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Sports
June 30, 2023
FanDuel Hints at Churchill Downs Deal for Kentucky Entry
In March, Kentucky finalized the legalization of sports betting. Although the activity was legalized, the state is yet to launch it as it awaits the Kentucky Horse Racing Commission (KHRC) to implement regulations that are necessary for the activity. Officially, the new sports betting law in Kentucky goes into effect on July 1, 2023, however, […]
Industry
June 20, 2023
CDI on Track with New Entertainment Venue at Owensboro
In September last year, the leading racing, online betting and gaming entertainment company, Churchill Downs Incorporated (CDI), confirmed it finalized the acquisition of Ellis Park Racing and Gaming in a deal with a price tag of $79 million. The venue, located in Henderson, Kentucky granted the company a unique opportunity for further growth and expansion. […]
Casino
June 13, 2023
Richmond City Seeks to Revive One Casino Project
Richmond City Council members seek to revive an old casino project that failed to gain the public’s support in 2021. The measure would see the people of the Virginian city vote on the matter once again. The so-called One Casino + Resort is a project first introduced in 2021, two years after Virginia agreed to […]
Sports
June 5, 2023
Churchill Downs Suspends Racing Operations and Relocates Spring Meet
The renowned racetrack and home of the Kentucky Derby, Churchill Downs, has made the difficult decision to suspend racing operations following a distressing series of horse fatalities. Churchill Downs Takes Precautionary Measures Following Horse Fatalities In response to the tragic incidents, Churchill Downs Incorporated (CDI) announced on June 2 that it would be suspending racing […]
Business
May 8, 2023
Churchill Downs Reports Record-Breaking Kentucky Derby Revenues
A few days ago, the 149th Kentucky Derby ended, crowning Mage as the winner. The horse covered the mile and a quarter in 2:01.57, to the surprise of bettors who believed that either Angel of Empire or Forte will be the winner. Mage’s upset of the Kentucky Derby favorites was a major development that ended […]
Industry
May 1, 2023
Churchill Downs Defies Market Expectations, Posts Record Q1 2023
The company has reported strong results across its live and historical racing revenue, which have been a contributing factor to the results in the first quarter of 2023. Both profits and revenue have been able to gain new highs and send the share price soaring. Churchill Downs Sees Stock Boost Following Strong Q1 2023 Results […]
Business
February 23, 2023
CDI Reports Revenue Growth of 13% To Record $1.81B in 2022
Overall, the net revenue reported by Churchill Downs Incorporated (CDI) for the year ended December 31, 2022, hit $1.81 billion, a new record for the company. This result, when compared to the $1.6 billion figure reported in 2021, marked an increase of 13%. Not unexpectedly, the net income reported by CDI in 2022 increased as […]
Business
January 10, 2023
Bet365 Expands in Pennsylvania after New CDI Partnership
Churchill Downs Incorporated (CDI) announced that it has entered into a multi-year agreement with bet365. The UK-based operator will use CDI’s wholly-owned subsidiary Presque Isle Downs & Casino to launch in Pennsylvania after the necessary regulatory approvals. This mutually beneficial deal will allow CDI to focus on its primary horseracing mobile wagering business. Bet365 Marches […]
Sports
December 20, 2022
Churchill Downs to Acquire Exacta Systems in a $250M Deal
On Monday, Churchill Downs Incorporated revealed it has come to a definitive agreement to acquire in full the outstanding interests in Exacta Systems, a leading provider of solutions and technology used for operating historical horse racing (HHR) businesses. Churchill Downs to Acquire Remaining Interest in Exacta The newly announced definitive agreement has a price tag […]
Business
December 19, 2022
Churchill Downs Expands Its Board Adding Andréa Carter
Andréa Carter has more than two decades of experience in human resources as a part of different global companies. She currently holds the position of senior executive vice president and chief human resources officer for Global Payments and now became a part of CDI’s Board of Directors. HR Expert Andréa Carter Joins CDI’s Board of […]