New York-listed gaming operator Churchill Downs Incorporated has reported a 16 per cent increase in third quarter net revenue to a record $393.0m, despite a decline from its horse racing and betting businesses.
The strong revenue performance was driven by the Gaming segment as net revenue increased by 39 per cent to $185.6m, with growth across all properties except for Riverwalk and Fair Grounds and VSI, which were negatively impacted by Hurricane Ida in August.
Net revenue [...]