Churchill Downs Incoporated

A new four-story structure called Victory Run, which will include private suites, indoor and outdoor dining, and covered box seating, will be built on the first turn of the Churchill Downs Racetrack, according to a release from Churchill Downs Incorporated (CDI) Wednesday afternoon. To be built between the First Turn Club and the Skye Terrace, it will replace approximately 6,400 uncovered, ground-level box seats and dining areas with a new space for approximately 7,800 guests. CDI anticipates the project will cost between $280 million and $300 million. "We are excited...

Churchill Downs Inc. has entered into an agreement to sell 49% of United Tote Company to NYRA Content Management Solutions, LLC, a subsidiary of the New York Racing Association. The transaction is subject to usual and customary closing conditions, including applicable regulatory notices and approvals, and is expected to close by the end of 2022. As part of the agreement, the United Tote pari-mutuel settlements business will be excluded and will remain with CDI. CDI and NYRA intend to work together to create and provide a comprehensive and efficient industry-leading...