{"id":61,"date":"2024-06-12T11:49:59","date_gmt":"2024-06-12T08:49:59","guid":{"rendered":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/"},"modified":"2024-06-13T12:04:12","modified_gmt":"2024-06-13T09:04:12","slug":"churchill-downs-posts-record-earnings-and-expands-racing-empire","status":"publish","type":"post","link":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/","title":{"rendered":"Churchill Downs Posts Record Earnings and Expands Racing Empire"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/52HC07sWGlI\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The iconic Churchill Downs horse racing venue witnessed an unprecedented financial performance in the second quarter of 2022, amassing an impressive $582.5 million in earnings and finalizing the purchase of P2E.<\/p>\n<p>Known for hosting the Kentucky Derby, Churchill Downs declared a net income of $582.5 million for the second quarter of 2022. This signifies a substantial growth of $67.4 million in comparison to the corresponding period the previous year, establishing a new peak. <\/p>\n<p>Impressively, the legendary racetrack also documented a remarkable 231.3% surge in earnings compared to the second quarter of 2021. <\/p>\n<p>This year marked the 148th Kentucky Derby, with the event resuming full attendance and achieving the highest all-sources betting and Derby Week adjusted EBITDA for Churchill Downs. This clarifies not only the significant leap in earnings but also the record adjusted EBITDA of $291.2 million, contrasted with $233.3 million in the second quarter of 2021.<\/p>\n<p>Adding to its exceptional second quarter, Churchill Downs also generated an extra $291 million from the sale of 115.7 acres of undeveloped property adjacent to Calder Casino. <\/p>\n<p>The land was acquired by Link Logistics, a real estate development firm owned by Blackstone. Link Logistics&#8217; purchase of the Churchill Downs property could result in the creation of enhanced infrastructure connecting Churchill Downs and Calder Casino, increasing participation in racing events and producing additional income in the future.<\/p>\n<p>Moreover, Churchill Downs successfully concluded its acquisition of Peninsula Pacific Entertainment (P2E) for $2.48 billion. <\/p>\n<p>The Churchill Downs company is broadening its equestrian racing domain! They&#8217;ve reached an agreement to acquire the Colonial Downs racing facility located in New Kent, Virginia.  Furthermore, the transaction encompasses six additional racing locations throughout Virginia, the well-known Del Lago Resort and Gaming establishment in Waterloo, New York, and even extends their reach into the Iowa market through the acquisition of the Hard Rock Hotel and Casino in Sioux City.  Naturally, there are regulatory hurdles to overcome \u2013 they require approval from various gaming boards in New York and Iowa before assuming full control.  Should everything proceed without a hitch, the transaction is anticipated to conclude by late 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The iconic Churchill Downs horse racing venue witnessed an unprecedented financial performance in the second quarter of 2022, amassing an impressive $582.5 million in earnings and finalizing the purchase of&hellip;<\/p>\n","protected":false},"author":58,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Churchill Downs Races to Record $582.5M Earnings in Q2 2022<\/title>\n<meta name=\"description\" content=\"Hold your horses! \ud83d\udc0e Churchill Downs, home of the Kentucky Derby, galloped to a record-breaking $582.5 million in Q2 earnings. Find out how they outpaced the competition and what\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Churchill Downs Posts Record Earnings and Expands Racing Empire\" \/>\n<meta property=\"og:description\" content=\"Hold your horses! \ud83d\udc0e Churchill Downs, home of the Kentucky Derby, galloped to a record-breaking $582.5 million in Q2 earnings. Find out how they outpaced the competition and what\" \/>\n<meta property=\"og:url\" content=\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Future of Online Casino Gaming | Licensed\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T08:49:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-13T09:04:12+00:00\" \/>\n<meta name=\"author\" content=\"Caleb &quot;Cobra&quot; Reed\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Caleb &quot;Cobra&quot; Reed\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/\",\"url\":\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/\",\"name\":\"Churchill Downs Races to Record $582.5M Earnings in Q2 2022\",\"isPartOf\":{\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/#website\"},\"datePublished\":\"2024-06-12T08:49:59+00:00\",\"dateModified\":\"2024-06-13T09:04:12+00:00\",\"author\":{\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/#\/schema\/person\/9341ddb970be11129e6e190fb60b551f\"},\"description\":\"Hold your horses! \ud83d\udc0e Churchill Downs, home of the Kentucky Derby, galloped to a record-breaking $582.5 million in Q2 earnings. Find out how they outpaced the competition and what\",\"breadcrumb\":{\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/freecashnodepositbonuscasino.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Churchill Downs Posts Record Earnings and Expands Racing Empire\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/#website\",\"url\":\"https:\/\/freecashnodepositbonuscasino.icu\/\",\"name\":\"Experience the Future of Online Casino Gaming | Licensed\",\"description\":\"Stay informed and maximize your gambling experience with our fresh casino news, honest reviews, and informative insights. Our licensed platform is your trusted gaming partner.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/freecashnodepositbonuscasino.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/#\/schema\/person\/9341ddb970be11129e6e190fb60b551f\",\"name\":\"Caleb \\\"Cobra\\\" Reed\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashnodepositbonuscasino.icu\/wp-content\/uploads\/sites\/48\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/freecashnodepositbonuscasino.icu\/wp-content\/uploads\/sites\/48\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Caleb \\\"Cobra\\\" Reed\"},\"description\":\"Holding a Ph.D. in Game Theory and a Master's in Psychology, this accomplished author has a deep understanding of the strategic and psychological dimensions of gambling behavior. They have expertise in decision theory, behavioral economics, and experimental design, which they apply to the study of the cognitive and emotional factors influencing casino game play. Their articles and news pieces provide readers with a unique perspective on the psychology of gambling and the strategies used by casinos to create engaging and immersive gaming experiences.\",\"url\":\"https:\/\/freecashnodepositbonuscasino.icu\/author\/ewfvds4326fssf\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Churchill Downs Races to Record $582.5M Earnings in Q2 2022","description":"Hold your horses! \ud83d\udc0e Churchill Downs, home of the Kentucky Derby, galloped to a record-breaking $582.5 million in Q2 earnings. Find out how they outpaced the competition and what","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/","og_locale":"en_GB","og_type":"article","og_title":"Churchill Downs Posts Record Earnings and Expands Racing Empire","og_description":"Hold your horses! \ud83d\udc0e Churchill Downs, home of the Kentucky Derby, galloped to a record-breaking $582.5 million in Q2 earnings. Find out how they outpaced the competition and what","og_url":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/","og_site_name":"Experience the Future of Online Casino Gaming | Licensed","article_published_time":"2024-06-12T08:49:59+00:00","article_modified_time":"2024-06-13T09:04:12+00:00","author":"Caleb \"Cobra\" Reed","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Caleb \"Cobra\" Reed","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/","url":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/","name":"Churchill Downs Races to Record $582.5M Earnings in Q2 2022","isPartOf":{"@id":"https:\/\/freecashnodepositbonuscasino.icu\/#website"},"datePublished":"2024-06-12T08:49:59+00:00","dateModified":"2024-06-13T09:04:12+00:00","author":{"@id":"https:\/\/freecashnodepositbonuscasino.icu\/#\/schema\/person\/9341ddb970be11129e6e190fb60b551f"},"description":"Hold your horses! \ud83d\udc0e Churchill Downs, home of the Kentucky Derby, galloped to a record-breaking $582.5 million in Q2 earnings. Find out how they outpaced the competition and what","breadcrumb":{"@id":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/churchill-downs-posts-record-earnings-and-expands-racing-empire\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/freecashnodepositbonuscasino.icu\/"},{"@type":"ListItem","position":2,"name":"Churchill Downs Posts Record Earnings and Expands Racing Empire"}]},{"@type":"WebSite","@id":"https:\/\/freecashnodepositbonuscasino.icu\/#website","url":"https:\/\/freecashnodepositbonuscasino.icu\/","name":"Experience the Future of Online Casino Gaming | Licensed","description":"Stay informed and maximize your gambling experience with our fresh casino news, honest reviews, and informative insights. Our licensed platform is your trusted gaming partner.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/freecashnodepositbonuscasino.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/freecashnodepositbonuscasino.icu\/#\/schema\/person\/9341ddb970be11129e6e190fb60b551f","name":"Caleb \"Cobra\" Reed","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/freecashnodepositbonuscasino.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashnodepositbonuscasino.icu\/wp-content\/uploads\/sites\/48\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/freecashnodepositbonuscasino.icu\/wp-content\/uploads\/sites\/48\/2024\/06\/man-avatar-96x96.png","caption":"Caleb \"Cobra\" Reed"},"description":"Holding a Ph.D. in Game Theory and a Master's in Psychology, this accomplished author has a deep understanding of the strategic and psychological dimensions of gambling behavior. They have expertise in decision theory, behavioral economics, and experimental design, which they apply to the study of the cognitive and emotional factors influencing casino game play. Their articles and news pieces provide readers with a unique perspective on the psychology of gambling and the strategies used by casinos to create engaging and immersive gaming experiences.","url":"https:\/\/freecashnodepositbonuscasino.icu\/author\/ewfvds4326fssf\/"}]}},"_links":{"self":[{"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/posts\/61"}],"collection":[{"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/comments?post=61"}],"version-history":[{"count":1,"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/posts\/61\/revisions"}],"predecessor-version":[{"id":89,"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/posts\/61\/revisions\/89"}],"wp:attachment":[{"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/media?parent=61"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/categories?post=61"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freecashnodepositbonuscasino.icu\/wp-json\/wp\/v2\/tags?post=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}