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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LOUISVILLE, Ky., Sept.  28, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today the grand opening of its BetAmerica Sportsbook at Bronco Billy’s Casino in Cripple Creek, Colorado. BetAmerica, the Company’s sports betting and iGaming platform, partnered with Full House Resorts to open the retail sportsbook in the Colorado market on Thursday, September 24. BetAmerica plans to launch its online sportsbook and iGaming platform throughout the state of Colorado in the future, subject to regulatory approvals.

BetAmerica Launches Retail Sportsbook in Colorado at Bronco Billy’s Casino

LOUISVILLE, Ky., Sept.  28, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today the grand opening of its BetAmerica Sportsbook at the Island Resort & Casino in Harris, Michigan. BetAmerica, the Company’s sports betting and iGaming platform, partnered with Hannahville Indian Community to open the retail sportsbook in the Michigan market on Friday, September 25. BetAmerica plans to launch its online sportsbook and iGaming platform throughout the state of Michigan in the near future, subject to regulatory approvals.

BetAmerica Launches Retail Sportsbook in Michigan  at Island Resort & Casino

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LOUISVILLE, Ky., Sept.  24, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) released today the following statement regarding the Kentucky Supreme Court ruling on the Exacta system used in historical horse racing machines (“HRMs”) in Kentucky. CDI does not use the Exacta system in any of its HRMs in any facility in Kentucky.

Churchill Downs Incorporated Statement on Kentucky Supreme Court Ruling Regarding the Exacta System Used in Historical Horse Racing Machines

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Churchill Downs Incorporated to Open Gaming Operations, Restaurants, Grandstand and Event Center at Oak Grove Racing, Gaming & Hotel on September 18th

Churchill Downs’ stock has rallied 122% over recent months (vs. about a 50% gain in the S&P 500) to its current level of $163 after falling to a low of $73 in late March as a rapid increase in the number Covid-19 cases outside China resulted in heightened fears of an imminent global economic.

Will Churchill Downs’ Stock Continue To Trend Higher?

Bull Of The Day: Churchill Downs (CHND)

Bull Of The Day: Churchill Downs (CHDN)

LOUISVILLE, Ky., Sept.  05, 2020  (GLOBE NEWSWIRE) -- A historic Kentucky Derby saw Authentic claim the Garland of Roses in what was the first time the race had ever occurred on Labor Day weekend.

Authentic Claims the Garland of Roses in a Historic 146th Kentucky Derby Presented by Woodford Reserve

LOUISVILLE, Ky., Sept.  04, 2020  (GLOBE NEWSWIRE) -- The 146th running of the $1.25 million Longines Kentucky Oaks (Grade I) saw Shedaresthedevil claim the Lillies in the fastest Kentucky Oaks race in history at 1:48.28. Shedaresthedevil crossed the finish line first in a field of nine under sunny skies and fast track conditions.

146th Running of the Longines Kentucky Oaks Sets Record as Fastest in History as Shedaresthedevil Claims the Lillies

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LOUISVILLE, Ky., Sept.  03, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today the opening of a new outdoor gaming patio on the south side of Derby City Gaming in Louisville, Kentucky. The new 8,000 square foot patio will result in a net addition of 225 historical racing machines (“HRMs”) with some of the best game titles available. Derby City Gaming has an existing outdoor gaming patio on the north side of the facility that has 113 HRMs. With the addition of the new patio, Derby City Gaming will have 1,225 HRMs.

Derby City Gaming Opens New Outdoor Gaming Patio

LOUISVILLE, Ky., Aug.  31, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today plans to resume operations at Calder Casino (“Calder”) in Miami Gardens, Florida on Monday, August 31, 2020 at 10:00 a.m. ET.      

Churchill Downs Incorporated to Reopen Calder Casino in Florida

Kambi Group plc forms US sports betting partnership with Churchill Downs Incorporated

The Deal will Transition and Grow CDI’s Sports Betting and iGaming Technology Platform The Deal will Transition and Grow CDI’s Sports Betting and iGaming Technology Platform

Churchill Downs Incorporated Announces Agreement with GAN Limited and Kambi Group PLC to Power BetAmerica

LONDON--(BUSINESS WIRE)---- $GAN--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions to the U.S. land-based casino industry, today announced a multi-year agreement with Churchill Downs Incorporated (“Churchill”) (NASDAQ: CHDN) to be the enterprise software platform for Churchill’s Internet sports betting and Internet casino gaming business, BetAmerica.

GAN Announces New Tier One Client Churchill Downs in Multistate Roll-out of Real Money Internet Gambling

LOUISVILLE, Ky., Aug.  21, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today its decision to run the 146th Kentucky Derby on September 5, 2020 without fans. CDI issued the following statement:

146th Kentucky Derby to Run on September 5th without Fans

The news comes shortly after the company reported a $162 million Q2 revenue drop.

Churchill Downs to Enforce 23,000 Spectator Limit at the Sept. 5 Kentucky Derby

Churchill Downs Inc. CHDN, +5.30% provided Wednesday an update to its safety plan for the 146th running of the Kentucky Derby amid the COVID-19 pandemic, which is scheduled for Sept.

Churchill Downs to limit Kentucky Derby attendees to less than 23,000, and will require face coverings

General Admission and Infield Eliminated, Face Coverings Required General Admission and Infield Eliminated, Face Coverings Required

Churchill Downs Announces Updates to Kentucky Derby Safety Plan

Churchill Downs Incorporated (CHDN) CEO Bill Carstanjen on Q2 2020 Results - Earnings Call Transcript

Churchill Downs (CHDN) delivered earnings and revenue surprises of 3.64% and 45.49%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Churchill Downs (CHDN) Reports Q2 Loss, Tops Revenue Estimates

LOUISVILLE, Ky., July  29, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) ("CDI" or the "Company") today reported business results for the second quarter ended June 30, 2020.

News for Churchill Downs Stock (CHDN)