Welcome to our dedicated page for Church Downs news (Ticker: CHDN), a resource for investors and traders seeking the latest updates and insights on Church Downs stock.
Churchill Downs Incorporated (NASDAQ: CHDN) generates a steady flow of news tied to its gaming entertainment, online wagering, and racing operations. As the company behind the Kentucky Derby and a growing portfolio of live and historical racing venues, online wagering platforms, and regional casino gaming properties, its announcements span development projects, financial performance, partnerships, and event programming.
Investors following CHDN news can expect regular updates on segment results for Live and Historical Racing, Wagering Services and Solutions, and Gaming. Recent releases have detailed record quarterly net revenue and Adjusted EBITDA, performance at Kentucky and Virginia historical racing machine venues, and contributions from TwinSpires Horse Racing, Exacta, and regional gaming properties across several states.
CDI’s news flow also highlights strategic growth initiatives. Examples include the acquisition of a majority interest in Casino Salem in Salem, New Hampshire, and subsequent plans to redevelop the charitable gaming facility as Rockingham Grand Casino within The Mall at Rockingham Park. The company has also announced the Victory Run capital investment at Churchill Downs Racetrack, a new multi-story hospitality structure designed to enhance seating and premium experiences during major racing events.
Other notable news items cover capital management actions such as share repurchase programs and annual dividend decisions, as well as conference call invitations for quarterly and full-year financial results. CDI also issues joint announcements with partners, including agreements with Everi, an IGT brand, to deploy financial technology and compliance solutions across its venues, and media updates with NBC Sports regarding primetime coverage of the Kentucky Oaks and continued broadcast of the Kentucky Derby.
For market participants, the CHDN news page offers a centralized view of how Churchill Downs Incorporated’s racing, wagering, and gaming strategies evolve over time, with direct links to earnings releases, development milestones, partnership agreements, and other material events.
Churchill Downs Incorporated (CHDN) has appointed Jason Sauer as Senior Vice President of Corporate Development, effective immediately. Sauer, who joined the company in 2014, will collaborate with senior management on strategic growth initiatives. CEO Bill Carstanjen praised Sauer's expertise in M&A and complex commercial deals. Previously, Sauer worked as legal counsel at Humana and as an attorney specializing in corporate transactions. He holds degrees from Harvard and the University of Kentucky.
The Chicago Bears have entered a multi-year exclusive partnership with Rush Street Interactive, Inc. (RSI) and Rivers Casino, marking the Bears' first such deal in the Sportsbook and Casino sectors. BetRivers will become the Bears' Official Sportsbook Partner, while Rivers Casino will be the Official Casino Partner. The partnership includes significant in-stadium presence, digital assets, and exclusive promotions for BetRivers players. This agreement is seen as a milestone for both the Bears and RSI, aiming to enhance fan engagement and customer experience.
Churchill Downs Incorporated (CHDN) has announced an agreement to feature Aristocrat Gaming machines at its historical racing machine (HRM) facilities in Kentucky, including Derby City Gaming and Turfway Park. This collaboration aims to attract Aristocrat's loyal customer base with popular games like Buffalo and Wild Lepre’Coins, utilizing the advanced MarsX gaming cabinets. The partnership with Aristocrat joins other prominent suppliers, enhancing CDI's gaming offerings in a growing market.
International Game Technology (IGT) has expanded its historical horse racing (HHR) offerings with the launch of Wheel of Fortune-themed games at Churchill Downs Incorporated (CDI) facilities in Kentucky. This introduction marks IGT's first licensed theme in the HHR market. A total of 40 CrystalWheel cabinets featuring the Wheel of Fortune Cash Link Exotic Far East theme have been deployed at Derby City Gaming, Oak Grove Racing, Gaming & Hotel, and Newport Racing & Gaming. The games include multiple jackpot levels and free games to enhance player engagement.
Churchill Downs Incorporated (CHDN) has appointed Katherine Armstrong as Vice President of Culture (DEI). Reporting directly to CEO Bill Carstanjen, Armstrong will focus on advancing the company's diversity, equity, and inclusion initiatives. With experience from Success Track LLC and major hospitality firms, she aims to develop strategic DEI initiatives. This appointment reflects CDI's commitment to fostering an inclusive culture amid the company's growth phase. CDI operates renowned gaming venues and online platforms, including TwinSpires, and is a leader in the gaming industry.
Churchill Downs Incorporated (Nasdaq: CHDN) reported a successful 147th Kentucky Derby on May 1, 2021, with Medina Spirit winning the race. The event attracted 51,838 attendees and generated $233 million in total wagering, marking an 85% increase from 2020. All-sources handle on Derby Day saw a 96% rise to $155.4 million, while TwinSpires recorded a record $62.7 million in handle for the day. The company continues to invest in the Kentucky Derby experience, emphasizing community engagement through charitable initiatives.
Churchill Downs Incorporated (CHDN) reported a successful 147th Kentucky Oaks with a wagering total of $54.3 million, a 76% increase from 2020. The race was won by Malathaat, bringing her lifetime earnings to over $1.2 million. The event attracted 41,472 spectators, showcasing the racetrack's ability to host events safely. Additionally, CDI emphasized its commitment to charitable initiatives, contributing over $1 million towards cancer detection and prevention. The company also operates an extensive online wagering platform and multiple gaming venues across the U.S.
Churchill Downs Incorporated (CHDN) announced the launch of its TwinSpires Sports mobile app in Indiana and Pennsylvania on April 19, 2021, along with online sports betting in Colorado on April 23, 2021. This initiative coincides with the rebranding of CDI’s sportsbook and iGaming platform to TwinSpires. The apps allow betting on professional and collegiate sports. CDI aims to leverage its history as the home of the Kentucky Derby to enhance user experience. Since January 2021, TwinSpires has entered several states, expanding its online gaming footprint.
Churchill Downs reported strong first quarter 2021 results, with net revenue of $324.3 million, up 28% year-over-year. The company achieved a net income of $36.1 million, reversing a $23.4 million loss from the same quarter last year. Adjusted EBITDA reached $110.6 million, doubling from $55.3 million in 2020. Key drivers included record performances from Derby City Gaming and TwinSpires, alongside significant growth in sports betting and iGaming operations. The launch of new facilities and legislative support in Kentucky further bolstered the company's prospects.
Churchill Downs Incorporated (CDI) has announced that it will release its first quarter 2021 financial results on April 21, 2021, after market close. A conference call discussing these results is scheduled for April 22, 2021, at 9 a.m. ET. Investors can access the call via a real-time webcast or by phone. CDI operates multiple gaming venues and is a leading online wagering platform for horse racing and sports. More information will be available in their news release on their official website.