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Last $139.52 USD
Change Today +4.46 / 3.30%
Volume 111.2K
As of 8:10 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

600 North Hurstbourne Parkway

Suite 400

Louisville, KY 40222

United States

Phone: 502-636-4400

Fax:

Churchill Downs Incorporated provides pari-mutuel horseracing, online account wagering on horseracing and casino gaming. The company produces and distributes online and mobile casual games. Segments Racing Racing includes Churchill Downs Racetrack (Churchill Downs) in Louisville, Kentucky, an internationally known thoroughbred racing operation and home of the Kentucky Derby; Arlington International Race Course (Arlington), a thoroughbred racing operation in Arlington Heights along with 10 off-track betting facilities (OTBs) in Illinois; Fair Grounds Race Course (Fair Grounds), a thoroughbred and quarterhorse racing operation in New Orleans along with 12 OTBs in Louisiana; and Calder Race Course (Calder), a thoroughbred racing facility in Miami Gardens, Florida, where, as of July 1, 2014, the company ceased pari-mutuel operations, except for limited operations conducted by a third party. Churchill Downs: Churchill Downs is internationally known as the home of the Kentucky Derby. The Churchill facility consists of approximately 147 acres of land with a 1-mile dirt track, a 7/8 mile turf track, a grandstand, luxury suites and a stabling area. The Churchill facility accommodates approximately 57,400 persons in the company’s clubhouse, grandstand, Jockey Club Suites, Finish Line Suites, Grandstand Terrance, Rooftop Garden and Mansion. The Churchill facility also includes a simulcast wagering facility, The Parlay, designed to accommodate 600 persons, which is Churchill Downs' simulcast wagering facility during the months outside of its live racing meets and houses the track's media operations in the weeks leading up to the Kentucky Derby, and a hospitality venue, The Mansion. The Mansion, located on the sixth floor of the Clubhouse, is used primarily during the Kentucky Derby and Kentucky Oaks. The Mansion has accommodations for 296 guests and offers seating in its Dining Room, Living Room, Library, Parlor and Veranda. The Churchill facility opened the Grandstand Terrace and Rooftop Garden during the second quarter of 2014. This new area offers approximately 2,400 new seats and updated restrooms, wagering windows and food and beverage offerings. In 2014, the Churchill facility also completed the installation of a 15,224 square foot, video board, which provides an enhanced viewing experience for patrons. To supplement the facilities at Churchill Downs, the company provided additional stabling facilities sufficient to accommodate 500 horses and a 3/4 mile dirt track at a facility known as Trackside Louisville. Fair Grounds: The Fair Grounds racetrack facility, located in New Orleans, Louisiana, consists of approximately 145 acres of land, a 1-mile dirt track, a 7/8 mile turf track, a grandstand and a stabling area. The facility includes clubhouse and grandstand seating for approximately 5,000 persons, a general admissions area and food and beverage facilities ranging from concessions to clubhouse dining. The stable area consists of a receiving barn, feed rooms, tack rooms, detention barns and living quarters that can accommodate 132 persons and approximately 2,000 horses. The Fair Grounds facility also features a saddling paddock, parking areas and office facilities. Arlington: The racetrack sits on 336 acres, has a 1 1/8 mile synthetic track, a 1-mile turf track and a five5/8 mile training track. The facility includes a clubhouse, grandstand and suite seating for 6,045 persons and food and beverage facilities. The stable area has 34 barns able to accommodate approximately 2,200 horses and a temporary housing unit that accommodates 288 persons. The Arlington facility also features a saddling paddock, parking areas and office facilities. Simulcasting The company generates a significant portion of its pari-mutuel wagering revenues by sending signals of races from its racetracks to other facilities and businesses (export) and receiving signals from other racetracks (import). Fair Grounds operates 12 OTBs that accept wagers on races at Fair Grounds as well as on races simulcast from other locations. The Gentilly OTB is located on the Fair Grounds property. Another OTB is located in Kenner, Louisian

 

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Price/Earnings 55.3x
Price/Sales 2.3x
Price/Book 3.1x
Price/Cash Flow 54.9x
TEV/Sales 1.7x
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