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Churchill Downs considers sale of nine regional gaming properties

Deals & M&A

Churchill Downs said it is considering selling nine regional gaming properties in the United States and has engaged Macquarie Capital to assist. Chief executive Bill Carstanjen said the properties could be sold individually or in small groups; the company said it would use any proceeds to reduce leverage, reinvest selectively and fund share repurchases.

A potential sale could change ownership of nine gaming properties across eight US states.

End-of-day close Churchill Downs (CHDN), USD, to 14 September 2026
Story date16 June 202614 September 2026

Latest reported results

Churchill Downs NASDAQ: CHDN

Quarter ended 30 September 2026

Revenue
USD 696.0m10-Q filing 0000020212-26-000084
Operating income
USD 143.0m10-Q filing 0000020212-26-000084

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Deals & M&A

Churchill Downs seeks bids for seven casinos to reduce debt

Churchill Downs CEO Bill Carstanjen said the company was soliciting and assessing bids for seven casinos. Churchill Downs announced the proposed sales in July as part of efforts to address debt and focus on racing, historic horse-racing machines and its online business.

Churchill Downs is soliciting and assessing bids for seven of its casinos, chief executive Bill Carstanjen said. The company announced the proposed sales in July as part of efforts to address debt and concentrate on racing, historic horse-racing machines and its online business.

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