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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Darold Londo Brings 20 Years of Operational Excellence to Oak Grove Darold Londo Brings 20 Years of Operational Excellence to Oak Grove

Churchill Downs Incorporated Announces Hiring of General Manager of Oak Grove Racing, Gaming & Hotel

LOUISVILLE, Ky., Jan.  31, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) announced today the launch of its online BetAmerica casino platform in Pennsylvania.

BetAmerica Launches Online Casino Platform in Pennsylvania

Friendly legislation and smart acquisitions continued to power the racing and gaming specialist.

Why Churchill Downs Stock Jumped 69% Last Year

LOUISVILLE, Ky., Dec.  30, 2019  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) announced today the launch of its online BetAmerica Sportsbook in Indiana. The retail BetAmerica Sportsbook opened in November at Rising Star Casino Resort in Rising Sun, Indiana.

BetAmerica Sportsbook Launches Online in Indiana

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LOUISVILLE, Ky., Dec.  19, 2019  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) announced today the launch of its BetAmerica Sportsbook online in Pennsylvania. The online debut builds upon the sports wagering and iGaming brand’s retail presence in Pennsylvania following the opening of the retail BetAmerica Sportsbook in August at Presque Isle Downs & Casino in Erie.

BetAmerica Sportsbook Makes Online Debut in Pennsylvania

Illinois’ First Land-Based Casino to Complete Parking Garage Expansion by Summer 2020 Illinois’ First Land-Based Casino to Complete Parking Garage Expansion by Summer 2020

Rivers Casino Des Plaines Opens New Sports Bar and Expands Gaming Floor

Dr. William Farmer to Oversee Safety at All Churchill Downs Incorporated Racetracks Dr. William Farmer to Oversee Safety at All Churchill Downs Incorporated Racetracks

Churchill Downs Hires Equine Medical Director

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LOUISVILLE, Ky., Nov.  12, 2019  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced that it launched its BetAmerica retail sportsbook at Rising Star Casino Resort in Rising Sun, Indiana. BetAmerica’s retail sportsbook offers players the opportunity to bet on a diverse array of global sporting events, including professional and collegiate sports in the U.S. 

Churchill Downs Incorporated Launches Retail Sportsbook in Indiana

Churchill Downs' (CHDN) CEO Bill Carstanjen on Q3 2019 Results - Earnings Call Transcript

Churchill Downs (CHDN) delivered earnings and revenue surprises of 3.77% and 1.98%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Churchill Downs (CHDN) Q3 Earnings and Revenues Top Estimates

LOUISVILLE, Ky., Oct.  30, 2019  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced plans to invest $300 million to build a hotel and historical racing machine (“HRM”) facility and permanent stadium seating at Churchill Downs Racetrack (“Churchill Downs”), the home of The Kentucky Derby. Pending final approval of a Kentucky Tourism Development Act incentive, construction would begin in December 2019 and is targeted to be completed in November 2021. 

Churchill Downs to Invest $300 Million in New Stadium Seating, a Hotel and HRM Facility

LOUISVILLE, Ky., Oct.  30, 2019  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today that it will invest $11 million to create a premium upscale experience on the 6th floor next to The Mansion at Churchill Downs Racetrack (“Churchill Downs”) – the home of The Kentucky Derby. The newly renovated area with picturesque views of the racetrack’s finish line will replace the existing Millionaires Row on level 6 in time for guests at the 2020 Kentucky Derby.

Churchill Downs Investing $11 Million to Create a Premium Upscale Experience for the 146th Kentucky Derby

LEBANON, Ohio, Oct.  30, 2019  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) announced today that Miami Valley Gaming & Racing, LLC (“MVG”), its joint venture racino with Delaware North Gaming & Entertainment, plans to build a hotel, parking garage and expanded gaming floor and add up to 250 additional video lottery terminals (“VLTs”). The $100 million expansion is scheduled to be completed by the second quarter of 2021 and will be financed with debt at the joint venture.

Miami Valley Gaming Announces $100 Million Expansion To Build a Hotel, Parking Garage and Expanded Gaming Floor

LOUISVILLE, Ky., Oct.  09, 2019  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that, through its wholly-owned subsidiary NKYRG, LLC, it has completed its previously announced purchase of all of the outstanding equity of Turfway Park in Florence, Kentucky from Jack Ohio LLC, an affiliate of JACK Entertainment LLC, and Hard Rock International for total consideration of $46 million in cash, subject to certain working capital and other purchase price adjustments.

Churchill Downs Incorporated Completes Acquisition of Turfway Park

Existing Grandstand Will Be Demolished to Make Way for a New State-of-the-Art Facility Existing Grandstand Will Be Demolished to Make Way for a New State-of-the-Art Facility

Churchill Downs Incorporated Announces Agreement to Acquire Turfway Park

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Churchill Downs (CHDN) closed the most recent trading day at $122.68, moving -1.6% from the previous trading session.

Churchill Downs (CHDN) Stock Sinks As Market Gains: What You Should Know

LOUISVILLE, Ky., Sept.  09, 2019  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN) announced today a definitive agreement with Full House Resorts (Nasdaq: FLL) to operate a retail BetAmerica Sportsbook at the Rising Star Casino Resort (“Rising Star”) in Southern Indiana and to deploy its BetAmerica online sports wagering platform across the state of Indiana, subject to gaming license approvals.  

Churchill Downs Incorporated Enters Agreements to Offer Sports Betting in Indiana and Colorado Through a Partnership with Full House Resorts

Proposed 2020 Thoroughbred Meet to be Hosted at Churchill Downs Racetrack, with Future Meets Held at Newly Constructed Facility Proposed 2020 Thoroughbred Meet to be Hosted at Churchill Downs Racetrack, with Future Meets Held at Newly Constructed Facility

Churchill Downs Applies to Bring New Latonia Racing & Gaming, a $200 Million Thoroughbred Racing Facility, to Northern Kentucky

Arlington International Racecourse Declines to Apply for Gaming License; Will Conduct Horse Racing in 2020 and 2021 and Apply for a Sports Betting License Arlington International Racecourse Declines to Apply for Gaming License; Will Conduct Horse Racing in 2020 and 2021 and Apply for a Sports Betting License

Churchill Downs Incorporated Announces Strategic Update Regarding Arlington International Racecourse

Over 1600-gaming-seat casino to create thousands of jobs and millions in tax revenue Over 1600-gaming-seat casino to create thousands of jobs and millions in tax revenue

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Churchill Downs Incorporated (CHDN) CEO Bill Carstanjen on Q2 2019 Results - Earnings Call Transcript

Strong gaming portfolio and acquisition benefits are likely to reflect in Churchill Downs' (CHDN) earnings results for the second quarter of 2019.

News for Churchill Downs Stock (CHDN)