Churchill Downs (CHDN) announced the planned development of a $40M to $50M historical racing machine, or HRM, entertainment venue in Calvert City, Kentucky. CDI plans to open the new 23,000 square-foot facility with 250 HRMs, a sports bar and a sportsbook, and a simulcast center in early 2026. The new facility will serve as an extension of Oak Grove Racing, Gaming and Hotel and will be CDI’s eighth historical horse racing entertainment venue in the Commonwealth of Kentucky.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHDN:
- Churchill Downs reports Q3 adjusted EPS 97c, consensus $1.06
- Churchill Downs price target lowered to $164 from $166 at Susquehanna
- Churchill Downs price target lowered to $151 from $157 at Mizuho
- CHDN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Bet On It: Diamond Sports and FanDuel reach naming rights agreement