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Churchill Downs posts record Q1 despite TwinSpires revenue decline

29th April 2022 10:17 am GMT
Playtech

New York-listed Churchill Downs Incorporated (CDI) has reported a 12 per cent increase in net revenue to a record $364.1m for the first quarter of 2022, despite a decline in its TwinSpires wagering business.

The year-on-year revenue growth was driven by a 16 per cent increase in net revenue from CDI’s core Gaming segment to $179.2m, with the comparable period last year impacted by capacity restrictions related to Covid-19.

Live and Historical Racing net revenue rose 35 [...]

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