{"id":98,"date":"2024-06-14T04:59:19","date_gmt":"2024-06-14T01:59:19","guid":{"rendered":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/14\/churchill-downs-explores-sale-of-twinspires-betting-platform\/"},"modified":"2024-06-17T13:21:28","modified_gmt":"2024-06-17T10:21:28","slug":"churchill-downs-explores-sale-of-twinspires-betting-platform","status":"publish","type":"post","link":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/14\/churchill-downs-explores-sale-of-twinspires-betting-platform\/","title":{"rendered":"Churchill Downs Explores Sale of TwinSpires Betting Platform"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/QSWbugkCOww\"\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, the official wagering partner of the Kentucky Derby, is contemplating the divestiture of its digital gaming platform, TwinSpires. This revelation led to a surge in the company&#8217;s share price. <\/p>\n<p>Insiders indicate that the Louisville-headquartered corporation is collaborating with a consultant to identify a suitable purchaser for the platform. Although Churchill Downs has not issued an official statement regarding the potential transaction, industry experts estimate the division could command a price exceeding $1.5 billion.  It&#8217;s crucial to emphasize that no definitive determination has been reached, and Churchill Downs retains ownership of TwinSpires.<\/p>\n<p>Subsequent to the announcement, Churchill Downs witnessed its stock price ascend to $236.26, elevating its market capitalization to $8.8 billion. This follows a robust performance by TwinSpires, with the company disclosing a 56% year-on-year surge in adjusted EBITDA for the third quarter of 2021, attaining $31.2 million. The platform has also experienced a 31% growth in wagering volume between the third quarter of 2019 and the third quarter of 2021. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a Bloomberg article, Churchill Downs, the official wagering partner of the Kentucky Derby,&#8230;<\/p>\n","protected":false},"author":86,"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>Churchill Downs Betting on TwinSpires Sale? \ud83d\udcb0<\/title>\n<meta name=\"description\" content=\"Whispers are swirling that Churchill Downs, the home of the Kentucky Derby, might sell its TwinSpires online gaming platform. Could this be a winning bet for investors? \ud83e\udd14\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/14\/churchill-downs-explores-sale-of-twinspires-betting-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 Betting Platform\" \/>\n<meta property=\"og:description\" content=\"Whispers are swirling that Churchill Downs, the home of the Kentucky Derby, might sell its TwinSpires online gaming platform. 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