Trade Churchill Downs Inc - CHDN CFD

Churchill Downs Company profile

About Churchill Downs, Inc.

Churchill Downs Incorporated is a racing, online wagering, and gaming entertainment company. The Company operates through three reportable segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes Churchill Downs Racetrack, Derby City Gaming, Oak Grove, Turfway Park, and Newport. The TwinSpires segment includes the revenue and expenses for the online horse racing, online and retail sports betting and iGaming wagering business. TwinSpires Horse Racing operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms. Its sports betting and iGaming business includes the retail and online TwinSpires sports betting and online casino gaming operations. The Gaming segment includes revenue and expenses for the casino properties and associated racetrack or jai alai facilities which support the casino license.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Churchill Downs, Inc. revenues increased 52% to $1.6B. Net income before extraordinary items increased from $15.4M to $247.6M. Revenues reflect Derby City Gaming segment increase of 94% to $154.3M, Churchill Downs Racetrack segment increase from $63.3M to $128.1M. Net income benefited from Equity in income(losses) of unconsolidat increase from $27.7M to $143.2M (income).

Equity composition

Common Stock no Par, 3/11, 50M auth., 16,694,869 issd. Insiders own 24.87%. PO 5/52, 1K shs @ $15by Bankers Bond Co. PO 7/99, 2M shs @ $29 by CIBC WorldMarkets. 4/98, 2-for-1 split; 6/91, 10-for-1 split. FY'00 &'01 Qs are rcal. FY'97 Q's reclass. FY'96-'97 Summ. Q's rflct. RCL.