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Business
November 2, 2022
CDI Finalizes P2E Acquisition in a $2.75bn Deal
Churchill Downs’ parent company, Churchill Downs Incorporated (CDI), announced Tuesday the completion of the acquisition of Peninsula Pacific Entertainment (P2E). CDI Acquires Multiple P2E Land-Based Assets Completing the acquisition of P2E comes after CDI received the necessary approvals from the New York State Gaming Commission, the Virginia Racing Commission and the Iowa Racing and Gaming […]
Business
October 27, 2022
Churchill Downs Reports 4.5% AEBITDA Rise
At the beginning of September, horse racing company and owner of Churchill Downs racetrack Churchill Downs Incorporated (CDI) signed a strategic deal with FanDuel, agreeing to supply the operator with services and technology that would allow customers to place pari-mutuel bets on races by the CDI. During the same time, Churchill Downs also announced it […]
Business
September 27, 2022
Churchill Downs Finalizes Acquisition of Ellis Park for $79M
The industry-leading racing, online betting and gaming entertainment company, Churchill Downs Incorporated, announced it finalized an important acquisition. CDI Finalizes Takeover of Ellis Park The company revealed Monday it completed the takeover of Ellis Park Racing and Gaming, located in Henderson, Kentucky in a deal completed in cash consideration of $79 million. The new acquisition will further boost […]
Business
September 16, 2022
Churchill Downs Puts Forward $79M to Acquire Ellis Park
Horse racing and betting company Churchill Downs Incorporated has penned a key deal that will see it add another property to its portfolio. The horse racing giant will pay $79 million to acquire Ellis Park Racing & Gaming along with the Ellis Park thoroughbred racetrack in Henderson, Kentucky and the opportunity to open a new […]
Industry
September 9, 2022
Churchill Downs Joins Forces with FanDuel
Churchill Downs Incorporated (CDI), a horse racing company and owner of the Churchill Downs racetrack, has penned a new strategic deal. The racing expert joined forces with FanDuel, one of the leaders in US gambling. As per the agreement, Churchill Downs will supply its new partner with its advanced horse racing solutions. CDI to Power […]
Poker
September 7, 2022
Churchill Downs Expands into New Hampshire after Key Acquisition
Online wagering and gaming entertainment company Churchill Downs Incorporated (CDI) announced that it had finalized the purchase of the Chasers Poker Room in Salem, New Hampshire. The transaction has been approved by the New Hampshire Lottery Commission, meaning the operator will be able to offer its historical horse racing business in four states. An official […]
Casino
August 29, 2022
HHR Venues to Open in Kentucky as the Vertical Grows
Historical Horse Racing continues to enjoy a lot of popularity in Kentucky. Seeing the popularity HHR has in the state, two companies have decided to open new HHR venues. Kentucky Bettors Adore HHR Machines HHR machines are slot-like machines that use data from horse races to determine the outcome of a player’s bet. These machines […]
Business
August 12, 2022
NYRA Purchases 49% of Churchill Downs’ Subsidiary United Tote
Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, has announced that it will sell 49% of United Tote’s shares to NYRA Content Management Solutions. NYRA Content Management Solutions is a subsidiary of the New York Racing Association, whereas United Tote is a subsidiary fully owned by CDI. The Goal of the Deal Is […]
Industry
July 29, 2022
CDI Revealed another Impressive Quarterly Performance in Q2 2022
Racing, wagering and entertainment business Churchill Downs Incorporated (CDI) released today the financial results for the second quarter of 2022 posting increases in revenue and income. Double Digit Revenue Growth CDI registered in Q2 2022 net revenue of $582.5 million, up 13% as compared to $515.1 million in the second quarter of 2021. The company […]
Business
April 28, 2022
Churchill Downs to Put $200M for Renovation of the Paddock Area
Churchill Downs Incorporated, a major racetrack and betting company, has opted to invest $200 million in a major makeover of the Paddock area at the Churchill Downs Racetrack. The Paddock Area Will Rock a New Look Churchill Downs’ namesake venue is its most important racetrack which is why the company will waste no money or […]