Churchill Downs Incorporated Announces New $500 Million Share Repurchase Program

Core Points - Churchill Downs Incorporated ("CDI") announced a new $500 million share repurchase program, replacing the previous program authorized in September 2021, which had an unused authorization of$125.6 million as of March 12, 2025 [1] - The new share repurchase program allows for repurchases at management's discretion, either in the open market or through privately negotiated transactions, and has no time limit [1] Company Overview - CDI has been creating entertainment experiences for over 150 years, with the Kentucky Derby being its most iconic asset [2] - The company is headquartered in Louisville, Kentucky, and has expanded through acquisitions and operations in live and historical racing, online wagering, and regional casino gaming [2]