CHURCHILL DOWNS INC.

The stock of Churchill Downs hit a 52‑week low of $80.22, about 24.6% below last year’s level. For Q2 2026 the company reported record revenue of $980 million and adjusted earnings of $3.45 per share, which slightly missed analysts’ expectations. Churchill Downs announced the sale of nine regional gaming properties, while management continues aggressive share buybacks; an InvestingPro analysis rates the stock as undervalued at current levels. » Mere på de.investing.com

Churchill Downs has signed a definitive agreement to repurchase a 49% stake in United Tote from NYRA Content Management Solutions. As part of the transaction, NYRA will extend its service agreement for totalisator wagering with United Tote through 2035; closing is expected by August 5, 2026. Churchill Downs calls the move part of its strategy to vertically integrate totalisator technologies and to strengthen its B2B offering for horse-racing content and race services. » Mere på de.investing.com

The U.S. state of Maryland will exercise its right of first refusal and take over the trademarks and other rights to the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Maryland LLC for $85 million. In doing so, the state matches the previously agreed purchase price that had also been offered by Churchill Downs. Churchill Downs says it is willing to continue working with state authorities on redesigning the Pimlico race track; despite this development the company remains under pressure in its stock price but, according to metrics, is currently moderately valued. » Mere på de.investing.com