Churchill Downs Incorporated (CDI) has received approval from the Calvert City Planning and Zoning Board to develop Marshall Yards Racing & Gaming, the company’s eighth historical horse racing entertainment venue in Kentucky.
The new venue is slated to open in early 2026 with up to 240 historical racing machines (HRMs), a retail sportsbook, simulcast wagering, and food and beverage offerings.
The development will operate as an annex of Oak Grove Racing, Gaming & Hotel and is expected to cost between $40 million to $50 million.
“Calvert City is thrilled to welcome Churchill Downs to our community,” said Calvert City Mayor Gene Colburn. “This project is a testament to our city’s strategic location at the crossroads of two major interstates, making us an ideal destination for economic growth and innovation.
“Churchill Downs represents a cornerstone of Kentucky’s rich heritage, and having this iconic brand invest in Calvert City is both an honor and an incredible opportunity. We look forward to the exciting development and opportunities this will bring to our region.”
CDI chief executive Bill Carstanjen commented: “We are proud to announce this investment in Calvert City. In addition to delivering a premier gaming and entertainment experience, this project will deliver $45 million in annual regional economic impact and create 250 construction jobs and 90 permanent jobs.”
Shares in Churchill Downs Incorporated (NASDAQ:CHDN) closed 0.91 per cent lower at $140.96 per share in New York Thursday.