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Churchill Downs
-4.41%
Entertainment / Horse racing and gambling entertainment
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Webis that it is a publicly traded company that operates the famous Churchill Downs racetrack in Louisville, Kentucky. It is also the owner and operator of other race tracks, casinos, and online wagering platforms. The company was founded in 1875 and has since become a prominent player in the horse racing and gaming industries. One of its key events is the annual Kentucky Derby, known as the "most exciting two minutes in sports." Churchill Downs Inc. also owns several other major horse racing events, including the Kentucky Oaks and the Breeders' Cup. In addition to horse racing, the company also operates casinos in several states, including Mississippi, Louisiana, and Indiana. Its online wagering platform, TwinSpires, allows users to bet on horse races from anywhere in the world.
Churchill Downs Inc. is committed to promoting responsible gambling and has partnered with organizations such as the National Council on Problem Gambling to provide resources for individuals with gambling disorders. The company also supports charitable initiatives, including the Churchill Downs Incorporated Foundation, which focuses on improving the lives of those in the Louisville community.
Overall, Churchill Downs Inc. is a well-respected company in the horse racing and gaming industries, known for its iconic racetrack and top-rated events. It continues to grow and innovate, with plans to expand its reach through new partnerships and initiatives.
1. Iconic Venue: Churchill Downs is the world-renowned home of the Kentucky Derby, one of the most prestigious and oldest horse racing events in the United States.
2. Legacy and History: Churchill Downs has a rich history, dating back to its establishment in 1875. It has hosted some of the most iconic moments in horse racing, such as the Triple Crown wins of American Pharoah and Justify.
3. Diversified Business Portfolio: While the Kentucky Derby is its most famous event, Churchill Downs also owns and operates other horse racing tracks and casinos across the United States. This allows the company to generate revenue from multiple sources and reduce risk.
4. Innovation and Adaptability: Churchill Downs has shown a willingness to innovate and adapt to changing times. It was the first horse racing track to adopt online betting, and it continues to modernize its facilities and operations to attract a new generation of fans.
5. Strong Financial Performance: Churchill Downs has consistently reported strong financial results, with growing revenues and profits. Its stock has also performed well, increasing in value over the past few years.
6. Commitment to Responsible Gaming: The company places a strong emphasis on responsible gaming and has implemented various measures to prevent and address gambling addiction.
7. Cultural and Economic Impact: Churchill Downs is not just a company, but also a cultural icon that brings people together and has a significant economic impact on the city of Louisville, Kentucky, where it is based.
8. Philanthropic Efforts: Churchill Downs has a long history of giving back to the community through various philanthropic initiatives. It has partnered with organizations like Thoroughbred Aftercare Alliance and the Permanently Disabled Jockeys Fund to support retired racehorses and injured jockeys.
9. Strong Brand Recognition: The name and logo of Churchill Downs are instantly recognizable, making it a powerful and respected brand in the horse racing industry.
10. Leadership: The company is led by a team of experienced and knowledgeable executives who have a deep understanding of the horse racing industry and a track record of success.
Churchill Downs Inc. is a diversified entertainment company that primarily operates in the horse racing industry. Their business model includes the following key elements:
1. Racing Operations: Churchill Downs operates world-renowned thoroughbred and harness racetracks, including the iconic Churchill Downs Racetrack in Louisville, Kentucky, which is home to the Kentucky Derby.
2. Gaming: The company also owns and operates casinos in Kentucky, Louisiana, Mississippi, Ohio, and Florida.
3. Online Wagering: Churchill Downs owns and operates the online wagering platform, Twinspires.com, which allows customers to bet on horse races from anywhere in the US.
4. Hospitality: The company owns and operates various hospitality facilities and services at their racetracks, including premium seating, dining, and event spaces.
5. Derby City Gaming: Churchill Downs also recently opened Derby City Gaming, a historical horse racing venue, in Louisville, Kentucky.
6. Thoroughbred Training: The company owns and operates a thoroughbred training facility, The Thoroughbred Center, in Lexington, Kentucky.
7. Broadcast Rights: Churchill Downs has broadcast partnerships with major sports networks, allowing them to broadcast and distribute horse racing content to a wider audience.
8. Online Content: The company also produces and distributes horse racing content through various digital platforms and social media channels.
Overall, Churchill Downs' business model is focused on providing racing and gaming entertainment, as well as related services, to customers both on-site and online. They generate revenue from various sources, including wagering, hospitality, and broadcast and content partnerships.
1. Churchill Downs is a publicly traded company on the NASDAQ stock exchange. It is listed under the ticker symbol CHDN.
2. The company was founded in 1875 by Meriwether Lewis Clark Jr., the grandson of William Clark of the Lewis and Clark Expedition.
3. The first race held at Churchill Downs was the Kentucky Derby, which has been held annually at the track since its opening.
4. Churchill Downs is considered the home of thoroughbred racing in the United States and is often referred to as the “most famous track in America.”
5. The company also owns and operates other racetracks, including Arlington International Racecourse in Illinois, Fair Grounds Race Course in Louisiana, and Calder Casino and Race Course in Florida.
6. Churchill Downs is also involved in online wagering and gaming through its subsidiary, Twinspires.com. This platform allows users to bet on horse races and other sporting events from their computer or mobile device.
7. The Kentucky Derby is the company’s most profitable event, bringing in millions of dollars in revenue each year. In 2019, the event brought in a record-breaking $165.5 million in betting.
8. The Kentucky Derby is also known for its traditional drink, the mint julep. More than 120,000 of these drinks are served at Churchill Downs during the Derby weekend.
9. In addition to horse racing, Churchill Downs also hosts other events such as concerts, festivals, and corporate events.
10. The company has a strong commitment to sustainability and has implemented several green initiatives at its facilities, including energy-efficient lighting and recycling programs.
11. Churchill Downs is also involved in philanthropy and partners with local charities and organizations to support the community. In 2020, they donated over $1 million to various charities and nonprofits in the Louisville area.
12. In recent years, Churchill Downs has expanded its business beyond horse racing and has acquired businesses in the online sports betting and online gaming industries, positioning itself as a leader in the growing market of online wagering.
13. The iconic Twin Spires, which stand at the top of the Churchill Downs grandstand, were first installed in 1895 and have become a symbol of the company and its flagship event, the Kentucky Derby.
14. Winston Churchill, the famous British statesman and military leader, is not directly connected to Churchill Downs. The track was named after a relative of its founder, not the iconic figure.
15. Churchill Downs has been featured in several films and TV shows, including the movie Seabiscuit and the TV series Luck and Nashville. It has also been mentioned in popular songs by artists such as Toby Keith and Sheryl Crow.