Bill Carstanjen

Churchill Downs Incorporated will donate "Against All Odds," an inspiring bronze statue by Edwin Bogucki, to the National Museum of Racing and Hall of Fame as part of the Museum's permanent collection. The statue will be unveiled at its new home in Saratoga Springs July 12. "Against All Odds" depicts the thrilling photo finish victory of John Henry with jockey William Shoemaker in the irons as they ran down The Bart in the shadow of the wire in the inaugural running of the Arlington Million in 1981, the first Thoroughbred...

Reeling from a rash of breakdowns that has developed into what can only be described as a crisis for the track and for the entire sport, track management at Churchill Downs Incorporated (CDI) announced Friday that racing will be suspended at Churchill after Sunday's card and that the remainder of the scheduled meet will be run at Ellis Park. The first day of racing at Ellis will be held on June 10. The Churchill-at-Ellis meet will end on July 3. Racing at Churchill will be held as scheduled this Saturday...

Officials at Churchill Downs reported that all-sources wagering on Saturday's Kentucky Derby program was $288.7 million, easily surpassing the previous record of $273.8 million set just last year. All-sources wagering on the Kentucky Derby alone was $188.7 million, bettering the previous mark of $179 million, also achieved last year. All-sources handle for the entire week leading up to Saturday's Run for the Roses was $412 million, beating last year's record $391.8 million. This year's Derby featured a field of 18 and was attended by an announced crowd of 150,335. It...

Churchill Downs Racetrack has entered an agreement with Woodford Reserve Kentucky Bourbon that will solidify the renewal of Woodford Reserve as the presenting sponsor of the Kentucky Derby through 2027. Woodford Reserve has been the "Official Bourbon of the Kentucky Derby" since 1999 and the presenting sponsor for the past four years. "We are thrilled to welcome back Woodford Reserve as the presenting sponsor of the Kentucky Derby for the next five years," said Bill Carstanjen, CEO of CDI. "We are pleased to build upon this partnership between two global...

Churchill Downs Incorporated announced that it has signed a definitive agreement to acquire Ellis Park Racing & Gaming in Henderson, Kentucky, from Enchantment Holdings, LLC, an affiliate of Laguna Development Corporation, for total consideration of $79 million in cash, subject to certain working capital and other purchase price adjustments. CDI will also assume Ellis Park's opportunity to construct a track extension facility in Owensboro, Kentucky. "This is an exciting announcement for the horse racing industry, the cities of Henderson and Owensboro, and the entire Commonwealth of Kentucky," said Kentucky Governor...

By 2026, the gaming corporation that owns Colonial Downs is aiming to nearly double the amount of racing at the turf-centric Virginia track, potentially expanding the current boutique-styled summer race meet from 27 to 50 dates. That news was revealed Thursday morning by Bill Carstanjen, the chief executive officer of Churchill Downs, Inc. (CDI), who briefly mentioned the dates increase during a public quarterly earnings conference call with investment bankers. The reason has everything to do with CDI's gaming revenue and apparently very little do with the overall scope of...

Churchill Downs Inc. (CDI) will launch a $185- to $200-million redesign of the paddock that will be in place for the 150th GI Kentucky Derby in 2024. The "Paddock Project," a massive expansion and redevelopment, is the final phase of CDI's three-year capital investment plan. The transformation will increase the current 5,000 square feet of guest space to 12,000 square feet, update the capacity inside the paddock from 1,000 to 2,400 people, and add various club spaces and seating, including 3,612 new premium reserved seats and 3,250 new standing room-only...

Bill Carstanjen, the chief executive officer of Churchill Downs, Inc. (CDI), said during a quarterly conference call with investors Feb. 24 that after only a brief foray into online sports betting, the gaming corporation plans to phase out operating in that sector by mid-2022. "When the U.S. Supreme Court overturned the federal ban on sports betting in May of 2018, we had high hopes for the potential to build a profitable business in this space," Carstanjen said. "Our initial strategy was to leverage a variable cost technology model and be...

Churchill Downs, Inc. is set to acquire Colonial Downs, as well as several historical horse racing facilities in the state, after the company announced it has entered into a purchasing agreement to acquire the assets of the Virginia racetrack's owner, Peninsula Pacific Entertainment LLC. A Tuesday morning release from CDI put the value of the deal at $2.485 billion. "This unique set of assets expands our geographic footprint and provides additional scale," said Bill Carstanjen, Chief Executive Officer of CDI. "P2E has done an exceptional job developing and managing this...

According to a report in the New York Times, Bob Baffert has threatened to sue Churchill Downs and its CEO Bill Carstanjen if the track does not lift a two-year ban that will keep the trainer from competing in the 2022 and 2023 runnings of the GI Kentucky Derby. The ban was put into place after Medina Spirit (Protonico) tested positive for the substance betamethasone following his win in last year's Derby. In addition, Churchill is not awarding any points to Baffert-trained horses who compete in preps for the Derby...

Churchill Downs Inc. is reportedly exploring selling off TwinSpires Racing, which the gaming corporation describes as the "premier online horse racing wagering platform in the United States." The financial news site Bloomberg first broke the CDI scoop at 3:40 p.m. Eastern Dec. 2, citing several sources who requested anonymity because they were sharing information that hadn't yet been divulged by the publicly traded company. A CDI official declined comment. Bloomberg reported that CDI "is working with an adviser to solicit potential interest in the wagering platform." One of the sources...

Churchill Downs has unveiled plans for three capital investments to the historic Louisville track, beginning with the Homestretch Club for Kentucky Derby 2022 and culminating with a Paddock area redesign for the 150th running of the Kentucky Derby in 2024. The Homestretch Club will renovate and update the grandstand area adjacent to the Twin Spires along the track's homestretch. The project will convert what is currently outdoor bleacher seating next to the Winner's Circle Suites and below the Jockey Club Suites into three unique seating options with all-inclusive amenities. Ticketed...