Churchill Downs Incorporated

Churchill Downs Incorporated

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Churchill Downs Incorporated

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Description:
Churchill Downs Incorporated () is the parent company of Churchill Downs. The company owns several other thoroughbred and standardbred racetracks.

History

After simulcasting became commonplace in the early 1990s the racetrack decided to expand its holdings and move into the simulcasting industry. Under the leadership of President and CEO, Thomas H. "Tom" Meeker, the racetrack began to buy and build more racetracks. In 1994, Churchill Downs began to expand its holdings with the plans to partner with a new racetrack in Indiana. The plan resulted in the purchase of Hoosier Park from businessman Louis Carlo.

In 1998, CDI purchased Ellis Park Racecourse in Henderson, Kentucky. In 1999, the company acquired Calder Race Course and Hollywood Park Racetrack from Hollywood Park Inc. In 2000, CDI merged with Arlington Park and the eight OTB's owned by Arlington. In 2004 the Churchill Downs Incorporated finalized the purchase of Fair Grounds Race Course.

In April 2002, Churchill Downs Incorporated established the Green Pastures Program in partnership with the Thoroughbred Retirement Foundation, a leading American racehorse rescue and adoption organization.

In 2005, the company announced that it was selling Hollywood Park Racetrack to the Bay Meadows Land Company. The plan is to demolish the track if California does not approve alternative gaming at racetracks. As part of the deal, Bay Meadows and Hollywood Park joined the Churchill Downs Simulcast Network. Another component was...
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