Churchill Downs Incorporated
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- William C. Carstanjen
- Full Time Employees
- 7,800
- Sector
- Consumer Cyclical
- Industry
- Gambling, Resorts & Casinos
- Address
- 600 North Hurstbourne Parkway Louisville KY United States of America 40222
- IPO Date
- Mar 29, 1993
- CIK
- 0000020212
- Similar Companies
- Business
- Churchill Downs Incorporated is a diversified entertainment company primarily engaged in live Thoroughbred horse racing, pari-mutuel wagering, online wagering, and regional casino gaming. The company operates flagship assets including the Churchill Downs Racetrack in Louisville, Kentucky, home of the Kentucky Derby, alongside other racetracks and historic horse racing (HHR) facilities primarily in Virginia and Kentucky. Its product and service portfolio comprises live horse race wagering; online account wagering facilitated through its TwinSpires platform; advanced deposit wagering services; historical horse racing technology including slot-like machines; casino gaming at properties such as The Rose Gaming Resort and Rosie’s Gaming Emporium venues; sports wagering and hospitality services including fine and casual dining; and comprehensive event management and customer service operations. Recent strategic developments include a multi-stage $1.2 billion financing initiative supported by Louisville Metro industrial revenue bonds to fund extensive renovations and expansions at Churchill Downs Racetrack, including a $300 million first turn construction project to enhance the Kentucky Derby experience. The company announced a $500 million share buyback program reflecting its strong cash flow and confidence in long-term growth. It has formed a seven-year strategic relationship with Everi for the rollout of fintech products across its live and historical racing entertainment venues and regional casinos. In 2024, the company opened The Rose Gaming Resort in Northern Virginia and expanded its HRM footprint, driving substantial revenue growth. Operational improvements and a customer-centric service approach continue to strengthen its wagering and hospitality offerings. Founded in 1915 and headquartered in Louisville, Kentucky, Churchill Downs Incorporated operates across the United States with significant properties and venues in Kentucky and Virginia. It segments its business into wagering services and solutions—encompassing online and advanced deposit wagering and historical horse racing technologies—and gaming and resort operations including casino resorts and related amenities. The company targets horse racing enthusiasts, online wagering customers, casino patrons, and regional gaming markets. Churchill Downs maintains partnerships and strategic investments to adapt to evolving consumer preferences and competitive dynamics in the entertainment and gaming industries. Overall, Churchill Downs Incorporated presents a comprehensive platform combining revered horse racing heritage with diversified modern wagering, gaming, and hospitality services bolstered by recent major capital investments, strategic alliances, and expanded operational footprints. This positions the company for sustained financial performance and long-term growth in the global entertainment and gaming sectors.
Company News
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Churchill Downs Incorporated (CHDN) Discusses Creation of Thoroughbred Championship Series Linking Iconic Races Transcript