Presque Isle Downs & Casino Among Those to Be Sold by Churchill Downs

Local officials says casino, foundation roles will remain stable

Terre Haute and Vigo County officials responded Thursday to news that Churchill Downs Inc. might divest itself of up to nine regional casinos it owns, including the Terre Haute Casino Resort.

Erie County leaders speak on potential sale of Presque Isle Downs

Presque Isle Downs and Casino could see new ownership as its parent company revealed the casino is one of nine properties Churchill Downs Incorporated may consider selling. A filing with the Securities and Exchange Commission states that these gaming properties are ones they are "exploring various options to sell." Churchill Downs said in their earnings [...]

Presque Isle Downs & Casino among those to be sold by Churchill Downs

Churchill Downs Inc. announces strategic realignment to focus on racing – U.S. Trotting News

BloodHorse.com on Thursday (July 30) reported that Churchill Downs Inc. plans to sell nine wholly owned casinos “as it plans to move forward by leaning into its horse racing and pari-mutuel properties.”

Churchill May Sell Several Casino Properties, Including Presque Isle Downs

Churchill Downs Inc. (CDI) stock fell nearly 7 percent Thursday after the company announced plans to sell nine casinos and refocus on its horse racing businesses. Churchill's stock price reached its lowest level in six years. Among the properties Churchill may put up for sale is Presque Isle Downs in Erie, Pennsylvania. In what is called a Form 8-K that has been presented to the United States Securities and Exchange Commission, Churchill reporte…

CDI exec: Company is 'pleased' with plan to sell casinos

Churchill Downs Inc. CEO Bill Carstanjen said Thursday that the company is "pleased" with its plan, announced Wednesday, to explore the sale of Presque Isle Downs and Casino and eight other regional gaming properties. The announcement after the market closed was accompanied by news that although the Louisville, Ky.-based company posted record earnings for the second quarter, the $3.45 earnings per share missed the Zacks Consensus Estimate of $3.…