Church Downs (CHDN) Stock News

Churchill Downs Incorporated (Nasdaq: CHDN) announced plans to redevelop Casino Salem in Salem, New Hampshire as Rockingham Grand Casino. The redevelopment expands the site from 19,000 square feet to 160,000 square feet across three floors and will include 825 historical racing machines, 32 table games, 12 electronic table game seats, a 900-seat live entertainment venue, and multiple food and beverage concepts.

The company received Salem Planning Board approval in December and expects to open Rockingham Grand Casino in mid-2027 with an estimated capital investment of $180–200 million. The project will locate at The Mall at Rockingham Park near Tuscan Village and will operate as a key tenant supporting charitable gaming proceeds to New Hampshire organizations.

Churchill Downs Incorporated (NYSE:CHDN) will release fourth quarter and full year 2025 financial results after market close on Wednesday, February 25, 2026 and will host a conference call on Thursday, February 26, 2026 at 9:00 a.m. ET.

Investors may join via the real-time webcast at http://ir.churchilldownsincorporated.com/events.cfm or register for teleconference access to receive a personalized dial-in and conference code; participants are encouraged to dial in 15 minutes early. An online replay will be available at the same investor events page by noon ET on February 26, 2026. The company will post the related news release and financial and statistical information at http://www.churchilldownsincorporated.com.

Churchill Downs (Nasdaq: CHDN) announced the Victory Run growth project at Churchill Downs Racetrack, a new four-story premium structure on the first turn to replace uncovered ground-level box seats and dated dining areas.

The company plans to spend $280-$300 million, replace about 6,400 existing seats with premium seating for approximately 7,800 guests, and add private suites, indoor/outdoor dining, and covered box seating. Construction is anticipated to begin after the 2026 Kentucky Derby and to be completed by the 2028 Kentucky Derby, subject to City of Louisville and state incentives approvals; interim temporary seating and enhancements are planned for the 2027 Kentucky Derby.

Churchill Downs Incorporated (Nasdaq: CHDN) reported record third quarter net revenue $683.0M (up 9%) and record Adjusted EBITDA $262.3M (up 11%) for the quarter ended September 30, 2025.

Adjusted net income was $77.1M (up 7%), while GAAP net income was $38.1M (down 42%) due to a one-time after-tax $31.0M impairment of Chasers' gaming rights. The company returned $53.5M via share repurchases, closed acquisition of 90% of Casino Salem for $180M, expanded Virginia HRM capacity (450 and 175 machines), and approved a $0.438 per-share annual dividend payable Jan 6, 2026.

Net bank leverage was 4.1x; new U.S. tax law allows recognition of a $91.2M deferred tax asset tied to prior interest limitations.

Everi (IGT brand) announced a seven-year agreement with Churchill Downs Incorporated (NASDAQ: CHDN) dated Oct. 8, 2025 to deploy Everi CashClub® and additional FinTech solutions across CDI live and historical racing venues and regional gaming properties.

Services include ATM, debit, credit, check processing, Everi Compliance anti-money laundering (AML) technology, and back-end gaming operational tools. The deal builds on existing integrations: Everi's BeOn™ Venue Platform powers the Churchill Downs Racetrack mobile app and IGT supplies historical horse racing games and hardware.

The partnership aims to deliver improved transaction diversity, stronger compliance, smarter data, and personalized patron engagement.

Churchill Downs (NASDAQ:CHDN) has scheduled its Q3 2025 earnings conference call for October 23, 2025, at 8 a.m. ET, following the financial results release after market close on October 22, 2025.

Investors can access the call through a webcast on the company's IR website or via teleconference registration. Participants are advised to dial in 15 minutes before the start time. A replay will be available on the IR website by noon ET on October 23, along with the earnings release and related financial information.

Churchill Downs (NASDAQ:CHDN) has completed the acquisition of a majority stake in Casino Salem, a joint venture in Salem, New Hampshire. The initial phase of Casino Salem commenced operations on July 9th, 2025.

The acquisition, funded through CHDN's existing credit facility, will enable the company to expand its presence in New Hampshire's gaming market. The company plans to implement several strategic initiatives, including rebranding the venue, expanding the gaming floor, and adding new food and beverage concepts. The transaction received necessary approvals from the New Hampshire Lottery Commission.

Churchill Downs (NASDAQ:CHDN) and NBC Sports announced a historic shift of the 152nd Kentucky Oaks to primetime, scheduled for Friday, May 1, 2026, at 8 p.m. ET on NBC and Peacock. This marks the first-ever primetime presentation of the prestigious thoroughbred racing event for three-year-old fillies.

The announcement follows the success of the 151st Kentucky Derby, which peaked at 21.8 million viewers. NBC Sports recently extended its partnership with Churchill Downs, securing rights through 2032 and becoming the longest-running broadcaster of the Kentucky Derby with 32 editions.

Churchill Downs (NASDAQ:CHDN) has announced a new $500 million share repurchase program, replacing its previous program of the same amount authorized in March 2025. The program demonstrates the company's commitment to returning value to shareholders.

The new authorization allows management to conduct share repurchases at their discretion through open market transactions or private negotiations. Notably, the program has no time limit and can be suspended or discontinued at any time. The company may implement these purchases through a 10b5-1 plan or other means.