|Bid||88.21 x 900|
|Ask||89.08 x 1300|
|Day's Range||87.80 - 94.55|
|52 Week Range||52.90 - 167.53|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||26.40|
|Earnings Date||Apr 21, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||0.58 (0.66%)|
|Ex-Dividend Date||Dec 04, 2019|
|1y Target Est||131.50|
Churchill Downs Incorporated (“the Company”) (CHDN) announced today that the 2020 Annual Meeting of Shareholders (the “Annual Meeting”) will be held virtually due to the public health impact of the novel coronavirus outbreak (COVID-19) and to support the health and well-being of the Company’s management and shareholders. During the registration process, shareholders will be able to submit questions and upon completion, will receive an email with a link to access the virtual meeting site and information regarding voting during the meeting. A notice regarding this change to a virtual meeting format (the “Notice”) is being filed with the Securities and Exchange Commission together with this press release.
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Churchill Downs Inc. said Thursday that it will temporarily furlough workers at many of its facilities. The news comes via a filing with the U.S. Securities and Exchange Commission. The temporary furloughs begin immediately and will impact Churchill Downs-owned properties across the country, including Derby City Gaming, the company’s historical race wagering facility in Louisville.
LOUISVILLE, Ky., March 25, 2020 -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today the temporary furlough of employees at certain.
Moody's Investors Service today downgraded Churchill Downs Incorporated's ("Churchill") Corporate Family Rating ("CFR") to Ba3 from Ba2. Moody's also downgraded the Speculative Grade Liquidity rating to SGL-2 from SGL-1. On March 17, 2020, Churchill announced the rescheduling of the 146th Kentucky Oaks and Kentucky Derby.
LOUISVILLE, Ky., March 23, 2020 -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today the temporary suspension of live racing at Miami Valley Raceway at Miami.
LOUISVILLE, Ky., March 20, 2020 -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced unanimous approval by the Kentucky Horse Racing Commission.
Churchill Downs Inc. CEO Bill Carstanjen said Tuesday that moving the Kentucky Derby was a difficult and unfortunate decision but also a necessary one as the country tries to clamp down on the spread of the COVID-19 coronavirus. The Preakness is scheduled for May 16 while The Belmont Stakes wraps up the Triple Crown on June 6. Carstanjen confirmed during a conference call that the Derby will move from May 2 to Sept. 5 while Oaks will be held the day before on Sept. 4.
Churchill Downs Inc. said Tuesday that it has rescheduled the 146th Kentucky Derby to Sept. 5, 2020, from an initial data of May 2. The racing, betting and gaming entertainment company said the rescheduled date was contingent on approval from the Kentucky Horse Racing Commission, which it expects to receive on March 19. The stock edged up 0.2% in morning trading. The company also said the 146th Kentucky Oaks will be rescheduled to Sept. 4 from May 1. "Throughout the rapid development of the COVID-19 pandemic, our first priority has been how to best protect the safety and health of our guests, team members and community," said Chief Executive Bill Carstanjen. "As the situation evolved, we reached the difficult conclusion that we needed to reschedule. At no point did we ever consider canceling the Kentucky Derby." The stock has plunged 53.4% over the past month, while the S&P 500 has lost 28.0%.
Churchill Downs Incorporated (“CDI” or “the Company”) (CHDN) announced today its decision to reschedule the 146th Longines Kentucky Oaks and Kentucky Derby Presented by Woodford Reserve. The 146th Kentucky Derby will be rescheduled from May 2, 2020 to September 5, 2020 and the 146th Kentucky Oaks will be rescheduled from May 1, 2020 to September 4, 2020.
Churchill Downs, Inc. (NASDAQ: CHDN) has postponed the iconic horse race, Kentucky Derby, for the first time since 1945 due to the coronavirus pandemic.What Happened The Run for the Roses, which is usually held on the first Saturday in May each year, will not take place this year, as usual, ESPN reported citing sources. The sports network said that the event is being moved to September 5. The last time the horse race was postponed was in World War II when it took place in June. Why It Matters The Kentucky Derby is the most prestigious horse race in the U.S. The Churchill Downs racetrack explained on its website, "The safety and health of our guests, team members and participants remains our primary concern." The racetrack said they were monitoring COVID-19 developments with "steadfast vigilance."Churchill Downs owns the historic racetracks founded in 1875 that host the Kentucky Derby. It also operates Arlington Park, the Calder Race Course, the Fair Grounds Race Course, and the Trackside Off-Track Betting Facilities. In 2019, the Kentucky Derby saw record bets placed worth $165.5 million. The event is attended by a crowd of 150,000 people each year, which is more than the Super Bowl, the World Series, or the NCAA Final Four, according to the Racetrack.What Else A number of events have been canceled due to COVID-19. The Boston Marathon will no longer take place on April 20, and the 2020 Masters Tournament has been put off till further notice. A full list of event cancelations is available on Benzinga.Price Action Churchill Downs shares traded 0.66% lower at $75 in the after-hours session on Monday. The shares had closed the regular session 18.62% lower at $75.50.See more from Benzinga * Roche Receives FDA Emergency Approval To Ship 400,000 Coronavirus Test Kits Across US * Health Care Dominates Sanders-Biden Debate, Promises Of Female Vice President Made * Google Trends During Pandemic: How To Make Hand Sanitizer, If Trump's Infected, Symptoms, And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The move was expected as American sports have been suspended during the past week. This will shift an estimated $400 million local economic impact to later in the year.
In addition to the previously announced actions, Riverwalk Casino Hotel in Vicksburg, Mississippi and Harlow’s Casino Resort & Spa in Greenville, Mississippi will temporarily suspend operations by 11:59 p.m. ET on March 16, 2020. There have been no known cases of COVID-19 at any of these properties and all CDI properties have been and will continue to work closely and cooperatively with the state and local authorities in each state where we operate.
LOUISVILLE, Ky., March 16, 2020 -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today the temporary suspension of operations at certain of its properties as a.
LOUISVILLE Ky., March 16, 2020 -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that the Company will make an announcement regarding the.
Churchill Downs Incorporated (CHDN:Nasdaq) (CDI or the Company) announced today the closing of an amendment to its Credit Agreement to extend the maturity and to lower the upper limit of the applied spreads for loans under its $700 million Senior Secured Revolving Credit Facility (“Revolving Credit Facility”). The amendment extends the maturity for the Revolving Credit Facility from December 27, 2022 to September 27, 2024. The amendment also lowers the upper limit of the applied spreads for loans under the Revolving Credit Facility from 2.25% to 1.75% and for commitment fees from 0.35% to 0.30%.
Churchill Downs Incorporated (“CDI”) (CHDN) announced today amid public health concerns regarding COVID-19, all live races beginning immediately through the remainder of the racing meet ending March 29 will be conducted spectator-free with only essential staff, credentialed horsemen and media in attendance. The Louisiana Derby at Fair Grounds Race Course will run as scheduled on Saturday, March 21 under the same spectator restrictions. Pari-mutuel wagering will also be closed to the public at Fair Grounds through the remainder of the meet.
Churchill Downs Incorporated (“CDI”) (CHDN) announced today that the Jeff Ruby Steaks race at Turfway Park will run as scheduled this Saturday, March 14. Daily simulcasting will also be closed through the remainder of the Winter/Spring Meet. The cold temperatures and wet conditions forecasted for Saturday would force spectators to indoor facilities at Turfway Park.
The top two executives at Louisville-based Churchill Downs Inc. saw significant decreases in their compensation last year after a spike in 2018. The total compensation for CEO Bill Carstanjen decreased by roughly 50% while president and chief operating officer Bill Mudd saw his total compensation decrease by almost 54% from 2018 totals, according to the company’s proxy statement filed this week with the U.S. Securities and Exchange Commission. Carstanjen’s total compensation decreased to $10.6 million from $21.1 million, according to the proxy statement.
Unfortunately for some shareholders, the Churchill Downs (NASDAQ:CHDN) share price has dived 32% in the last thirty...
LOUISVILLE, Ky., March 09, 2020 -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) and Rush Street Gaming announced today that BetRivers Sportsbook opened at their joint.