$CHDN

Churchill Downs (CHDN) shares rose as the company plans to sell nine regional casinos and refinance $500M in debt. Analysts view this as a positive move to streamline operations and focus on higher-growth areas like online betting. The company's diversified revenue streams and strong cash flow support long-term growth, but investors should monitor elevated leverage and risks tied to the casino sales.

Churchill Downs Inc. (CHDN) proposed a $500M senior secured Term Loan B due 2033. Funds will repay loans, redeem notes, cover fees, and support working capital. The deal is subject to market and regulatory conditions, with no guarantee of success. CHDN operates racetracks, casinos, and online wagering businesses.

NYRA and Churchill Downs Inc. (CHDN) announced the Thoroughbred Championship Series, a six-race competition for three-year-old Thoroughbreds starting in 2027. The series includes iconic races like the Kentucky Derby and Belmont Stakes, with a $5 million prize pool. The companies will collaborate on rules, marketing, and broadcasting. A virtual news conference is scheduled for August 3, 2026.

Virginia's historical horse racing machines (HHR) saw a 10% revenue decline in August, totaling $47.9 million. Churchill Downs, which owns all HHR in Virginia, reported varying performance across locations, with some seeing significant drops and others slight increases. The decline was partially offset by new locations. Labor Day timing and competition from Live Virginia in Petersburg impacted results.

Churchill Downs CEO Bill Carstanjen asked the FTC to investigate the Horseracing Integrity and Safety Authority (HISA), questioning its transparency, accountability, and oversight. The request follows incidents involving undetected doping and data breaches, as well as ongoing legal challenges to HISA's constitutionality.

Churchill Downs (CHDN) requested an FTC review of HISA's governance and security, citing concerns over the 'Fair Hill Five' incident and delayed disclosure of a trainer's positive drug test. The company also questioned data security vulnerabilities and urged an independent review for integrity and transparency. HISA acknowledged the FTC's oversight and welcomed further review.

Rush Street Interactive (RSI) reported Q2 revenue of $393.8M, up 46.3% YoY, exceeding estimates by 7.1%. The company raised full-year guidance, but shares fell 16.3% post-earnings. Accel Entertainment (ACEL) and Churchill Downs (CHDN) also reported, with mixed results. PlayStudios (MYPS) and DraftKings (DKNG) missed estimates, with shares down 23.2% and up 9.6% respectively.

Churchill Downs Inc. (CDI) CEO Bill Carstanjen requested the FTC review HISA's governance and data handling, citing recent integrity concerns. CDI cited incidents like a betting scandal and unauthorized access to horse health data. HISA defended its oversight, noting existing FTC regulations. The National HBPA supported CDI's call, emphasizing accountability. CDI owns tracks involved in the betting scandal.

Churchill Downs Inc. (CHDN) has requested the Federal Trade Commission to review the Horse Racing Integrity and Safety Authority (HISA) regarding governance, information security, and disclosure practices. The request follows concerns about data breaches and delayed disclosures of banned substances in horse racing. Churchill Downs CEO Bill Carstanjen cited specific incidents, including the Fair Hill Five and Marshall Gramm's access to confidential horse-health information. The company questions

Churchill Downs Inc. may sell Oxford Casino in Maine, one of nine properties it has made available. The company, which reported $980M in Q2 2026 net revenue, is focusing on horse racing assets. Other potential sales include casinos in New York, Maryland, and more.