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Churchill Downs swings to 2020 loss as pandemic hits revenue

25th February 2021 10:38 am GMT
Churchill Downs

New York-listed racing and gaming operator Churchill Downs Incorporated (CDI) has reported a 21 per cent fall in net revenue to $1.05bn in 2020, despite a record performance from its TwinSpires betting and gaming business.

Net revenue from the Churchill Downs segment was down 44.5 per cent year-on-year at $160.5m, primarily due to a decrease from Churchill Downs Racetrack following the loss of ticket revenue, fewer sponsorships and lower wagering during Derby Week as a result [...]

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