Church Downs Stock Price, News & Analysis

Churchill Downs Incorporated (CDI) announced the release and discussion date of its second quarter 2024 financial results. The results will be released after market close on July 24, 2024, with a corresponding conference call scheduled for July 25, 2024, at 9 a.m. ET. Interested parties can join the call through a real-time webcast or by registering for teleconference access. URL for accessing the webcast and replay is provided in the announcement. A news release with detailed financial and statistical information will be made available on the company's official website.

Churchill Downs Incorporated (Nasdaq: CHDN) announced the appointment of Sam Ullrich as Vice President of Investor Relations on May 29, 2024. Ullrich brings over 15 years of financial expertise, having previously served as the Director of Commercial and Financial Planning for Kentucky Fried Chicken , a YUM! Brands subsidiary. He has extensive experience from his tenure at PricewaterhouseCoopers and various roles at KFC and YUM, including Interim CFO for KFC U.S. Ullrich will now oversee all aspects of investor relations at CDI, reporting to CFO Marcia Dall.

Churchill Downs Incorporated (CHDN) has officially opened its new 122-room hotel and event center at Terre Haute Casino Resort in Terre Haute, Indiana. The 400,000-square-foot venue, which began operations on April 5, 2024, includes a casino floor with 1,000 slot machines, 36 table games, and a state-of-the-art sportsbook. The resort also features various dining options such as Four Cornered Steakhouse and Rockwood Bar & Grill.

The development, initiated in June 2022, generated nearly 1,000 construction jobs and will create approximately 550 full-time and part-time positions in the region. CEO Bill Carstanjen highlighted the resort's role in attracting visitors and enhancing the local economy. This opening marks a significant milestone for CDI in expanding its entertainment offerings.

Churchill Downs Incorporated (Nasdaq: CHDN) announced the extension of its partnership with NBC Sports to present the Kentucky Derby on NBC and Peacock through 2032. This historic partnership began in 2001, making NBC the first media company to host the event for over three decades. The extension includes multiplatform rights to the Kentucky Derby, Kentucky Oaks, and Derby and Oaks Day programming.

Churchill Downs Incorporated (CHDN) announced the historic 150th running of the Kentucky Derby, setting new betting records on Derby Day and Derby Week. Mystik Dan won the race, thrilling nearly 157,000 fans. Wagering hit unprecedented heights, totaling $320.5 million on Derby Day and $446.6 million for the whole week. The Kentucky Derby continued its global appeal, attracting bets from Japan. CDI introduced new luxury seating areas, boosting the overall fan experience. The company anticipates record Adjusted EBITDA for the Derby Week.

Churchill Downs Incorporated announced a new Kentucky Oaks Day handle record as Thorpedo Anna won the 150th Longines Kentucky Oaks, with a total wagering record of $75.3 million. Despite a 3% decrease in wagering on the Kentucky Oaks race, the event was a success, celebrating deep-rooted traditions and raising money for women's health initiatives.