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) 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.
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