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Sports
July 25, 2024
Churchill Downs Confirms $90M Grandstand and Pavilion Renovation
The provider of pari-mutuel horseracing, casino gambling and entertainment, Churchill Downs Incorporated (CDI), confirmed its intention for a new massive investment at Churchill Downs Racetrack. The company released details regarding the planned renovation of its Grandstand Club and Pavilion at the racetrack on Wednesday. The latest announcement comes after recently, CDI recently completed a massive […]
Business
May 15, 2024
CDI Opens 122-Room Hotel at Terre Haute Casino Resort
Churchill Downs Incorporated (CDI) has officially opened its new 122-room hotel and event center at Terre Haute Casino Resort. The new addition to the Indiana property is set to add additional vibrancy to the complex. CDI broke ground on the entertainment venue in June 2022 in partnership with construction specialist Wilhelm Construction. The development of […]
Business
April 25, 2024
Churchill Downs Enjoys Exceptional 2024 Start with Strong Q1 Results
The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), released its latest financial update. On Wednesday, the company disclosed insights regarding its performance for the first quarter of 2024 or the quarter that ended March 31, 2024. In its latest trading update, CDI highlighted strong growth in terms of adjusted EBITDA and net revenue. […]
Sports
April 10, 2024
Historical Horse Racing Revenue Growth Undervalued, Says JMP
Historical horse racing (HHR) machines offer a form of gambling entertainment that enables fans to place wagers on recorded horse races. For years, the activity has been expanding its reach, although it remains significantly less popular when compared to sports wagering which is available in nearly 40 US states. Currently, there are several states that […]
Business
April 9, 2024
Churchill Downs Finalizes Sale of United Tote Stake to NYRA
A few years ago, Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, announced its intention to divest its stake in United Tote, a provider of totalizator equipment and services for parimutuel wagering at racetracks. CDI initially acquired the stake in United Tote back in 2010 as a part of an acquisition of Youbet.com. […]
Industry
February 22, 2024
CDI Plans to Open Owensboro Racing & Gaming Early in 2025
Churchill Downs’ parent company, Churchill Downs Incorporated (CDI), announced Wednesday plans regarding its newest historical racing machines (HRMs) entertainment venue. The new HRMs entertainment outlet, Owensboro Racing & Gaming, would represent the company’s seventh such location in Kentucky. Owensboro Racing & Gaming will be located in eastern Daviess County and will use approximately 20 acres […]
Sports
August 1, 2023
Live Racing at Churchill Downs Resumes This September
The world’s most legendary racetrack and home of the famous Kentucky Derby, Churchill Downs Racetrack, will resume its operations starting from next month. On Monday, Churchill Downs Incorporated (CDI) confirmed that live racing will resume for the regularly scheduled meet starting on September 14, 2023. The relaunch of live racing comes after Churchill Downs temporarily […]
Industry
February 16, 2023
CDI Closed Arlington Heights Property Sale with the Bears
Racing and wagering entertainment operator Churchill Downs Incorporated (CDI) announced on Wednesday that it has closed the $197.2 million sale of 326 acres of property in Arlington Heights, Illinois, to the Chicago Bears. Property Sale Completed The sale of the land of the former Arlington International Racecourse property to the Chicago Bears was agreed upon […]
Industry
November 29, 2022
DraftKings to Launch DK HORSE Powered by CDI’s TwinSpires
A multi-year agreement between DraftKings and Churchill Downs Incorporated (CDI) is set to bring pari-mutuel wagering on horse racing to the Boston-based gaming operator, both companies announced today. Pari-Mutuel Horse Wagering App The agreement with CDI will see CDI’s subsidiary and supplier of online horse racing wagering platform, TwinSpires, provide advance deposit wagering (ADW) technology […]
Industry
September 14, 2022
Churchill Downs Racetrack Teams with Venuetize for New App
The world’s most legendary racetrack and home of the Kentucky Derby Churchill Downs Racetrack announced it has entered into a partnership with Venuetize to provide its guests with a customized mobile app experience. New Way to Interact and Navigate The partnership between Venuetize and Churchill Downs Racetrack will see the mobile-first and payment technology supplier […]
