Churchill Downs Announces The Planned Development Of A $40M-$50M Historical Racing Machine Entertainment Venue In Calvert City, Kentucky
Portfolio Pulse from Benzinga Newsdesk
Churchill Downs Incorporated (CDI) plans to develop a $40M-$50M historical racing machine entertainment venue in Calvert City, Kentucky, set to open in early 2026. This will be CDI's eighth such venue in Kentucky, featuring 250 HRMs, a sports bar, a sportsbook, and a simulcast center.
October 23, 2024 | 8:43 pm
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Churchill Downs Incorporated is investing $40M-$50M in a new historical racing machine venue in Kentucky, expanding its entertainment offerings and potentially increasing revenue streams.
The development of a new HRM venue represents a significant investment by CDI, likely to enhance its revenue through expanded entertainment offerings. The project aligns with CDI's strategy to grow its presence in Kentucky, suggesting a positive short-term impact on its stock price.
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