Churchill Downs Incorporated is making significant strides in the realm of equestrian sports and wagering. They recently debuted a brand new Rosie’s Gaming Emporium in Emporia, Virginia, boasting 150 thrilling historical horse racing terminals, a simulcast wagering section, and naturally, dining and beverage options. To commemorate the grand opening, they generously contributed $25,000 to five local charitable organizations. This is just one of seven Rosie’s venues, with intentions for further expansion in progress.
CDI has been active as of late. They purchased Exacta Systems, a prominent entity in the historical horse racing technology sector, in a transaction valued at a substantial $250 million. This strategic maneuver is anticipated to grant them a larger portion of the HHR market. Recall their collaboration with DraftKings to introduce the DK Horse application last year? A wise decision indeed, attracting the mobile betting demographic.
Furthermore, their focus extends beyond business; they prioritize safety as well. They temporarily suspended racing at Churchill Downs earlier this year following a series of equine injuries. They collaborated closely with the Kentucky Horse Racing Commission and the Horseracing Integrity and Safety Authority on this resolution, demonstrating their commitment to ethical practices.
Looking towards the future, CDI is constructing an entirely new historical horse racing entertainment facility in eastern Kentucky. Evidently, they have no plans to decelerate their endeavors in the near future.
This location is poised to be massive! They’re installing those cutting-edge HHR devices, establishing live equestrian competitions with on-site wagering, and naturally, an abundance of dining and drinking establishments. It’s no surprise they’re expanding so rapidly – CDI has been on a tear launching new venues. Their recently disclosed 2021 profits reached a staggering $1.59 billion, a 52% surge from the previous year! Furthermore, their adjusted EBITDA achieved an unprecedented $627 million. Now that’s what you call profitability!
