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.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

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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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Churchill Downs (CHDN) delivered earnings and revenue surprises of 13.39% and 1.58%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Churchill Downs (CHDN) Q4 Earnings and Revenues Beat Estimates

LOUISVILLE, Ky., Feb. 23, 2022 (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, 2021.

Churchill Downs Incorporated Reports 2021 Fourth Quarter and Full Year Results

Churchill Downs continues to build its empire.

Churchill Downs Racing Higher

Churchill Downs Inc. ( CHDN , Financial) said on Tuesday that it has entered into a definitive purchase agreement to acquire substantially all of the assets of Peninsula Pacific Entertainment LLC, which operates under the P2E label, for $2.485 billion.

Churchill Downs to Acquire Peninsula Pacific Entertainment Assets

Churchill Downs Inc. CHDN, -2.58% said Tuesday it has entered an agreement to acquire most of the assets of Peninsula Pacific Entertainment LLC, or P2E, for $2.485 billion. The deal will give Churchill all of P2E's assets in Virginia and New York along with its Sioux City casino property.

Churchill Downs to acquire Peninsula Pacific Entertainment for $2.485 billion, expanding in Virginia and New York

Transaction Significantly Expands the Geographic Footprint of CDI's Live and Historical Racing Entertainment Venues and Increases Scale Transaction Significantly Expands the Geographic Footprint of CDI's Live and Historical Racing Entertainment Venues and Increases Scale

Churchill Downs Incorporated Announces Definitive Agreement to Acquire Substantially All of the Assets of Peninsula Pacific Entertainment

LOUISVILLE, Ky., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Nate Simon has been named Senior Vice President and Chief Technology Officer of the Company. In this role, he will be responsible for providing strategic technology leadership and services. Simon replaces Ben Murr who was promoted to President of TwinSpires and Online Gaming in January.

Churchill Downs Incorporated Names Nate Simon Senior Vice President and Chief Technology Officer

LOUISVILLE, Ky., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Austin Miller will retire effective March 1, 2022, after eight years as Senior Vice President of Gaming Operations with the Company.

Churchill Downs Incorporated Announces Retirement of Austin Miller, Names Maureen Adams Senior Vice President of Gaming Operations and Ryan Jordan Senior Vice President of Real Estate Development

LOUISVILLE, Ky., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) announced today that Ben Murr has been named President of TwinSpires and Online Gaming. In this role, he will be responsible for the overall strategy and operations of these businesses.

Churchill Downs Incorporated Names Ben Murr President of TwinSpires and Online Gaming

LOUISVILLE, Ky., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release fourth quarter and full year 2021 financial results after the market closes on Wednesday, February 23, 2022, and host a related conference call to discuss the quarter on Thursday, February 24, 2022, at 9 a.m. ET.

Churchill Downs Incorporated 2021 Fourth Quarter and Full Year Financial Results Conference Call Invitation

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Churchill Downs (CHDN) possesses solid growth attributes, which could help it handily outperform the market.

Here is Why Growth Investors Should Buy Churchill Downs (CHDN) Now

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LOUISVILLE, Ky., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that the Company has signed an agreement to sell 115.7 acres of land near Calder Casino for $291 million or approximately $2.5 million per acre. CDI has agreed to sell the land to Link Logistics, one of the premier owners of logistics real estate assets, established in 2019 by Blackstone.

Churchill Downs Incorporated Signs Agreement to Sell 115.7 Acres of Land by Calder Casino for $291 Million

Proposal Includes a $240 Million Investment to Build the Queen of Terre Haute Casino Resort Proposal Includes a $240 Million Investment to Build the Queen of Terre Haute Casino Resort

Indiana Gaming Commission Selects Churchill Downs Incorporated's Application for a Casino Owner's License in Vigo County, Indiana

Churchill Downs (CHDN) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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DES PLAINES, Ill., Nov. 10, 2021 /PRNewswire/ -- Rivers Casino Des Plaines is seeking to add 400 team members to its winning team as part of the property's expansion.

Rivers Casino Des Plaines Hiring 400 Team Members to Support Property Expansion

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Bull of the Day: Churchill Downs Incorporated (CHDN)

Churchill Downs (CHDN) CEO Bill Carstanjen on Q3 2021 Results - Earnings Call Transcript

Churchill Downs (NASDAQ:CHDN) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

Churchill Downs: Q3 Earnings Insights

LOUISVILLE, Ky., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "we", "us", "our") today reported business results for the third quarter ended September 30, 2021.

Churchill Downs Incorporated Reports 2021 Third Quarter Results

Churchill Downs (CHDN) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Here's Why Momentum in Churchill Downs (CHDN) Should Keep going

News for Churchill Downs Stock (CHDN)