{"id":251,"date":"2024-06-26T23:33:38","date_gmt":"2024-06-26T20:33:38","guid":{"rendered":"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/"},"modified":"2024-06-26T23:33:38","modified_gmt":"2024-06-26T20:33:38","slug":"churchill-downs-reports-record-earnings-in-first-quarter","status":"publish","type":"post","link":"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/","title":{"rendered":"Churchill Downs Reports Record Earnings in First Quarter"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/KzIiiuCuSgw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Churchill Downs Incorporated (CDI) began 2021 with a record-breaking period ending on March 31st. <\/p>\n<p>Churchill Downs earnings reached a record $364.1 million in the initial three months.<br \/>\nCDI&#8217;s overall earnings increased by 12.3% annually to $364.1 million (\u00a3290.4 million\/\u20ac345.9 million) in the three months concluding March 31, 2022, establishing a new company record. <\/p>\n<p>Gaming was the leading performer in the initial quarter, with earnings of $179.2 million, up 16.4% annually, due to the relaxation of capacity limitations at its Oxford Casino Hotel in Maine, Calder Casino in Florida, and Presque Isle Downs in Pennsylvania. <\/p>\n<p>The gaming sector will expand further through the acquisition of Peninsula Pacific Entertainment, which will add properties in New York, Virginia, and Iowa to CDI&#8217;s collection. <\/p>\n<p>The operator&#8217;s advance deposit wagering business, Twinspires, closely followed with earnings of $101.4 million, slightly down annually, after horse racing earnings declined, partially offset by growth in its sports and casino operations. However, this business is being gradually eliminated. <\/p>\n<p>CDI&#8217;s live and historical horse racing business saw earnings increase by 34.8%. The company attributed the $87.2 million total earnings to increased revenue at its Kentucky Oaks and Derby City gaming locations. <\/p>\n<p>Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $128.5 million, compared to $110.6 million in the first quarter of 2021. <\/p>\n<p>With the lifting of COVID-19 limitations, numerous hotels have returned to full functionality, resulting in a 14.1% surge in operating expenditures for the current quarter, reaching $316.7 million.  Despite this increase, operational earnings still achieved $47.4 million, slightly exceeding the corresponding period in the previous year.<\/p>\n<p>However, this figure was diminished by $21.3 million in interest charges.  But a $32.5 million portion of equity from non-consolidated subsidiaries led to a $11.2 million rise in pre-tax earnings, reaching $58.6 million.  After subtracting $16.5 million in income tax, CDI&#8217;s net profit for the quarter amounted to $42.1 million, signifying a 16.6% year-on-year growth.<\/p>\n<p>Sign up for the iGaming News Newsletter <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Churchill Downs Incorporated (CDI) began 2021 with a record-breaking period ending on March 31st. Churchill Downs earnings reached a record $364.1 million in the initial three months. CDI&#8217;s overall earnings increased by 12.3% annually to $364.1 million (\u00a3290.4 million\/\u20ac345.9 million) in the three months concluding March 31, 2022, establishing a new company record. Gaming was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Churchill Downs Soars to Record Earnings in Q1<\/title>\n<meta name=\"description\" content=\"Churchill Downs Incorporated (CDI) reports record-breaking earnings in the first quarter of 2022, driven by strong performance in gaming.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Churchill Downs Reports Record Earnings in First Quarter\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Churchill Downs Incorporated (CDI) reports record-breaking earnings in the first quarter of 2022, driven by strong performance in gaming.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Explore the Future of Casino Entertainment | News &amp; Licensed Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T20:33:38+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/\",\"url\":\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/\",\"name\":\"Churchill Downs Soars to Record Earnings in Q1\",\"isPartOf\":{\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-26T20:33:38+00:00\",\"dateModified\":\"2024-06-26T20:33:38+00:00\",\"author\":{\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Churchill Downs Incorporated (CDI) reports record-breaking earnings in the first quarter of 2022, driven by strong performance in gaming.\",\"breadcrumb\":{\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/2024\/06\/26\/churchill-downs-reports-record-earnings-in-first-quarter\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/slotsgarden100nodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Churchill Downs Reports Record Earnings in First Quarter\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/slotsgarden100nodepositbonus.icu\/#website\",\"url\":\"https:\/\/slotsgarden100nodepositbonus.icu\/\",\"name\":\"Explore the Future of Casino Entertainment | News &amp; Licensed Games\",\"description\":\"Stay on top of the online gambling world with our fresh casino news, in-depth reviews, and expert articles. 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