Business
February 23, 2023
CDI Reports Revenue Growth of 13% To Record $1.81B in 2022
Overall, the net revenue reported by Churchill Downs Incorporated (CDI) for the year ended December 31, 2022, hit $1.81 billion, a new record for the company. This result, when compared to the $1.6 billion figure reported in 2021, marked an increase of 13%. Not unexpectedly, the net income reported by CDI in 2022 increased as […]
Business
January 10, 2023
Bet365 Expands in Pennsylvania after New CDI Partnership
Churchill Downs Incorporated (CDI) announced that it has entered into a multi-year agreement with bet365. The UK-based operator will use CDI’s wholly-owned subsidiary Presque Isle Downs & Casino to launch in Pennsylvania after the necessary regulatory approvals. This mutually beneficial deal will allow CDI to focus on its primary horseracing mobile wagering business. Bet365 Marches […]
Sports
December 20, 2022
Churchill Downs to Acquire Exacta Systems in a $250M Deal
On Monday, Churchill Downs Incorporated revealed it has come to a definitive agreement to acquire in full the outstanding interests in Exacta Systems, a leading provider of solutions and technology used for operating historical horse racing (HHR) businesses. Churchill Downs to Acquire Remaining Interest in Exacta The newly announced definitive agreement has a price tag […]
Business
December 19, 2022
Churchill Downs Expands Its Board Adding Andréa Carter
Andréa Carter has more than two decades of experience in human resources as a part of different global companies. She currently holds the position of senior executive vice president and chief human resources officer for Global Payments and now became a part of CDI’s Board of Directors. HR Expert Andréa Carter Joins CDI’s Board of […]
Business
November 2, 2022
CDI Finalizes P2E Acquisition in a $2.75bn Deal
Churchill Downs’ parent company, Churchill Downs Incorporated (CDI), announced Tuesday the completion of the acquisition of Peninsula Pacific Entertainment (P2E). CDI Acquires Multiple P2E Land-Based Assets Completing the acquisition of P2E comes after CDI received the necessary approvals from the New York State Gaming Commission, the Virginia Racing Commission and the Iowa Racing and Gaming […]
Business
October 27, 2022
Churchill Downs Reports 4.5% AEBITDA Rise
At the beginning of September, horse racing company and owner of Churchill Downs racetrack Churchill Downs Incorporated (CDI) signed a strategic deal with FanDuel, agreeing to supply the operator with services and technology that would allow customers to place pari-mutuel bets on races by the CDI. During the same time, Churchill Downs also announced it […]
Business
September 27, 2022
Churchill Downs Finalizes Acquisition of Ellis Park for $79M
The industry-leading racing, online betting and gaming entertainment company, Churchill Downs Incorporated, announced it finalized an important acquisition. CDI Finalizes Takeover of Ellis Park The company revealed Monday it completed the takeover of Ellis Park Racing and Gaming, located in Henderson, Kentucky in a deal completed in cash consideration of $79 million. The new acquisition will further boost […]
Business
September 16, 2022
Churchill Downs Puts Forward $79M to Acquire Ellis Park
Horse racing and betting company Churchill Downs Incorporated has penned a key deal that will see it add another property to its portfolio. The horse racing giant will pay $79 million to acquire Ellis Park Racing & Gaming along with the Ellis Park thoroughbred racetrack in Henderson, Kentucky and the opportunity to open a new […]
Industry
September 9, 2022
Churchill Downs Joins Forces with FanDuel
Churchill Downs Incorporated (CDI), a horse racing company and owner of the Churchill Downs racetrack, has penned a new strategic deal. The racing expert joined forces with FanDuel, one of the leaders in US gambling. As per the agreement, Churchill Downs will supply its new partner with its advanced horse racing solutions. CDI to Power […]
Poker
September 7, 2022
Churchill Downs Expands into New Hampshire after Key Acquisition
Online wagering and gaming entertainment company Churchill Downs Incorporated (CDI) announced that it had finalized the purchase of the Chasers Poker Room in Salem, New Hampshire. The transaction has been approved by the New Hampshire Lottery Commission, meaning the operator will be able to offer its historical horse racing business in four states. An official […]