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 operates a racing, online wagering, and regional gaming business built around Churchill Downs Racetrack and the Kentucky Derby. Company updates cover Kentucky Derby Week, the Kentucky Oaks, seasonal race meets, TwinSpires wagering activity, and the operation and expansion of live and historical racing entertainment venues.
Recurring CHDN news also includes regional casino gaming properties, historical racing machine venues such as Marshall Yards, quarterly operating results, dividends, share repurchases, leverage, and regulatory or legal matters affecting pari-mutuel racing and racing-industry fees.
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.