Churchill Downs Announces Development Plans For Owensboro Racing & Gaming In Q1 Of 2025 With 600 State-Of-The-Art Historical Racing Machines, A Retail Sportsbook, Simulcast Wagering, And Multiple Food And Beverage Offerings
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Churchill Downs Incorporated (NASDAQ:CHDN) announced plans to open Owensboro Racing & Gaming in Q1 of 2025, featuring 600 historical racing machines, a retail sportsbook, simulcast wagering, and food/beverage options. The $100 million project in Daviess County, Kentucky, will be CDI's seventh historical horse racing venue in the state and will operate as an annex of Ellis Park Racing & Gaming, supporting purse funding for Ellis Park's summer racing meet. The development celebrates 150 years of the Kentucky Derby and aims to enhance the Kentucky horse racing industry.
February 21, 2024 | 9:37 pm
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Churchill Downs Inc. plans to expand its historical horse racing venues with a $100 million investment in Owensboro Racing & Gaming, aiming to open in Q1 2025.
The announcement of a significant investment in a new gaming and entertainment venue is likely to be viewed positively by investors, as it indicates growth and expansion within Churchill Downs Inc.'s portfolio. The project's focus on historical horse racing machines and other gaming options could generate additional revenue streams for the company, further contributing to its financial health and sustainability in the horse racing industry.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100