Churchill Downs Incorporated

Bill Finley's column on the closing of Pompano Park used it as a textbook example of decoupling. And he warned of the possibility of such decoupling not being exclusive to the world of harness racing or other pari-mutuel wagering establishments; that Thoroughbred racing venues are just as vulnerable. Well there was evidence of such, for all to see, in Chicago in 2021. Last June, I became aware of the potentially permanent closing of Arlington Park at the end of its 2021 season. As a 40-year fan of horse racing and...

Churchill Downs, Inc. is set to acquire Colonial Downs, as well as several historical horse racing facilities in the state, after the company announced it has entered into a purchasing agreement to acquire the assets of the Virginia racetrack's owner, Peninsula Pacific Entertainment LLC. A Tuesday morning release from CDI put the value of the deal at $2.485 billion. "This unique set of assets expands our geographic footprint and provides additional scale," said Bill Carstanjen, Chief Executive Officer of CDI. "P2E has done an exceptional job developing and managing this...

Edited Press Release Officials at Churchill Downs Incorporated (CDI) have announced that Nate Simon has been named Senior Vice President and Chief Technology Officer of the company. He will be responsible for providing strategic technology leadership and services. Simon replaces Ben Murr who was promoted to President of TwinSpires and Online Gaming in January. Simon joined CDI in 2011 as Vice President of Operations for the Company's United Tote division before his promotion to President of United Tote in 2012. During that time, Simon was accountable for over 200 employees...

Churchill Downs Incorporated has signed an agreement to sell 115.7 acres of land near Calder Casino for $291 million or approximately $2.5 million per acre. CDI has agreed to sell the land to Link Logistics, one of the premier owners of logistics real estate assets, established in 2019 by Blackstone. The closing of the sale of the property is subject to the satisfaction of various closing conditions. The Company anticipates closing the sale of the property in the first half of 2022. Following the closing of this transaction, CDI will...

The Louisiana State Racing Commission (LSRC) unanimously passed a motion Tuesday that owner and trainer Karl Broberg believes will allow him to race horses at the upcoming Fair Grounds meet despite an exclusion order imposed last month by that track's corporate owner, Churchill Downs Inc. (CDI). "I am allowed to enter and run at the Fair Grounds," Broberg told TDN hours after the LSRC ruled that the private-property exclusion by CDI doesn't carry the same reciprocity as a ruling issued by a board of stewards or state racing commission. According...

Under the shadow of Arlington Park potentially going dark forever after Sept. 25, the Illinois Racing Board (IRB) on Thursday unanimously approved a 2022 race dates package that shifts the burden of hosting all Thoroughbred and Standardbred racing in the Chicago area to Hawthorne Race Course. And while horsemen's groups for both breeds expressed gratitude for Hawthorne stepping up to implement a crammed-and-jammed, year-long race calendar that will be unprecedented in Illinois racing, representatives of the Illinois Thoroughbred Horsemen's Association (ITHA) said during the Sept. 23 meeting that the new...

According to a report in Chicago's Daily Herald newspaper, Churchill Downs Incorporated (CDI), the owner of Arlington Park, has sent official notices to employees informing them they will be laid off 14 days after the final day of the meet, which is Sept. 25. CDI has not committed to racing beyond the end of this meet and has put the track up for sale. The layoff notices are a discouraging development after CDI applied for 2022 Illinois racing dates. A date request is not binding and does not have to...

The Week in Review, by T.D. Thornton Two months before Arlington International Racecourse is scheduled to run what is feared to be the historic track's final race, Churchill Downs, Inc. (CDI), the gaming corporation that owns the up-for-sale landmark, has reportedly requested an application for 2022 race dates from the Illinois Racing Board. But as columnist Jim O'Donnell of the Daily Herald in suburban Chicago put it in his Friday scoop of this story, "What the carnivorous CDI will do with the application remains to be seen." With a July...

The Week in Review, by T.D. Thornton We're not even at the midpoint of 2021, and one North American Thoroughbred is already taking aim at a ninth win on the season. For perspective, the eight wins racked up so far this year by Arizona-based Six Ninety One (Congrats) are equal to the number of victories achieved by the four horses who co-led the continent during the entirety of 2020. Such a fast start through the first 5 1/2 months puts Six Ninety One on a trajectory to blast past what...

   Gray horses have been in a GI Kentucky Derby rut the past 15 years. No fewer than 31 consecutive grays (or roans) have gone to post without winning on the first Saturday in May (or September) since Giacomo roared home in front at 50-1 in 2005. That's the longest Derby drought for grays in terms of consecutive starts since 1930, when Churchill Downs began compiling detailed records related to horse colors. There's an asterisk as to whether it's the longest stretch in terms of years. There was a 17-year...

After alleging last month that a disagreement over advance-deposit wagering (ADW) hub rate fees was so egregious that it amounted to a "shakedown" that needed to be fought in federal court, a subsidiary of the gaming corporation Churchill Downs, Inc., dropped its lawsuit against Thoroughbred Owners of California (TOC) Mar. 8. According to a "notice of voluntary dismissal" filed Monday in United States District Court (Central District, California, Western Division) by Churchill Downs Technology Initiatives Company (CDTIC), an agreement between the parties was reached Mar. 5 that apparently settles the...

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...