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 [...]
