$CHDN

Rush Street Interactive (RSI) reported Q2 revenue of $393.8M, up 46.3% YoY, beating estimates. PlayStudios (MYPS) saw revenue drop 7.3% YoY to $54.99M, missing estimates. DraftKings (DKNG) revenue fell 4.6% YoY to $1.44B, also missing estimates. Churchill Downs (CHDN) revenue rose 4.9% YoY to $980M, meeting expectations. RSI stock is down 20.2%, MYPS down 23.6%, DKNG up 8.7%, and CHDN flat since earnings.

Churchill Downs (CHDN) and peers in the gaming solutions sector reported mixed Q2 results. CHDN's revenue rose 4.9% YoY to $980M, in line with estimates. Rush Street Interactive (RSI) saw revenue surge 46.3% YoY to $393.8M, beating estimates. PlayStudios (MYPS) reported a 7.3% YoY revenue decline to $54.99M, missing estimates. DraftKings (DKNG) revenue fell 4.6% YoY to $1.44B, below expectations. Accel Entertainment (ACEL) revenue increased 9.6% YoY to $368.1M, surpassing estimates.

Barclays’ catalyst monitor (Aug 12-25) highlighted options trades. For Alibaba (BABA), it recommended buying Aug 21 $133/$145 call spreads ahead of Aug 20 earnings, citing improving Cloud growth, AI ARR, and core e-commerce profitability. Implied earnings move was 6.0% vs 7.6% average. For Under Armour (UAA), it downgraded to underweight and suggested Sept 18 $5 puts. For Churchill Downs (CHDN), it recommended Dec 18 $100/$110 call spreads on the Thoroughbred Championship Series.

Churchill Downs Incorporated (CHDN) reported higher Q2 2026 revenue and earnings year over year and said it plans to sell nine wholly owned regional casinos to focus on horse racing, pari-mutuel, and TwinSpires. The company outlined major Kentucky Derby capital projects and said divestiture proceeds will be used to cut debt, reinvest in racing assets, and support share repurchases.

The article says changes to North American Thoroughbred racing could affect the Triple Crown. Churchill Downs, Inc. and the New York Racing Association announced a new six-race 3-year-old series starting in 2026 that omits the Preakness. Maryland said the 2027 Preakness will move eight days. Churchill previously agreed to pay $85 million for Preakness IP and NBC will telecast through 2032.

Churchill Downs Inc. and NYRA will launch the Thoroughbred Championship Series starting in 2027, a six-race, five-month points competition for three-year-old thoroughbreds across Churchill Downs, Belmont Park and Saratoga Race Course. The series will include the Kentucky Derby and five other named stakes, with a $5 million prize pool based on final standings. The Preakness is not included.

Churchill Downs Inc., according to an SEC filing, is evaluating strategic alternatives that could include selling Ocean Downs Casino and Racetrack, which it has owned since 2018. The review covers nine properties in eight states and has no set timetable, with no sale assured. Maryland officials say they have not been notified of any Ocean Downs transaction.

Churchill Downs Inc. said it plans to sell nine casino properties across multiple states, with proceeds intended to reduce leverage, fund racing-related projects, and possibly repurchase shares. The company will keep key racing assets and its TwinSpires online wagering platform. It reported Q2 revenue of $980 million and adjusted EBITDA of $477 million; shares fell after the announcement.

Churchill Downs Inc. and the New York Racing Association announced a six-race championship series spanning five months, starting next year, featuring the Kentucky Derby and Belmont Stakes and a $5 million prize pool. The series includes races at Churchill Downs and Saratoga, with a September championship at Churchill Downs. NBC and Fox will broadcast.

Churchill Downs Inc. said it will sell nine casinos in seven states to refocus on horse racing and online betting. The company plans to use proceeds to reduce debt, reinvest in its flagship racetrack, and repurchase shares, according to its announcement. Shares fell about 7% to a six-year low, per Bloomberg. Macquarie Capital advises the sales.