Churchill Downs Incorporated (“CDI”) is a publicly traded company, originally established in 1875 as the Louisville Jockey Club and Driving Park Association. Eight years later, the racing association adopted the now famous moniker of Churchill Downs.
Churchill Downs was organized as a Kentucky corporation in 1928 and officially became known as "Churchill Downs Incorporated" in 1942. CDI remains headquartered in Louisville, Ky., where its flagship racing venue, Churchill Downs Racetrack, annually plays host to North America's premier horse race, the Grade I Kentucky Derby Presented by Woodford Reserve.
CDI wholly-owns and operates racetracks in Kentucky, Florida, Illinois, Louisiana, Pennsylvania, and Maryland; owns casinos in Mississippi, Florida, Louisiana, Maine, Pennsylvania, Maryland, Ohio (50/50 joint venture), and Illinois (61% owned joint venture); off-track betting operations in Illinois and Louisiana; and the country's largest, legal online horseracing wagering platform, TwinSpires.com. We have launched our BetAmerica Sportsbook at our two Mississippi casino properties, as well as online in New Jersey, and have announced plans to enter additional U.S. real money online gaming and sports betting markets. Derby City Gaming, the first historical racing machines facility in Louisville, was opened in September 2018 and houses 1,000 historical racing machines. Additionally, CDI owns and has interests in a variety of racing- and wagering-related data, totalisator and telecommunications companies.
Churchill Downs Incorporated is traded on the NASDAQ Global Select Market. CDI's ticker symbol is CHDN.
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Churchill Downs Incorporated
This website contains various “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward looking statements made in this presentation are made pursuant to the Act. Forward looking statements are typically identified by the use of terms such as “anticipate,” “believe ,” “could,” “should,” “would,” “estimate,” “may,” “project,” and similar words, although some forward looking statements are expressed differently.
The reader is cautioned that such forward looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Such risks and uncertainties and other factors include, but are not limited to: the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; public perceptions or lack of confidence in the integrity of our business; loss of key or highly skilled personnel; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations; online security risks, including cyber security breaches, and other security risks related to our technology, and loss or misuse of any stored information as a result of such a breach, including customers’ personal information; the extent to which we can recover under our insurance policies for damages sustained at our operating properties in the event of inclement weather and casualty events; pending or future legal proceedings and other actions; and other risks and uncertainties described in our reports on Form 10 K, Form 10 Q and Form 8 K filed with the Securities and Exchange Commission. We assume no obligation to update forward looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward looking information.