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Business
June 20, 2022
CDI’s $291m Sale of Land near Calder Casino Completed
Racing, wagering and entertainment operator Churchill Downs Incorporated (CDI) announced Friday that it has successfully closed the transaction for the sale of 115.7 acres of excess land near Calder Casino in Florida. Plans for Additional Sales of Land The $291-million sale of land near CDI’s wholly-owned Calder Casino was initially announced in November last year, […]
Industry
May 9, 2022
CDI’s Kentucky Derby 148 Sets New Wagering Records
Churchill Downs Incorporated (CDI) announced its pinnacle event and a major driver of the company’s financial success, the Kentucky Derby, set new wagering records this year. The 148th edition of the premier horse racing event also surprised experts and pundits by presenting an 80-1 winner, Rich Strike. Kentucky Derby 148 CDI announced the track took […]
Casino
March 9, 2022
CDI’s Queen of Terre Haute Casino Resort Moves a Step Closer
Churchill Downs Incorporated (CDI) formally presented to the Indiana Gaming Commission (IGC) a new location for the Queen of Terre Haute Casino Resort in a meeting Thursday. Presenting the New Location At the IGC meeting, the land-based casino and horse racing operator was represented by its SVP of Corporate Development Jason Sauer and SVP of […]
Business
February 24, 2022
CDI Posted Strong Fourth Quarter and Full Year 2021 Growth
Churchill Downs Incorporated (CDI) announced its fourth-quarter and full-year ended December 31, 2021, financial results posting solid growth year-over-year. Key Financial Metrics Casino and horse racing operator CDI posted Q4 2021 net income of $43.3 million, up 153% on $17.1 million registered in Q4 2020. The net income figure was derived from fourth-quarter revenue of […]
Casino
February 22, 2022
CDI Expands Live and Historical Horse Racing Geographical Reach
Racing, wagering and gaming entertainment company Churchill Downs Incorporated (CDI) announced today it entered into a definitive agreement to acquire assets of Peninsula Pacific Entertainment (P2E). Acquire Additional Scale The $2.485 billion acquisition deal will see CDI acquire all Peninsula assets in Virginia and New York and its operations of the Sioux City casino in […]
Casino
November 18, 2021
IGC Selects CDI’s $240m Terre Haute Casino Resort Bid
The Indiana Gaming Commission (IGC) approved Churchill Downs Incorporated (CDI) to become the operator of the state’s 13th casino slated to appear in the city of Terre Haute in Vigo County. Winner of the Competitive Bid Process CDI’s wholly-owned subsidiary CDITH submitted its application to develop what it named the Queen of Terre Haute Casino […]
Industry
August 2, 2021
TwinSpires Targets Arizona Market Access with the Tonto Apache
Horse racing and online wagering brand TwinSpires announced it entered into a partnership deal with the Tonto Apache Tribe to seek entry into the recently legalized sport betting market in Arizona. Targeting Retail and Online Sports Betting The partnership between the brand owned by Churchill Downs Incorporated (CDI) and the tribe behind the Mazatzal Hotel […]
Legal
March 2, 2021
Big Fish Lawsuits Settlement Approved by Federal Court
Australian-based manufacturer of gaming machines Aristocrat Technologies announced today the settlement related to Big Fish Games was approved by the US Federal District Court for the Western District of Washington. Federal Court Approval Aristocrat filed the announcement to the Australian Stock Exchange (ASX) regarding the May 2020 agreement to settle claims related to the two […]
Industry
February 24, 2021
CDI Sells Arlington Racecourse as Redevelopment Site
Casino and horse racing operator Churchill Downs Incorporated (CDI) announced in a press release on its website it initiated a procedure for the sale of Arlington International Racecourse – the oval and all 326 acres of land. Arlington on the Block The historic racetrack in Arlington Heights, Illinois, is marketed as a redevelopment opportunity by […]
Casino
February 19, 2021
Rivers Casino Des Plaines Plans $87 Million Expansion
Churchill Downs Incorporated announced plans to expand its jointly owned property with Rush Street Interactive – Rivers Casino Des Plaines in Illinois. With an $87 million price tag, the expansion plans to add gaming positions, a poker room, a new restaurant, and event space. CDI Plans to Expand Rivers Casino Des Plaines The industry-leading racing […]