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The Latest in cdi
Business
April 25, 2024
Churchill Downs Enjoys Exceptional 2024 Start with Strong Q1 Results
The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), released its latest financial update. On Wednesday, the company disclosed insights regarding its performance for the first quarter of 2024 or the quarter that ended March 31, 2024. In its latest trading update, CDI highlighted strong growth in terms of adjusted EBITDA and net revenue. […]
Sports
April 10, 2024
Historical Horse Racing Revenue Growth Undervalued, Says JMP
Historical horse racing (HHR) machines offer a form of gambling entertainment that enables fans to place wagers on recorded horse races. For years, the activity has been expanding its reach, although it remains significantly less popular when compared to sports wagering which is available in nearly 40 US states. Currently, there are several states that […]
Business
April 9, 2024
Churchill Downs Finalizes Sale of United Tote Stake to NYRA
A few years ago, Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, announced its intention to divest its stake in United Tote, a provider of totalizator equipment and services for parimutuel wagering at racetracks. CDI initially acquired the stake in United Tote back in 2010 as a part of an acquisition of Youbet.com. […]
Industry
February 22, 2024
CDI Plans to Open Owensboro Racing & Gaming Early in 2025
Churchill Downs’ parent company, Churchill Downs Incorporated (CDI), announced Wednesday plans regarding its newest historical racing machines (HRMs) entertainment venue. The new HRMs entertainment outlet, Owensboro Racing & Gaming, would represent the company’s seventh such location in Kentucky. Owensboro Racing & Gaming will be located in eastern Daviess County and will use approximately 20 acres […]
Sports
August 1, 2023
Live Racing at Churchill Downs Resumes This September
The world’s most legendary racetrack and home of the famous Kentucky Derby, Churchill Downs Racetrack, will resume its operations starting from next month. On Monday, Churchill Downs Incorporated (CDI) confirmed that live racing will resume for the regularly scheduled meet starting on September 14, 2023. The relaunch of live racing comes after Churchill Downs temporarily […]
Industry
February 16, 2023
CDI Closed Arlington Heights Property Sale with the Bears
Racing and wagering entertainment operator Churchill Downs Incorporated (CDI) announced on Wednesday that it has closed the $197.2 million sale of 326 acres of property in Arlington Heights, Illinois, to the Chicago Bears. Property Sale Completed The sale of the land of the former Arlington International Racecourse property to the Chicago Bears was agreed upon […]
Industry
November 29, 2022
DraftKings to Launch DK HORSE Powered by CDI’s TwinSpires
A multi-year agreement between DraftKings and Churchill Downs Incorporated (CDI) is set to bring pari-mutuel wagering on horse racing to the Boston-based gaming operator, both companies announced today. Pari-Mutuel Horse Wagering App The agreement with CDI will see CDI’s subsidiary and supplier of online horse racing wagering platform, TwinSpires, provide advance deposit wagering (ADW) technology […]
Industry
September 14, 2022
Churchill Downs Racetrack Teams with Venuetize for New App
The world’s most legendary racetrack and home of the Kentucky Derby Churchill Downs Racetrack announced it has entered into a partnership with Venuetize to provide its guests with a customized mobile app experience. New Way to Interact and Navigate The partnership between Venuetize and Churchill Downs Racetrack will see the mobile-first and payment technology supplier […]
Business
June 20, 2022
CDI’s $291m Sale of Land near Calder Casino Completed
Racing, wagering and entertainment operator Churchill Downs Incorporated (CDI) announced Friday that it has successfully closed the transaction for the sale of 115.7 acres of excess land near Calder Casino in Florida. Plans for Additional Sales of Land The $291-million sale of land near CDI’s wholly-owned Calder Casino was initially announced in November last year, […]
Industry
May 9, 2022
CDI’s Kentucky Derby 148 Sets New Wagering Records
Churchill Downs Incorporated (CDI) announced its pinnacle event and a major driver of the company’s financial success, the Kentucky Derby, set new wagering records this year. The 148th edition of the premier horse racing event also surprised experts and pundits by presenting an 80-1 winner, Rich Strike. Kentucky Derby 148 CDI announced the track took […]