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Churchill Downs Inc - CHDN STOCK NEWS

Welcome to our dedicated page for Churchill Downs news (Ticker: CHDN), a resource for investors and traders seeking the latest updates and insights on Churchill Downs stock.

Churchill Downs Incorporated (NASDAQ: CHDN), headquartered in Louisville, KY, is a leading name in the gaming entertainment and racing industry. Established in 1875 with the opening of its iconic namesake racetrack, Churchill Downs, the company has grown to encompass a wide range of operations including live racing, casino gaming, and online wagering.

Churchill Downs is famously known for hosting the Kentucky Derby and Kentucky Oaks, two of the most prestigious events in horse racing. These races have become synonymous with the company and continue to attract significant attention each year.

CDI operates through three main business segments:

  • Live and Historical Racing: This segment includes live and historical pari-mutuel racing events held at various racetracks owned by the company.
  • TwinSpires: This segment focuses on online horse racing, sports betting, and iGaming. It encompasses both online and retail sports betting operations.
  • Gaming: This segment comprises the operation of casino properties, including slot machines, table games, video lottery terminals, and video poker. It also includes ancillary services such as food and beverage, hotel accommodations, and racing events that support the casino licenses.

Recent achievements of CDI include the opening of the Seventh Kentucky HRM Entertainment Venue anticipated for early 2025, and the installation of 175 Exacta-Technology Driven Terminals at The Brook in Seabrook, New Hampshire.

With a rich history and a broad spectrum of gaming and racing operations, Churchill Downs Inc. continues to be a significant player in the entertainment industry, known for setting new records and providing unique experiences for its patrons.

Rhea-AI Summary
Churchill Downs Incorporated reports record net revenue of $572.5 million for Q3 2023, up 49% compared to the same quarter last year. Net income increases by 7% to $61.0 million. Adjusted EBITDA reaches $218.2 million, up 34% YoY. The company completes the acquisition of Exacta Systems and opens Rosie's Gaming Emporium in Virginia. Plans for a new HRM entertainment facility in Kentucky are underway. Share repurchases of $37.3 million are made, and a dividend of $0.382 per share is approved.
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CDI to release Q3 2023 financial results on October 25, 2023
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Churchill Downs Incorporated celebrates the grand opening of Rosie’s Gaming Emporium in Emporia, Virginia, with a $25,000 donation to local nonprofits. The Emporia location is expected to create over 100 jobs and generate approximately $1 million in annual tax revenue for the city.
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CDI receives approval for in-person sports wagers in Kentucky, with temporary licenses for 6 properties
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CDI completes acquisition of Exacta Systems for $250 million in cash, expecting operational synergies in Virginia
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$14 million renovation project announced by Churchill Downs Incorporated (Nasdaq: CHDN) to update and refresh the Jockey Club Suites at Churchill Downs Racetrack. The project is scheduled to be completed before the 150th Kentucky Derby in May 2024. The renovation will enhance all aspects of the 61 suites, common spaces, dining rooms, and restrooms. The Jockey Club Suites seat approximately 2,500 guests and also serve as a premium rentable space for special events throughout the year.
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FAQ

What is the current stock price of Churchill Downs (CHDN)?

The current stock price of Churchill Downs (CHDN) is $132.23 as of December 20, 2024.

What is the market cap of Churchill Downs (CHDN)?

The market cap of Churchill Downs (CHDN) is approximately 9.8B.

What is Churchill Downs Incorporated?

Churchill Downs Incorporated (CDI) is a gaming entertainment and racing company based in Louisville, KY, known for hosting the Kentucky Derby.

What are the main business segments of CDI?

CDI operates through Live and Historical Racing, TwinSpires, and Gaming segments.

What events are Churchill Downs famous for?

Churchill Downs is renowned for the Kentucky Derby and Kentucky Oaks races.

What is TwinSpires?

TwinSpires is CDI's segment for online horse racing, sports betting, and iGaming.

What does the Gaming segment of CDI include?

The Gaming segment includes casino operations with slot machines, table games, video lottery terminals, video poker, and ancillary services like food and beverage.

Where is Churchill Downs Incorporated headquartered?

Churchill Downs Incorporated is headquartered in Louisville, Kentucky.

What are some recent achievements of CDI?

Recent achievements include the opening of the Seventh Kentucky HRM Entertainment Venue in early 2025 and installation of Exacta-Technology Driven Terminals at The Brook.

What kind of operations does the Live and Historical Racing segment include?

This segment includes live and historical pari-mutuel racing events.

How does CDI support its casino licenses?

CDI supports its casino licenses through racetrack operations that generate revenue and expenses from various gaming and racing events.

Who should I contact for more information about CDI?

For more information, you can contact Kaitlin Buzzetto at (502) 394-1091 or via email at Kaitlin.Buzzetto@kyderby.com.

Churchill Downs Inc

Nasdaq:CHDN

CHDN Rankings

CHDN Stock Data

9.85B
66.21M
9.92%
79.2%
2.22%
Gambling
Services-racing, Including Track Operation
Link
United States of America
LOUISVILLE