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Tag Archives: Churchill Downs

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…

US – Churchill Downs buys Peninsula Pacific Entertainment for $2.485bn

Churchill Downs Inc. (CHDN) has agreed to buy Peninsula Pacific Entertainment for $2.485bn, giving the company Peninsula’s assets in Virginia and New York as well as the operations of its Sioux City casino property. The deal will include the del Lago Resort and Casino in New York, the Colonial Downs Racetrack and six Rosie’s Gaming…

US – Churchill Downs to proceed with Queen of Terre Haute project after Full House drops lawsuit

Churchill Downs has been cleared to continue with the development of its Queen of Terre Haute Casino Resort, a destination gaming facility in Vigo County, Indiana, following the dropping of a lawsuit challenging the award of the licence by Full House Resorts. Churchill Downs said: “Churchill Downs Incorporated remains excited to move forward with our…

US – Churchill Downs to sell land by Calder Casino to Blackstone

Churchill Downs will sell 115.7 acres of land near Calder Casino for $291m to Link Logistics, one of the premier owners of logistics real estate assets, established in 2019 by Blackstone. The closing of the sale of the property is subject to the satisfaction of various closing conditions. The company anticipates closing the sale of…

US – Churchill Downs launches bid to develop Queen of Terre Haute Casino Resort

Churchill Downs has submitted a proposal to develop the Queen of Terre Haute Casino Resort, a destination gaming facility in Vigo County, Indiana. CDI has also filed an application to the Indiana Gaming Commission seeking Indiana’s open casino license for Vigo County. “Churchill Downs has a 147-year track record of offering extraordinary entertainment experiences and…

US – Churchill Downs’ Louisiana properties remain closed due to Hurricane Ida

Churchill Downs Incorporated has confirmed that the company’s operations in Louisiana were closed due to Hurricane Ida and remain closed at this time. CDI’s Louisiana operations include the Fair Grounds Race Course & Slots property and 15 Off-Track Betting facilities (OTBs). The company said: “CDI continues to evaluate the damage to these properties and is…

US – Churchill Downs announces multi-year projects to transform the legendary racetrack

Churchill Downs has announced three major multi-year capital investments to transform key areas at the home of the Kentucky Derby. These projects will ultimately provide new, unique and extraordinary guest experiences in the coming years. Plans include the debut of a new project each year over the next three years, beginning with the Homestretch Club…

US – Churchill Downs slams Pennsylvania Horsemen’s Association’s claims as a ‘money grab’

Presque Isle Downs and Casino (PID) is taking the Pennsylvania Horsemen’s Benevolent and Protective Association (PAHBPA) to court over a continuing dispute regarding the revenue sharing of advance-deposit wagers (ADW). The Horseman’s Association claims that over the last few years, Presque Isle Downs, owned by Churchill Downs, has been pushing on-track customers to make bets…

US – High 5 Games gains momentum in Michigan

High 5 Games has launched its titles with Churchill Downs and WynnBet in Michigan following a recent deal with GAN designed to bring its games to more operators and players across the nation. “Michigan is an important market for us, and we’re fueled by the incredible response we’ve seen so far,” commented Lauren Gazneli, Director…