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Will Casino Divestitures and Derby Investments Change Churchill Downs' (CHDN) Core Racing-Focused Narrative?

NYRA, Churchill Downs announce new championship series

The New York Racing Association and Churchill Downs have announced a new Thoroughbred Championship Series starting in 2027, comprising six races over five months. This new series, which includes two races at Saratoga, aims to address the challenges of the traditional Triple Crown schedule, …

Churchill Downs, Incorporated $CHDN Shares Bought by Sapient Capital LLC

Sapient Capital LLC significantly increased its stake in Churchill Downs (NASDAQ:CHDN) by 596.9% in the second quarter, now owning 418,966 shares valued at $37.6 million. Other institutional investors also adjusted their holdings. The company reported quarterly EPS of $3.45, meeting analyst expectations, with revenue …

Pacer Advisors Inc. Trims Position in Churchill Downs, Incorporated $CHDN

Pacer Advisors Inc. significantly reduced its stake in Churchill Downs, selling 94.5% of its shares and retaining 18,533 shares worth $1.67 million. Despite this, institutional ownership remains high at 82.59%, and analysts maintain a "Moderate Buy" consensus with an average target price of $136.88. …

Churchill Downs Inc (CHDN) Earnings Forecast: Future EPS & Revenue Growth Estimates

Empowered Funds LLC Buys Shares of 19,026 Churchill Downs, Incorporated $CHDN

Empowered Funds LLC recently acquired 19,026 shares of Churchill Downs, Incorporated (NASDAQ:CHDN) valued at approximately $1.71 million. This purchase is part of a trend where institutional investors collectively own 82.59% of the company. Churchill Downs reported strong quarterly earnings, with revenue up 4.9% year …

Churchill Downs, NYRA team up to start season horse racing title

Churchill Downs and the New York Racing Association (NYRA) are launching the Thoroughbred Championship Series (TCS) in 2027, a new six-race series designed to crown a season-long champion for three-year-old thoroughbreds. The series aims to create ongoing narratives and rivalries, engaging fans throughout the …

Churchill Downs considers Ocean Downs sale after Maryland Preakness deal

Churchill Downs is reportedly considering selling Ocean Downs Casino and Racetrack following Maryland's decision to match Churchill Downs' offer for Preakness. This potential sale was disclosed after the Preakness deal. The Maryland Lottery and Gaming agency has not yet received information regarding this possible …

Churchill Downs Explores Sale of Ocean Downs Casino Amid Broader Portfolio Review

Churchill Downs Inc. is considering selling its Ocean Downs Casino and Racetrack as part of a wider review of its gaming portfolio and capital allocation priorities, according to a recent SEC filing. The company owns nine properties across eight states and has not set …

Ocean Downs owner considers property sale

Churchill Downs Inc., owner of Ocean Downs casino and racetrack in Berlin, Maryland, is considering selling the property as part of a review of its regional gaming assets. This move aligns with a corporate strategy to reinvest in Churchill Downs racetrack, the Kentucky Derby, …

Churchill Downs teams with NYRA to create horse racing championship

Churchill Downs and the New York Racing Association (NYRA) are launching the Thoroughbred Championship Series (TCS) in 2027, a new six-race championship for three-year-old Thoroughbreds. The series aims to create season-long storylines, rivalries, and a playoff atmosphere, culminating in a champion based on a …

Future of Fair Grounds In New Orleans Assured By CDI

Churchill Downs Inc. (CDI) CEO Bill Carstanjen has confirmed the company will retain its Fair Grounds properties in Louisiana, despite exploring the sale of other casino and track properties. This commitment ensures the future of Fair Grounds, which is home to the Louisiana Derby …

Churchill Downs (CHDN) Stock Looks Well Below Fair Value Today

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Churchill Downs stock has had a tough run over the past three years, while the current valuation checks, including an intrinsic value estimate from a Discounted Cash …

Preakness, Pimlico left out of new race series by Churchill Downs, Belmont

Churchill Downs Inc. and the New York Racing Association Inc. announced a new six-race Thoroughbred Championship Series starting in 2027, excluding the Preakness Stakes and Pimlico. This announcement came just days after Maryland finalized an $85 million deal to acquire the Preakness

Churchill Downs (CHDN) Could Be 38% Undervalued On New Racing Series Plans

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Churchill Downs (CHDN) is back in focus after it and The New York Racing Association outlined the new Thoroughbred Championship Series, a six …

Is Churchill Downs (CHDN) Turning Its Derby Franchise Into a Year-Round Media Asset?

Churchill Downs Incorporated and The New York Racing Association recently launched the Thoroughbred Championship Series, a six-race, points-based three-year-old championship from 2027 across Churchill Downs, Belmont Park, and Saratoga with US$5.00 million in prize money and national broadcasts on NBC and FOX. This series …

Churchill Downs Sells Nine Casinos To Refocus On Racing

Churchill Downs Inc. is divesting nine casino properties across seven states to sharpen its focus on horse racing and online wagering. This strategic shift, advised by Macquarie Capital, aims to reduce debt, fund reinvestment in its flagship racetrack, and enable share repurchases. The move …

Churchill Downs and NYRA Announce New Thoroughbred Championship Series Beginning in 2027

Churchill Downs Incorporated and The New York Racing Association have announced the creation of the Thoroughbred Championship Series, a new six-race competition beginning in 2027. This series will establish an annual season-long championship for America's leading three-year-old Thoroughbreds, uniting iconic venues like Churchill Downs, …

Churchill Downs and New York Racing Association unveil 6-race championship series

Churchill Downs Incorporated and the New York Racing Association have announced a new six-race championship series that includes the Kentucky Derby and Belmont Stakes, offering a $5 million prize pool. The series, set to begin next year, will span five months and feature races …

Churchill Downs, NYRA announce new six-race series for three-year-old thoroughbreds

Churchill Downs and the New York Racing Association (NYRA) have collaborated to introduce a new six-race series for three-year-old thoroughbreds. This series aims to provide a structured path for horses transitioning from their two-year-old season to more prominent races, potentially culminating in major events …

Churchill Downs rides big Kentucky Derby week to record net revenue in Q2

Churchill Downs Inc. reported a record net revenue of $980M for its Q2, a 5% increase from the previous year, largely driven by a record-breaking Kentucky Derby week. This performance included record all-source wagering, increased peak and average Derby viewership, and a $21M revenue …

28,921 Shares in Churchill Downs, Incorporated $CHDN Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. has acquired a new stake of 28,921 shares in Churchill Downs, Incorporated (NASDAQ:CHDN), valued at approximately $2.598 million. This comes as several other institutional investors have adjusted their holdings in the company. Analyst ratings for CHDN are mixed, with an average …

Horse Racing’s Biggest Events Unite in Landmark New “Thoroughbred Championship Series”

Churchill Downs Incorporated (CDI) and The New York Racing Association (NYRA) have announced the creation of the "Thoroughbred Championship Series," a new six-race competition beginning in 2027. This series aims to establish an annual season-long championship for America’s leading three-year-old Thoroughbreds, running across Churchill …

Segall Bryant & Hamill LLC Has $13.67 Million Stock Holdings in Churchill Downs, Incorporated $CHDN

Churchill Downs May Sell Terre Haute Casino

Churchill Downs Inc. is exploring the potential sale of several regional casino properties across the United States, including the Terre Haute Casino Resort. This move follows a comprehensive review of its operational portfolio and long-term capital allocation priorities. The company has filed this plan …

Churchill May Sell Several Casino Properties, Including Presque Isle Downs

Churchill Downs Inc. (CDI) announced plans to sell nine casinos, including Presque Isle Downs, to refocus on its horse racing operations in Kentucky, Louisiana, and Virginia, and its TwinSpires ADW. This news caused CDI's stock to fall nearly 7 percent. The company aims to …

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Churchill Downs Inc. announced plans to sell nine of its casinos across several states, including Florida, Indiana, and Iowa. This strategic move aims to redirect focus and resources toward its core horse racing operations in Kentucky, Louisiana, and Virginia, as well as its online …

Churchill Downs (CHDN) Stock Sinks Despite Record Revenue As Margins Tighten

CDI Plans to Sell Nine Casinos, Including Presque Isle

Churchill Downs Inc. (CDI) announced plans to sell nine of its wholly-owned casinos, including Presque Isle Downs, to refocus on its horse racing and pari-mutuel properties like the Kentucky Derby, historical horse racing (HHR), and TwinSpires.com. The company will retain Fair Grounds Race Course …

Why Churchill Downs Incorporated (CHDN) Stock Is Down Today

Churchill Downs Incorporated (CHDN) stock dropped 9.0% today, likely due to a negative market reaction to its second-quarter 2026 results and conference-call commentary. Investors had high expectations following strong Derby-related momentum, and any disappointment regarding earnings, margin outlook, or guidance could have triggered the …

CDI exec: Company is 'pleased' with plan to sell casinos

Churchill Downs Inc. CEO Bill Carstanjen expressed satisfaction with the company's plan to explore selling Presque Isle Downs and Casino and eight other regional gaming properties. Despite missing earnings per share estimates, Carstanjen highlighted that these are strong assets and the current market environment …

Presque Isle Downs & Casino among those to be sold by Churchill Downs

Churchill Downs Inc. plans to sell Presque Isle Downs & Casino and eight other gaming properties to focus on its flagship Churchill Downs Racetrack and the Kentucky Derby. The decision follows a review of its operational portfolio, with proceeds intended for debt reduction, reinvestment …

Churchill Downs Incorporated Announces Update on Capital Projects at Churchill Downs Racetrack for 2027 and 2028

Churchill Downs Incorporated (CDI) has announced updates on three major capital projects at Churchill Downs Racetrack, slated for completion in 2027 and 2028. These projects include the new Victory Run premium hospitality area, an expansion of the Homestretch Club, and significant upgrades to the …