Churchill Downs Explores Sale Of Nine Casinos, Keeps Racing
Churchill Downs is marketing nine regional casinos in eight states and has engaged Macquarie Capital to assist. The gaming segment holding those casinos added $4 million of revenue in the quarter, against $34 million for racing. Second-quarter net revenue set a company record at $980 million, with adjusted EBITDA at a record $477 million. Proceeds … Read more