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 […]
Casino
March 9, 2022
CDI’s Queen of Terre Haute Casino Resort Moves a Step Closer
Churchill Downs Incorporated (CDI) formally presented to the Indiana Gaming Commission (IGC) a new location for the Queen of Terre Haute Casino Resort in a meeting Thursday. Presenting the New Location At the IGC meeting, the land-based casino and horse racing operator was represented by its SVP of Corporate Development Jason Sauer and SVP of […]
Business
February 24, 2022
CDI Posted Strong Fourth Quarter and Full Year 2021 Growth
Churchill Downs Incorporated (CDI) announced its fourth-quarter and full-year ended December 31, 2021, financial results posting solid growth year-over-year. Key Financial Metrics Casino and horse racing operator CDI posted Q4 2021 net income of $43.3 million, up 153% on $17.1 million registered in Q4 2020. The net income figure was derived from fourth-quarter revenue of […]
Casino
February 22, 2022
CDI Expands Live and Historical Horse Racing Geographical Reach
Racing, wagering and gaming entertainment company Churchill Downs Incorporated (CDI) announced today it entered into a definitive agreement to acquire assets of Peninsula Pacific Entertainment (P2E). Acquire Additional Scale The $2.485 billion acquisition deal will see CDI acquire all Peninsula assets in Virginia and New York and its operations of the Sioux City casino in […]
Casino
November 18, 2021
IGC Selects CDI’s $240m Terre Haute Casino Resort Bid
The Indiana Gaming Commission (IGC) approved Churchill Downs Incorporated (CDI) to become the operator of the state’s 13th casino slated to appear in the city of Terre Haute in Vigo County. Winner of the Competitive Bid Process CDI’s wholly-owned subsidiary CDITH submitted its application to develop what it named the Queen of Terre Haute Casino […]
Industry
August 2, 2021
TwinSpires Targets Arizona Market Access with the Tonto Apache
Horse racing and online wagering brand TwinSpires announced it entered into a partnership deal with the Tonto Apache Tribe to seek entry into the recently legalized sport betting market in Arizona. Targeting Retail and Online Sports Betting The partnership between the brand owned by Churchill Downs Incorporated (CDI) and the tribe behind the Mazatzal Hotel […]