Churchill Downs publishes investor presentation outlining growth strategy across Kentucky Derby, historical racing, wagering and gaming businesses

Churchill Downs Incorporated

Churchill Downs Incorporated

CHDN

0.00
  • Churchill Downs outlined a growth plan centered on the Kentucky Derby, HRM expansion, TwinSpires partnerships, Exacta technology growth, and regional gaming marketing.
  • 1Q’26 TTM revenue totaled $2.9 billion; adjusted EBITDA totaled $1.2 billion, led by Live and Historical Racing at 53% of EBITDA.
  • Capital plan targets bank covenant net leverage of 3x-4x; leverage stood at 3.8x as of March 31, 2026.
  • 2026 capital forecast calls for project spend of $180 million-$220 million; maintenance capex of $90 million-$110 million.
  • Key projects include Rockingham Grand Casino in New Hampshire for mid-2027 with planned spend of $70 million-$80 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDI - Churchill Downs Incorporated published the original content used to generate this news brief on June 11, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.