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) announced the reopening of Presque Isle Downs & Casino in Erie, Pennsylvania, at 12 p.m. on June 26, 2020. Live racing will resume without spectators on July 27 through October 22, held from Mondays to Thursdays at 4:45 p.m. The reopening will adhere to strict capacity restrictions and safety protocols, including enhanced cleaning and mandatory temperature checks. CDI will share updates regarding the reopening of additional locations as dates are confirmed.
Churchill Downs Incorporated (CHDN) announced an agreement with the Illinois Thoroughbred Horsemen’s Association for the 2020 and 2021 live race meets at Arlington International Racecourse. The Illinois Racing Board approved Arlington's 2020 Summer Meet, allowing spectator-free live racing from July 23 to September 26, 2020. Arlington’s backstretch opens on or before July 6 for owners and trainers, with racing on Thursdays, Fridays, and Saturdays.
Arlington's off-track betting locations are operational, enhancing wagering opportunities.
Churchill Downs Incorporated (CHDN) announced the launch of BetRivers.com, Illinois' first online sportsbook, on June 18, 2020. This joint venture with Rush Street Gaming and Rush Street Interactive allows players to register and place bets online, overriding the previous in-person registration requirement due to a temporary Executive Order from Governor Pritzker. The platform will live stream hundreds of sporting events, enhancing user experience. CDI continues to be a leader in gaming, operating multiple platforms and facilities across several states.
Churchill Downs Incorporated (CHDN) plans to reopen five casinos in Florida, Pennsylvania, Louisiana, Maryland, and Ohio from June 12 to June 19, 2020, expanding its operational capacity during the COVID-19 pandemic. This follows previous reopenings in Mississippi and at Derby City Gaming in Kentucky. All properties will adhere to strict safety measures, including capacity limits and enhanced cleaning protocols. CDI now expects to have seven of its ten gaming venues operational post-reopenings, reflecting a step toward normalcy in operations.
Churchill Downs Incorporated (CHDN) has signed an agreement to purchase 1,250 historical racing machines (HRMs) from International Game Technology PLC (IGT). These HRMs will operate on Ainsworth Game Technology’s proprietary system and feature popular game themes on high-performing hardware. Approved by the Kentucky Horse Racing Commission, the HRMs will be utilized at CDI's gaming facilities across Kentucky, including Derby City Gaming and upcoming locations. The move aims to enhance player experience and diversify gaming offerings.
Churchill Downs Incorporated (CHDN) announced plans to reopen its Derby City Gaming facility in Louisville, Kentucky on June 8, 2020, at 8 p.m. ET. The reopening follows approval from the state’s Governor and aims to enhance local economic contributions. The company will implement a comprehensive COVID-19 safety protocol, including mandatory temperature checks and increased cleaning measures. CDI operates multiple gaming venues and is a leader in online horse racing wagering through TwinSpires.
Churchill Downs Incorporated (CHDN) and Aristocrat Leisure Limited announced a proposed settlement for the Kater and Thimmegowda lawsuits, contingent on U.S. District Court approval. The settlement involves a total payment of $155 million, with CHDN contributing $124 million and Aristocrat $31 million. This agreement includes a release of claims against CHDN related to the lawsuits. This follows CDI's sale of Big Fish Games to Aristocrat in January 2018. The company continues to lead in the racing and gaming industry, particularly with the Kentucky Derby and its online wagering platforms.
Churchill Downs Incorporated (Nasdaq: CHDN) announced the reopening of its two Mississippi properties: Harlow’s Casino Resort & Spa and Riverwalk Casino Hotel, effective May 21, 2020. This move aligns with local regulations and incorporates enhanced health and safety measures, including mandatory temperature checks and increased cleaning protocols. The company has also resumed operations at its 12 Off-Track Betting locations in Louisiana and live horse racing at Churchill Downs Racetrack in Kentucky. These steps reflect CDI's commitment to providing safe entertainment experiences.