15:23 ET - The opening of Churchill Downs' Owensboro racing and gaming venue represents its seventh horse racing entertainment investment in Kentucky as the company takes advantage of its privileged position in the state. The investment made by the Louisville, Ky.-based company, known for its Kentucky Derby race and casinos, stood at $100 million as planned, and was completed on time. CEO Bill Carstanjen says the expansion is part of its plan to expand its footprint in western Kentucky. The company didn't provide details about additional expansion plans in the region or outside of it. Shares fall 0.5% to $121.21. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 12, 2025 15:23 ET (20:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.