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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Bear of the Day: Churchill Downs (CHDN)

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Churchill Downs Incorporated (CHDN) CEO William Carstanjen on Q4 2020 Results - Earnings Call Transcript

Shares of Churchill Downs (NASDAQ:CHDN) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 54.76% year over year to $0.19, which missed the estimate of $0.27.

Recap: Churchill Downs Q4 Earnings

LOUISVILLE, Ky., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "we", "us", "our") today reported business results for the quarter and full year ended December 31, 2020.

Churchill Downs Incorporated Reports 2020 Fourth Quarter and Full Year Results

Arlington Affirms Commitment to Running 2021 Race Dates Arlington Affirms Commitment to Running 2021 Race Dates

Churchill Downs Incorporated Launches Process to Sell Arlington International Racecourse Property

The shares of Churchill Downs continued to race ahead after the third-quarter results in October supported by double-digit growth in online wagering and a broader momentum in all sports betting stocks. Apart from the popular horse racing business, the company has multiple casinos and an online.

Churchill Downs Stock Is A Risky Bet In Online Gaming Pool

Plans Call for Larger Gaming Floor, New Event Space, and Additional Restaurant Plans Call for Larger Gaming Floor, New Event Space, and Additional Restaurant

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Churchill Downs (CHDN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Churchill Downs (CHDN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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Churchill Downs Incorporated Announces Privately Negotiated Repurchase of One Million Shares

LOUISVILLE, Ky., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release fourth quarter and full year 2020 financial results after the market closes on Wednesday, February 24, 2021, and host a related conference call to discuss the quarter on Thursday, February 25, 2021, at 9 a.m. ET.

Churchill Downs Incorporated 2020 Fourth Quarter and Full Year Financial Results Conference Call Invitation

LOUISVILLE, Ky., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today the launch of its TwinSpires Sportsbook and iGaming platform in Michigan on Friday, January 22, 2021 at 12:00 p.m. EST on iOS and android as well as desktop. The online debut builds upon CDI's established presence in Michigan following the September 2020 opening of a retail sportsbook at Island Resort & Casino in Harris, Michigan in partnership with Hannahville Indian Community.

Churchill Downs Incorporated to Launch TwinSpires Sportsbook and iGaming Platform in Michigan

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Mike Ziegler Named Senior Vice President and General Manager of Churchill Downs Racetrack and Ryan Jordan Named Vice President of Operations at Churchill Downs Incorporated Mike Ziegler Named Senior Vice President and General Manager of Churchill Downs Racetrack and Ryan Jordan Named Vice President of Operations at Churchill Downs Incorporated

Churchill Downs Incorporated Names Mike Anderson President of Churchill Downs Racetrack

Churchill Downs is making an exciting entrance on the ground floor of the sports betting scene with BetAmerica. BetAmerica will be able to leverage key assets Twinspires and the Kentucky Derby to grab market share in the coming years.

Churchill Downs: Speculative Valuation

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Churchill Downs Incorporated (CHDN) CEO William Carstanjen on Q3 2020 Results - Earnings Call Transcript

Churchill Downs (CHDN) delivered earnings and revenue surprises of 58.67% and 17.25%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Churchill Downs (CHDN) Surpasses Q3 Earnings and Revenue Estimates

The racetrack and company allow limited attendance several weeks after the rescheduled Kentucky Derby.

News for Churchill Downs Stock (CHDN)