CDI

Churchill Downs Announces It Will Sell Arlington Park

Churchill Downs announced Tuesday that it has launched a process to sell Arlington Park, which sits on 326 acres of real estate 30 miles northwest of downtown Chicago. The sale will be handled by CBRE Group, a full service commercial real estate firm. Arlington's future looked bleak in September of 2019 when Churchill Downs made the surprising decision to not take the necessary steps to open a casino on the racetrack property. It is widely believed that Churchill did not want to create competition between an Arlington casino and a...

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Hunter Rankin Named CDI Senior Director of Racing

Hunter Rankin has been hired as Senior Director of Racing for Churchill Downs Incorporated, CDI announced Tuesday. The role was recently vacated following Mike Ziegler's promotion to General Manager of Churchill Downs Racetrack in December 2020. As CDI's Senior Director of Racing, Rankin will act as a representative and liaison to the U.S. Thoroughbred racing and breeding industry and focus on the implementation of standards and processes outlined in the Horseracing Integrity and Safety Act ("HISA") across all of CDI's racing properties. "Hunter brings to this role a breadth of...

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More Ky Outfits to Winter at Turfway Despite Muted Purse Projections

Turfway Park, currently in the midst of being demolished and rebuilt under new corporate ownership, is projecting 2,400 applications for 900 stalls for the upcoming 52-date combined holiday, winter, and spring meets that will open Dec. 2. But even though a larger-than-usual number of Kentucky racing outfits are expected to remain at Turfway for the winter instead of shipping out to warmer-climate race meets, track officials told members of the Kentucky Thoroughbred Development Fund (KTDF) advisory committee during an Oct. 6 video meeting that purse expectations should be tempered because...

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CDI 'Strongly Positioned,' but $300M Expansion Delayed

In a first-quarter earnings conference call on Thursday, Bill Carstanjen, the chief executive officer of Churchill Downs, Inc. (CDI), said he was "more than cautiously optimistic" that the Sep. 5 GI Kentucky Derby will proceed as rescheduled, ideally with spectators allowed to attend by adhering to whatever form of COVID-19 social distancing is appropriate at that time. As part of a broader scope of fiscal progress reports, Carstanjen also gave updates on construction projects at the gaming firm's two Thoroughbred racetrack properties in Kentucky, where work is both ongoing and...

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