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New casinos power Churchill Downs Q2 revenue growth

first_img Churchill Downs reported a 25.8% increase in revenue for the second quarter of 2019 as new and newly-acquired casinos helped the company to a 64.3% rise in off-site gaming revenue.Revenue from the Churchill Downs racetrack for the three months to 30 June amounted to $161m, up from $154.9m last year, after a record $250.9m handle for Kentucky Derby Day including $165.5m wagered on the race itself.The Derby City Gaming facility, opened in September 2018 on the Churchill Downs site, took in $21.2m, bringing total revenue from the Churchill Downs site to $182.2m.The operator’s casino estate increased by three following the acquisitions of Ocean Downs in Berlin, Maryland; Presque Isle in Erie, Pennsylvania and Lady Luck Nemacolin in Farmington, Pennsylvania. The new casinos took in $21.9m, $37.1m and $8.3m respectively, with Presque Isle being the highest-grossing of all Churchill Downs casino properties.Read more on iGB North America. Subscribe to the iGaming newsletter Topics: Casino & games Sports betting Email Address 1st August 2019 | By Daniel O’Boyle Casino & gamescenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US Kentucky Churchill Downs reported a 25.8% increase in revenue to $477.4m for the second quarter of 2019 as new and newly-acquired casinos helped the company to a 64.3% rise in off-site gaming revenue. New casinos power Churchill Downs Q2 revenue growthlast_img

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