Churchill Downs Inc.

In Advance Of Derby City Gaming Opening, Churchill Downs Gets OK For Additional Historical Racing Machines

Churchill Downs Incorporated (Nasdaq:CHDN) announced that it has received approval from the Kentucky Horse Racing Commission (KHRC) to increase from 600 to 900 historical racing machines for the opening of its new Derby City Gaming facility.  KHRC also conditionally approved the Ainsworth Game Technology historical racing operating system and an initial group of game themes […]

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Churchill Down Nixes Mississippi Casino Purchase; Presque Isle Deal Still In Place

Churchill Downs Incorporated (“CDI” or the “Company”) announced that it has terminated its definitive purchase agreement to acquire substantially all of the assets and properties used in connection with the operation of Lady Luck Casino in Vicksburg, Mississippi ( the “Lady Luck Vicksburg Transaction”) and amended its previously announced definitive purchase agreement (the “Amendment”) to […]

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A ‘Sidewalk’ Between Them? Florida Horsemen, Calder Do Battle In Court

A Florida judge heard arguments Tuesday from horsemen and state gambling regulators over whether Calder Race Course should legally be able to maintain its slots license. At issue is a state law that says slot machine areas must remain “contiguous and connected” to the area where live races are taking place. It a lawsuit, the […]

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Churchill Downs Inc. Partners With Golden Nugget, Targets Online Gaming, Sports Betting In New Jersey

Churchill Downs Incorporated (CDI) (Nasdaq:CHDN) today announced an agreement with Golden Nugget Atlantic City (“Golden Nugget”) to enter into the New Jersey real money online gaming (iGaming) and sports betting markets, subject to sports wagering legislation and gaming license approvals. CDI is targeting the first quarter 2019 to begin accepting legal wagers for iGaming and sports […]

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View From The Eighth Pole: Who Wins From Sports Betting?

We woke up in a different world today. Yesterday, outside of the state of Nevada, the only legal “sports” betting in the United States was on horse racing. Today, or more realistically in the coming months and years, Americans will be able to bet on baseball, basketball, football and hockey, among other sports. They’ll be […]

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Record $225.7 Million Wagered On Kentucky Derby Day Program

Fans braved a steady all-day rain and the wettest Kentucky Derby ever as Justify captured the 144th Kentucky Derby Presented by Woodford Reserve over a sloppy track. Attendance of 157,813, was the eighth highest attendance figure in track history. Wagering from all-sources was the highest all-time on both the Kentucky Derby Day program and on […]

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The Friday Show Presented By Editorial, A Climax Stallion: A Return To Hialeah Glory?

The word this week out of Florida shouldn’t be all that surprising considering the bizarre nature of the state’s racing regulations and loopholes. Churchill Downs Inc., has obtained a jai alai permit for Calder Racecourse, the racetrack currently being leased to the Stronach Group as Gulfstream Park West. Why would the owner and operator of […]

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As Florida Lawmakers Race To Pass Gambling Bill, Churchill Downs And Calder Look Toward Jai Alai

With the clock ticking down to Friday’s conclusion of the 2018 legislative session in Florida, lawmakers are scrambling to pass a wide-ranging gambling bill. Nothing new there, since legislators have been working unsuccessfully on gambling bills for several years. What makes 2018 different is a constitutional amendment that will be on the general ballot this […]

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Rankin Elected Chairman Of Churchill Downs Inc. Board Of Directors

Alex Rankin has been elected elected chairman of the board of directors of Churchill Downs Inc., effective April 24, when longtime director and current chairman, G. Watts Humphrey Jr., steps down. Humphrey, a prominent Thoroughbred owner and breeder who has served on numerous horse industry boards, opted not to stand for re-election to the CDI […]

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CDI Announces Purchase Of Presque Isle, Lady Luck Casino

Churchill Downs Incorporated (“CDI” or the “Company”) (NASDAQ:CHDN) today announced that it has entered into two separate definitive purchase agreements to acquire Presque Isle Downs & Casino (“Presque Isle”) in Erie, Pennsylvania, and Lady Luck Casino (“Lady Luck Vicksburg”) in Vicksburg, Mississippi for total aggregate consideration of approximately $229.5 million, to be paid in cash. […]

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