{"id":215,"date":"2024-06-19T11:49:12","date_gmt":"2024-06-19T08:49:12","guid":{"rendered":"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/churchill-downs-explores-sale-of-twinspires-wagering-platform\/"},"modified":"2024-06-20T17:11:57","modified_gmt":"2024-06-20T14:11:57","slug":"churchill-downs-explores-sale-of-twinspires-wagering-platform","status":"publish","type":"post","link":"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/churchill-downs-explores-sale-of-twinspires-wagering-platform\/","title":{"rendered":"Churchill Downs Explores Sale of TwinSpires Wagering Platform"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/4Tcwbo0CAzA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>According to a Bloomberg article, Churchill Downs Inc. is contemplating the divestiture of its horse racing wagering platform, TwinSpires.  This prospective transaction carries significant weight as TwinSpires holds a prominent position within the sector, serving as the Kentucky Derby&#8217;s official betting associate.<\/p>\n<p>Although Churchill Downs has not issued a formal statement, insiders indicate that the company has engaged advisors to identify a purchaser.  The acquisition cost could reach $1.5 billion, but no definitive agreements have been made.<\/p>\n<p>Market participants have responded favorably to the reports, propelling Churchill Down&#8217;s share price upward. This surge in valuation is unsurprising considering TwinSpires&#8217; robust financial results.  In the third quarter of 2021, their earnings experienced a remarkable 56% increase compared to the same period in 2019, while the aggregate sum wagered on their platform surged by nearly one-third. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a Bloomberg article, Churchill Downs Inc. is contemplating the divestiture of its horse racing wagering platform, TwinSpires. This prospective transaction carries significant weight as TwinSpires holds a prominent position within the sector, serving as the Kentucky Derby&#8217;s official betting associate. Although Churchill Downs has not issued a formal statement, insiders indicate that the [&hellip;]<\/p>\n","protected":false},"author":77,"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>TwinSpires Sale? Churchill Downs Eyes Divestiture of Betting Platform<\/title>\n<meta name=\"description\" content=\"Whispers abound on Wall Street: is Churchill Downs ready to part ways with its renowned betting platform, TwinSpires? The Kentucky Derby\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/churchill-downs-explores-sale-of-twinspires-wagering-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Churchill Downs Explores Sale of TwinSpires Wagering Platform\" \/>\n<meta property=\"og:description\" content=\"Whispers abound on Wall Street: is Churchill Downs ready to part ways with its renowned betting platform, TwinSpires? The Kentucky Derby\" \/>\n<meta property=\"og:url\" content=\"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/churchill-downs-explores-sale-of-twinspires-wagering-platform\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Source for Expert Casino Insights &amp; Licensed Gaming News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T08:49:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:11:57+00:00\" \/>\n<meta name=\"author\" content=\"Piper &quot;Phoenix&quot; Guthrie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piper &quot;Phoenix&quot; Guthrie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/churchill-downs-explores-sale-of-twinspires-wagering-platform\/\",\"url\":\"https:\/\/america777nodepositbonus.icu\/2024\/06\/19\/churchill-downs-explores-sale-of-twinspires-wagering-platform\/\",\"name\":\"TwinSpires Sale? 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