sports Mobile App in Tennessee

LOUISVILLE, Ky., March 17, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that it successfully closed its previously announced offering of $200 million in aggregate principal amount of its 4.75% senior notes due 2028 (the "Additional Notes") and $300 million in aggregate principal amount of a senior secured Term Loan B due 2028 (the "Term Loan B"). The Additional Notes were priced at 103.25% of the principal amount and the Term Loan B has an interest rate of LIBOR plus 200 basis points.

Churchill Downs Incorporated Announces Closing of $300 Million Senior Secured Term Loan B due 2028 and $200 million Senior Notes due 2028

Churchill Downs (CHDN) has moved higher as of late, but there could definitely be trouble on the horizon for this company

Churchill Downs (CHDN) Enters Overbought Territory

LOUISVILLE, Ky., March 10, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that it successfully priced its previously announced offering of $200 million in aggregate principal amount of its 4.75% senior notes due 2028 (the "Additional Notes"). In addition, CDI announced the pricing of a $300 million senior secured Term Loan B (the "Term Loan B") due 2028. The Additional Notes were priced at 103.25% of the principal amount and the Term Loan B was priced at LIBOR plus 200 basis points.

Churchill Downs Incorporated Announces Pricing of $300 Million Senior Secured Term Loan B due 2028 and $200 million Senior Notes due 2028

LOUISVILLE, Ky., March 10, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that it intends to offer, subject to market and customary conditions, $200 million in aggregate principal amount of senior notes due 2028 (the "New Notes") in a private offering.

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