Most people know Churchill Downs (CHDN) for its namesake racetrack and the Kentucky Derby. But what most people don't know is that Churchill Downs is a mini-conglomerate in gaming.
The company's divisions include racing, gaming, online businesses and other investments related to the racing and gaming industry. Churchill Downs employs more than 3,700 people and has operations in eight states: California, Florida, Maine, Georgia, Illinois, Kentucky, Mississippi, and New York.
Besides its Churchill Downs Racetrack in Louisville, Kentucky, the company also owns Arlington International Race Course in Illinois, Calder Race Course in Miami Gardens, Florida, and Fair Grounds Race Course in New Orleans.
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In Illinois the company has ten off-track betting (OTB)...