Business
December 7, 2021
CDI Sale of TwinSpires May Already Have a Target
Last week, rumors surfaced that Churchill Downs was considering selling its TwinSpires Racing division. One market observer believes that a familiar name could make a bid. Brian Lichtor, a Roundhill Investments analyst, believes it is likely that TwinSpires will mention Fanatics as a potential suitor. He cites Fanatics’ well-known wagering ambitions. Fanatics Looks For Larger […]
Sports
December 6, 2021
New Test Results Prove Medina Spirit’s Innocence, Says Bob Baffert’s Attorney
Medina Spirit, trained by Bob Baffert, was the big winner of the Kentucky Derby in May this year. Following the hype of the win, a urine sample of the colt tested positive for the anti-inflammatory drug betamethasone. Betamethasone is a legal drug that is not allowed during races. Following the positive test, Medina Spirit’s win […]
Business
December 3, 2021
Churchill Downs Inc. May Sell Sports Wagering Platform TwinSpires
Churchill Downs Incorporated is currently contemplating the idea of selling TwinSpires Racing, according to knowledgeable sources who have chosen to remain anonymous, says Bloomberg. The information has not yet been shared with the public. According to the report, if the deal goes through, the company would cash in $1.5 billion. Churchill Downs Inc. owns and […]
Sports
October 5, 2021
WynnBET Taps Churchill Downs Online Guru Ian Williams as COO
WynnBET has appointed Ian Williams, an iGaming veteran with over 20 years of experience under his belt, as the company’s new chief operating officer (COO). Williams will be responsible for WynnBET’s extensive operations across numerous verticals as well as the brand’s trading, marketing, payments, customer service, and data science teams, and he will report to Wynn […]
Sports
June 18, 2021
Arlington International Racecourse Could Move from Horses to Bears
Horses have been running races at Arlington International Racecourse since 1927, but the track might soon be overrun by bears. Churchill Downs Inc. (CDI) is the current owner of the track and its massive 326-acre property, but announced earlier this year that it would sell the location for redevelopment. According to the Chicago Tribune, the […]
Sports
June 3, 2021
Hall of Fame Racehorse Trainer Bob Baffert Banned by Churchill Downs
Bob Baffert is hoping that independent tests on his Kentucky Derby-winning horse will soon clear his name. Medina Spirit won the hugely popular horse race a month ago and, as standard practice, was submitted to a drug test. When the test returned an indication of steroids in the horse’s system, another test was administered, reaching […]
Legal
April 30, 2021
Nevada Gaming Control Board Expands Horse Betting Options
On Wednesday, Nevada horseplayers received good news from the Gaming Control Board, which grants racebooks to accept bets on more races from Churchill Downs, not just Kentucky Oaks, and the Kentucky Derby. Nevada Horseplayers with More Betting Options Nevada Gaming Control Board has granted racebooks the right to allow horse bettors to bet on more […]
Business
April 27, 2021
TwinSpires Completes Migration to GAN’s Platform ahead of Derby Week
TwinSpires, CDI’s digital foray into the betting and gaming space, has completed its successful transition onto GAN Limited’s platform. GAN Completes Successful TwinSpires Migration GAN Limited continues to deepen its connection with TwinSpires, Churchill Downs Incorporated’s sports betting and iGaming operators in several jurisdictions in the United States. On Monday, the company announced the successful transition of the online […]
Business
November 2, 2020
Record Online Betting Triples Churchill Downs Q3 Profit
Churchill Downs Incorporated (CDI)‘s Q3 profit nearly tripled, thanks to an increase in online betting activity on its platform Twinspires. Net Profit Soars Thanks to Online Betting Growth Gambling operator CDI has reported a 10.3% year-on-year net revenue increase for the third quarter. The rescheduling of the Kentucky Derby boosted CDI’s online betting net profit […]
Sports
August 13, 2020
Kentucky Derby to Return, But Occupancy Limited Says Andy Beshear
The Kentucky Derby will take place on September 5, hosting supposedly only 40% of the regular venue capacity. Yet, according to Gov. Andy Beshear, the occupancy limit may fall to 15%. The Derby to Return, Occupancy Limited With the Kentucky Derby returning, Churchill Downs officials have released 63-page guideline on how the event is going […]