14 OctRegulation
Maine regulator signals likely online casino launch in Q1 2027
Maine’s likely Q1 2027 online casino launch remains subject to ongoing rulemaking and a pending tribal-only licensing challenge.
Churchill Downs
Business and regulatory developments involving Churchill Downs. Open in the feed
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Timeline
Newest first, grouped by month.
October 2026
9 OctDeals & M&A
Mike Repole buys $1m stake in Churchill Downs
Repole’s investment gives him a stake in Churchill Downs amid difficulties with the company’s shares.
9 OctDeals & M&A
Mike Repole buys 1.5% stake in Churchill Downs
Repole’s acquisition adds a 1.5% shareholder to Churchill Downs following a 35% share price decline since the year’s start.
8 OctDeals & M&A
Churchill Downs seeks buyers for nine casinos across eight US states
The proposed disposals would reduce Churchill Downs’ casino portfolio and provide proceeds to lower debt if completed.
5 OctDeals & M&A
Churchill Downs seeks bids for seven casinos to reduce debt
Churchill Downs is assessing casino bids to address debt and focus on racing, historic horse-racing machines and online operations.
August 2026
3 AugDeals & M&A
Churchill Downs plans separate sales of nine regional casinos
The proposed sales would reshape Churchill Downs’s regional casino portfolio.
July 2026
31 JulDeals & M&A
Churchill Downs plans individual or bundled sales of nine casinos
The planned disposals favour separate transactions or small bundles over a single portfolio sale.
27 JulRegulation
Maine awaits rules and licences after online casino legalisation
Operator launches depend on regulatory preparations while litigation challenges the market structure.
Market data
Churchill Downs · NASDAQ: CHDN. Share price end-of-day, delayed; not investment advice.
Last close (2026-10-16)USD 81.70
1 week+2.2%
YTD−28.2%
1 year−5.8%
Market capUSD 5.69bn
| Quarter ended | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | USD 934.0m | USD 683.0m | USD 665.9m | USD 663.0m | USD 980.0m |
| EBITDA | USD 426.0m | USD 195.1m | USD 220.1m | USD 243.0m | USD 458.0m |
| Operating income | USD 327.0m | USD 98.0m | USD 123.5m | USD 143.0m | USD 357.0m |
| Net income | USD 217.0m | USD 38.1m | USD 51.3m | USD 83.0m | USD 241.0m |
| Diluted EPS | — | — | — | — | — |
| Cash & equivalents | USD 182.4m | USD 180.5m | USD 201.0m | USD 200.0m | USD 196.0m |
Figures as reported in each company’s currency; Q4 values for US filers may be derived as full year minus nine months. EBITDA is a company-defined or data-provider measure where shown.
Results takeaways · Q2 2026
- Churchill Downs net revenue rose 5% to $980 million; net income attributable to the company increased 11% to $241 million.
- Adjusted EBITDA rose 6% to $477 million, while diluted earnings per share increased to $3.42 from $2.99.
- Live and Historical Racing revenue increased by $34 million to $575 million, including a $21 million increase from Churchill Downs Racetrack.
- Racetrack growth reflected increased Derby Week broadcast, ticketing, sponsorship, licensing and wagering revenue.
- Kentucky historical racing machine venues contributed $12 million to revenue growth; net bank leverage ended the quarter at 3.7 times.
Summarised by SectorWire desk from the company’s earnings release (filed 2026-07-29).
Next results expected: 28 October 2026 (provisional).
End-of-day, delayed; not investment advice. Data and methodology · All gaming stocks
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Investor
Mike Repole
Operates in
Florida, Indiana, Iowa, Maine, Maryland, Mississippi, New York, Pennsylvania
Timeline
Key developments by month.
- Oct 2026
- Regulation Maine regulator signals likely online casino launch in Q1 2027
- Deals & M&A Mike Repole buys $1m stake in Churchill Downs
- Deals & M&A Mike Repole buys 1.5% stake in Churchill Downs
- Deals & M&A Churchill Downs seeks buyers for nine casinos across eight US states
- Deals & M&A Churchill Downs seeks bids for seven casinos to reduce debt
- Aug 2026
- Jul 2026
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