Churchill Downs Inc. (CHDN) is a globally recognized multi-jurisdictional provider of pari-mutuel wagering, online account wagering on horse racing, and casino operations. It is most notable for its namesake, Churchill Downs Racetrack – the legendary home of the Kentucky Derby.
Established in 1875, the company is headquartered at the historic Churchill Downs in Louisville, Kentucky. Over the years, the company has grown significantly and now owns and operates multiple racing facilities and casinos in different regions, which include the Arlington Park Racecourse, Calder Casino, Fair Grounds Race Course, Miami Valley Gaming, and Riverwalk Casino-Hotel, among many other properties.
Despite its traditional roots in horse racing, Churchill Downs Inc. maintains a diversified portfolio of businesses. It is a considerable player in the online gaming sector, offering wagering through its TwinSpires platform. This online business has solidified the company’s leadership in the broader entertainment industry through the use of technology and innovation.
Furthermore, Churchill Downs Inc. has a robust business model structured on four segments: Racing, Casinos, TwinSpires and other Investments. The Racing segment involves earnings from wagering on live thoroughbred racing and training fees. The Casinos operation provides brick-and-mortar real-money casino gaming, offering a range of slot, table game and poker machine offerings. The TwinSpires segment covers both online and telephone wagering on horse races. Lastly, the 'other investments' segment includes certain corporate costs and expenditures that are not allocated among the company's other operating segments.
The company has been listed on the NASDAQ with the ticker symbol 'CHDN' and is a part of the S&P 400 index. The financial performance of Churchill Downs Inc. has been on the rise, with the company reporting solid revenues and earnings, driven by its diversified business segments and strong operational performance. It has also been noted for its sustained efforts in community development and charity. Its charitable initiative, Churchill Downs Incorporated Foundation, has made significant contributions in areas of education, public health, and the betterment of the racing industry.
Churchill Downs Inc. has marked its dominance in the racing and entertainment industry with its dedication towards customer service, commitment to excellence, and strategic growth initiatives. Few companies can boast hosting an event synonymous with a sport the way Churchill Downs Inc. can with the Kentucky Derby, which truly sets it apart in a class of its own.
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Churchill Downs Inc. CEO Bill Carstanjen discusses the future of the Triple Crown and the new Thoroughbred Championship Series. This interview, the first of four parts, delves into CDI's unsuccessful bid for the Preakness intellectual property rights, the revised Triple Crown race schedule, and the challenges of engaging modern horse racing fans. Carstanjen emphasizes the need to adapt the sport to keep audiences interested beyond the Kentucky Derby.
Churchill Downs Inc. CEO Bill Carstanjen discusses the future of the Triple Crown and the new Thoroughbred Championship Series. He explains Churchill's bid for the Preakness intellectual property rights, the impact of Maryland matching the offer, and the rationale behind the new six-race series aimed at maintaining fan engagement beyond the Kentucky Derby. Carstanjen also addresses the challenges of attracting and retaining modern audiences in horse racing.
Churchill Downs Inc. CEO Bill Carstanjen stated that the Preakness Stakes could have been moved to the summertime if CDI had secured intellectual-property rights, expressing his company's desire to modernize the Triple Crown. He also criticized Horseracing Integrity and Safety Authority CEO Lisa Lazarus for her response to his call for an FTC investigation, citing concerns about HISA's digital security and handling of medication violations. Carstanjen further discussed CDI's approach to computer-assisted wagering, asserting that their internal management and higher fees for CAW clients prevent the issues seen at other tracks.
Trainer Jordan Blair expresses strong confidence in his 5-year-old gelding, This Is Uscar, for the upcoming $500,000 Lukas Classic (Grade 2) at Churchill Downs, despite being an 8-1 morning-line contender. Blair believes the horse is maturing at the right time, showing increased relaxation and professionalism, which he sees as crucial for handling the extended mile-and-an-eighth distance. The article also touches upon jockey and trainer standings with four days left in the September Meet.
Bank of America Corp DE has acquired a new stake of $69.10 million in Churchill Downs, Incorporated (NASDAQ:CHDN), purchasing 770,846 shares. Institutional investors collectively own 82.59% of the company. Churchill Downs recently reported strong quarterly revenue of $980 million, a 4.9% increase year-over-year, and earnings per share of $3.45, matching analyst expectations, with a consensus "Moderate Buy" rating among analysts.
Churchill Downs Inc. has been recognized as one of Louisville Business First's 2026 Corporate Philanthropist honorees in the $100+ revenue category. This acknowledgment highlights the company's significant philanthropic contributions. The article is part of a larger series introducing all 30 corporate philanthropist honorees.
Churchill Downs Incorporated (CDI) has successfully priced a $500 million senior secured Term Loan B due 2033. The company plans to use the net proceeds to repay existing Term Loan B loans and revolving loans, cover transaction fees, and for general corporate purposes. CDI also intends to redeem its 5.50% Senior Notes due 2027 using its revolving credit facility.
Juddmonte's Audubon Oaks winner Conceit is set to make her graded debut in the $300,000 Dogwood Stakes (G3) at Churchill Downs, facing Grade 1 winner Explora. Trained by Brad Cox, Conceit enters the race with back-to-back victories, including the Audubon Oaks. The Dogwood Stakes will feature a competitive field of fillies, with Explora as the morning-line favorite.