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Industry
May 5, 2025
Churchill Downs Sees Record Handle as Sovereignty Wins Kentucky Derby
Churchill Downs Incorporated (CDI) announced Sovereignty as the winner of the 151st running of the Kentucky Derby. In addition to that, the company noted that this year, a record-breaking $394 million has been wagered on the event. Sovereignty Prevailed at the Main Race In its official announcement, CDI confirmed that Sovereignty has claimed the Garland […]
Industry
January 14, 2025
Churchill Downs Takes MGCB to Court over TwinSpires Suspension
Churchill Downs, a prominent horse racing and gaming company in America, has filed a lawsuit against the Michigan Gaming Control Board (MGCB). The suit is related to the recent suspension of the TwinSpires online platform. Michigan Asked ADW Operators to Cease Their Activities Earlier this month, the MGCB issued a summary suspension order against TwinSpires, […]
Business
December 24, 2024
Churchill Downs Dumfries VA Casino Hotel Shows Signs of Strengths
The Rose Casino Hotel in Dumfries, Virginia, owned by Churchill Downs has been up and running for two months now, although it has not opened to the general public yet. Regardless, a recent report by Stifel analyst Jeffrey Stantial suggests that Churchill Downs is a “buy” rating with its stock price target set at $164 in […]
Legal
December 10, 2024
Churchill Downs and NYRA File Lawsuit Against HISA Over Fee Dispute
Churchill Downs Inc. (CDI), which owns the Kentucky Derby, and the New York Racing Association (NYRA), which runs major New York tracks like Belmont Park and Saratoga Race Course, have started a legal battle against the Horseracing Integrity and Safety Authority (HISA). They filed the lawsuit on December 4 in a Kentucky federal court. CDI […]
Industry
August 9, 2024
Churchill Downs Floods Northern Virginia Residents With The Rose Ads
At the end of February, Nasdaq-listed Churchill Downs Incorporated announced it received approval from the Town of Dumfries to open Phase One of The Rose Gaming Resort (The Rose) with 1,650 historical racing machines (HRMs), 500 more than the original plan. The $460-million gaming resort, which was scheduled to open 25 miles south of Dumfries […]
Business
May 15, 2024
CDI Opens 122-Room Hotel at Terre Haute Casino Resort
Churchill Downs Incorporated (CDI) has officially opened its new 122-room hotel and event center at Terre Haute Casino Resort. The new addition to the Indiana property is set to add additional vibrancy to the complex. CDI broke ground on the entertainment venue in June 2022 in partnership with construction specialist Wilhelm Construction. The development of […]
Sports
May 6, 2024
Mystik Dan Conquers Churchill Downs’ Refurbished Racetrack
This year’s edition of the Kentucky Derby ushered in a new era for horse racing. According to Churchill Downs, which hosts the derby, the renovated track changed how fans experience the races. For context, Churchill Downs just completed its $200 million renovation. The company started the project almost three years ago and managed to complete […]
Legal
April 19, 2024
Court Rejects Effort to Get Baffert Trainee to Run in the Kentucky Derby
The Jefferson County Circuit Court has rejected thoroughbred owner Amr Zedan’s plea to allow his horse Muth to run in the upcoming Kentucky Derby. To contextualize, Muth is a horse trained by the controversial trainer Bob Baffert who was suspended in 2021. Baffert was suspended after one of the horses he trained, Medina Spirit, tested […]
Business
February 9, 2024
Churchill Downs Forms Strategic Partnership with SAP America
Churchill Downs Incorporated (CDI) has unveiled a multi-year partnership with SAP America, a global market leader in enterprise application software. Under the deal, SAP will leverage its tech expertise to serve as the official technology partner of Churchill Downs Racetrack, the Kentucky Derby, and Kentucky Oaks. In addition, the agreement includes naming rights for the […]
Sports
October 11, 2023
Churchill Downs Boss Denies TwinSpires Sale in the Cards
On Tuesday, an interesting panel of the Global Gaming Expo (G2E) took place, a “View From the Top” keynote that included CNBC’s Contessa Brewer and representatives of three major gaming and entertainment companies, Entain’s chief executive, Jette Nygaard-Andersen, MGM Resorts International’s CEO, Bill Hornbuckle, and Bill Carstanjen, CEO of Churchill Downs Incorporated (CDI). Brewer spoke […]