Tag Archives: Churchill Downs
UK – Churchill Downs suspends races at flagship track after 12 horse deaths
Churchill Downs has announced that it will suspend racing operations at Churchill Downs Racetrack beginning 7 June 2023, through the remainder of the Spring Meet, scheduled to run to 3 July. Live racing at Churchill Downs will be conducted as scheduled this weekend on Saturday, 3 June and Sunday, 4 June. The remainder of the race…
US – Churchill Downs launches new mobile experiences via Everi’s Venuetize platform
Everi Holdings has launched Phase Two of the Churchill Downs Racetrack mobile Venuetize experience, which now showcases the unique features of the iconic brands, the Kentucky Derby and Churchill Downs Racetrack – the world’s most legendary racetrack. Churchill Downs Racetrack is owned and operated by Churchill Downs Incorporated. While the app’s main infrastructure is shared,…
US – Churchill Downs generates record revenue in 2022
A stellar year for Churchill Downs saw it generate record revenue in 2022 of $1,809.8m, up 13 per cent compared to $1,597.2m in the prior year with the 148th Kentucky Derby on the first Saturday in May generating record Adjusted EBITDA. Net revenue for the fourth quarter of 2022 increased $87m from the prior year quarter…
US – Churchill Downs snaps up Historical Horseracing manufacturer Exacta Systems
Churchill Downs Incorporated has entered into a definitive agreement under which CDI would acquire all of the outstanding equity interests of Exacta Systems for $250m. The Transaction will provide CDI the opportunity to realize synergies related to the company’s recent acquisition of Colonial Downs Racetrack and the Rosie’s Gaming Emporium HRM facilities in Virginia. Exacta,…
US – Churchill Downs completes $2.75bn deal for Peninsula Pacific Entertainment’s assets
Churchill Downs has now bought all the assets of Peninsula Pacific Entertainment for $2.75bn including its casinos in Virginia, New York and Sioux City, Iowa, and follows licensing approvals from the Virginia Racing Commission, the New York State Gaming Commission and the Iowa Racing and Gaming Commission. “Today marks a significant moment in the evolution…
US – Churchill Downs to buy Ellis Park in Henderson, Kentucky
Churchill Downs has signed a definitive agreement to acquire Ellis Park Racing & Gaming (in Henderson, Kentucky, from Enchantment Holdings, LLC, an affiliate of Laguna Development Corporation, for total consideration of $79m in cash, subject to certain working capital and other purchase price adjustments. CDI will also assume Ellis Park’s opportunity to construct a track…
US – Churchill Downs enters into multi-year agreement with FanDuel
Churchill Downs has signed a multi-year agreement with FanDuel Group involving multiple facets of FanDuel’s sports wagering, advance deposit wagering and television businesses. Under the Agreement, CDI will provide certain technology and services to enable FanDuel’s customers to place pari-mutuel wagers on horse racing via FanDuel’s sports wagering and ADW platforms. CDI will also authorize…
US – Churchill Downs sells over 100 acres of land near Calder Casino
Churchill Downs has closed on the sale of 115.7 acres of excess land near Calder Casino for $291m to Link Logistics, owners of logistics real estate assets established in 2019 by Blackstone. The operator is planning to use certain proceeds of the sale to purchase property as part of the previously announced Peninsula Pacific Gaming…
US – Churchill Downs enjoys a record year
Churchill Downs managed to generate record 2021 net revenue of $1,597.2m, up 52 per cent over the prior year with record 2021 Adjusted EBITDA of $627m, up 119 per cent. Net revenue for 2021 increased $241.8m from the prior year due to a $84.1m increase at Oak Grove as a result of the opening of…
