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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Michigan Launch in Partnership with Hannahville Indian Community Michigan Launch in Partnership with Hannahville Indian Community

BetAmerica to Enter Sports Betting and iGaming Market in Michigan

Churchill Downs (NASDAQ: CHDN) will be releasing its next round of earnings this Wednesday, July 29.

A Preview Of Churchill Downs's Earnings

Churchill Downs (CHDN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Churchill Downs (CHDN) Q2 Earnings Expected to Decline

LOUISVILLE, Ky., July  16, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release second quarter 2020 financial results after the market closes on Wednesday, July 29, 2020, and host a related conference call to discuss the quarter on Thursday, July 30, 2020, at 9 a.m. ET.

Churchill Downs Incorporated 2020 Second Quarter Financial Results Conference Call Invitation

LOUISVILLE, Ky., July  09, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced plans to resume operations at Oxford Casino Hotel (“Oxford”) in Oxford, Maine today, July 9, 2020 at 9:00 a.m. Guests will be able to enjoy Oxford’s slot machines upon reopening. Table games and food and beverage offerings as well as the hotel and event center will be available at a later date.

Churchill Downs Incorporated to Reopen Oxford Casino Hotel in Maine

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Churchill Downs Inc. CHDN, +0.92% said Monday that it has temporarily suspended operations at Calder Casino in Miami as of July 3, less than a month after it was opened.

Churchill Downs re-suspends operations at Miami casino less than a month after it was reopened

Miami-Dade County Emergency Order Calls for Closure of Entertainment Venues Miami-Dade County Emergency Order Calls for Closure of Entertainment Venues

Churchill Downs Incorporated Announces Temporary Suspension of Operations at Calder Casino in Florida

LOUISVILLE, Ky., July  02, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced the reopening of Rivers Des Plaines (“Rivers”) in Des Plaines, Illinois, the Company’s joint venture with Rush Street Gaming on Wednesday, July 1, 2020. Rivers will have a dedicated “Rivers Clean Team,” newly installed protective plexiglass throughout the casino and has implemented new health and safety procedures established by the Illinois Gaming Board.  

Churchill Downs Incorporated Announces the Reopening of Rivers Casino Des Plaines

Live Racing to Resume without Spectators on July 27 Live Racing to Resume without Spectators on July 27

Churchill Downs Incorporated Reopens Presque Isle Downs & Casino in Erie, Pennsylvania

Agreement reached with Illinois Thoroughbred Horsemen’s Association and race meeting approved by the Illinois Racing Board Agreement reached with Illinois Thoroughbred Horsemen’s Association and race meeting approved by the Illinois Racing Board

Arlington International Racecourse to Conduct Spectator-Free Live Racing Meet July 23 – September 26, 2020

Rivers Casino Des Plaines Partners with Rush Street Interactive to Launch BetRivers.com Rivers Casino Des Plaines Partners with Rush Street Interactive to Launch BetRivers.com

Churchill Downs Incorporated Gains Entry into Online Illinois Sports Betting Market Through the Launch of BetRivers.com by Rivers Casino Des Plaines

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Mandatory temperature checks for visitors and frequent surface cleaning are part of the plan.

Churchill Downs Is Reopening Most of Its Casinos

Five Casino Operations to Resume from June 12 - 19  Five Casino Operations to Resume from June 12 - 19

Churchill Downs Incorporated to Reopen Properties in Florida, Pennsylvania, Louisiana, Maryland and Ohio

LOUISVILLE, Ky., June  08, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that it has entered into an agreement to purchase 1,250 historical racing machines (“HRMs”) from International Game Technology PLC (“IGT”).

Churchill Downs Incorporated Announces Agreement to Purchase 1,250 Historical Horse Racing Machines from IGT

Historical Racing Machine Facility in Louisville, Kentucky Supports Purse Structure at Churchill Downs Racetrack Historical Racing Machine Facility in Louisville, Kentucky Supports Purse Structure at Churchill Downs Racetrack

Churchill Downs Incorporated to Reopen Derby City Gaming

It was an incredible month for Churchill Downs, as investors decided gambling wasn't going away.

Why Churchill Downs Stock Rocketed 32% Higher in May

Churchill Downs shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 83.
The post Churchill Downs Clears Technical Benchmark, Hitting 80-Plus RS Rating appeared first on Investor's Business Daily.

Churchill Downs Clears Technical Benchmark, Hitting 80-Plus RS Rating

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A Relative Strength Rating upgrade for Churchill Downs shows improving technical performance. Will it continue?

Churchill Downs Stock Rising Amid Resort Reopenings, Kentucky Derby Reschedule, Lawsuit Settlement

The company frees itself of any future indemnity with the payment.

Churchill Downs to Pay $124 Million in Class Action Lawsuit Settlement

LOUISVILLE, Ky., May  24, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq:  CHDN) and Aristocrat Leisure Limited (ASX: ALL) ("Aristocrat") today announced that they have entered into an agreement in principle to settle the Kater v. Churchill Downs, Inc., and Thimmegowda v. Big Fish Games, Inc. lawsuits (the “Kater and Thimmegowda Litigations”). CDI completed its sale of Big Fish Games, Inc. to Aristocrat in January 2018.  The agreement in principle remains contingent on final court approval by the U.S. Federal District Court for the Western District of Washington (the “District Court”).

Churchill Downs Incorporated and Aristocrat Leisure Limited Announce Agreement in Principle to Settle Lawsuits related to Big Fish Games, Inc.

Live Racing at Churchill Downs Racetrack in Kentucky and Off-Track Betting Operations in Louisiana Previously Resumed Live Racing at Churchill Downs Racetrack in Kentucky and Off-Track Betting Operations in Louisiana Previously Resumed

Churchill Downs Incorporated to Reopen Harlow’s Casino Resort & Spa and Riverwalk Casino Hotel in Mississippi

Betting jumped 185% year over year despite spectator-free stands.

News for Churchill Downs Stock (CHDN)