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Company Directory - Churchill Downs Incorporated

Company Details - Churchill Downs Incorporated

Churchill Downs Incorporated Logo

Churchill Downs Incorporated

Website

Louisville, United States

NASDAQ: CHDN 

ISIN: US1714841087

14 Locations

Churchill Downs is a prominent horse racing company best known for hosting the iconic Kentucky Derby, one of the most prestigious horse races in the United States. The company operates various racetracks and provides live racing, online wagering, and gaming entertainment options.

CCI Score

CCI Score: Churchill Downs Incorporated

-22.55

0.07%

Latest Event

Churchill Downs Announces Initiatives to Reduce Equine Fatalities

Following an investigation by HISA into equine fatalities, Churchill Downs Incorporated announced critical initiatives aimed at enhancing equine welfare, reflecting an effort to address ethical concerns in its operational practices.

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ACCOMPLICE

Churchill Downs Incorporated is currently rated as an Accomplice.

-20 to -29 CCI Score
These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

  • Churchill Downs Announces Initiatives to Reduce Equine Fatalities Logo
    SEP
    12
    2023

    Following an investigation by HISA into equine fatalities, Churchill Downs Incorporated announced critical initiatives aimed at enhancing equine welfare, reflecting an effort to address ethical concerns in its operational practices.

  • +50

    Business Practices and Ethical Responsibility

    May 4

    The release of HISA's investigation findings, coupled with Churchill Downs' announcement of initiatives to reduce equine fatalities, indicates a move toward improved ethical business practices. This response demonstrates a commitment to corporate accountability and moral responsibility, aligning with progressive values by addressing welfare concerns.

    HISA Releases Findings of Churchill Downs Investigation and Announces Critical Initiatives to Reduce Equine Fatalities

  • Threat of Strike by Valets at Churchill Downs Over Labor Dispute Logo
    MAY
    07
    2023

    A group of Churchill Downs workers, primarily valets, have threatened to strike on Kentucky Derby day if their union’s demands for increased wages and guaranteed minimum staffing are not met. The union is calling for significant wage hikes and better staffing levels, while Churchill Downs maintains that scheduling is tied to race entries and offered modest raises.

  • -30

    Labor Relations and Human Rights Practices

    May 4

    The company’s response to union demands—offering a 6% raise next year and not guaranteeing adequate staffing—demonstrates a lack of robust commitment to fair labor practices and worker rights. This inadequate offer, juxtaposed with the union’s call for significant wage increases and secure staffing levels, reflects a tendency to underprioritize worker welfare.

    Group of Churchill Downs workers planning a strike for Derby if they can't reach deal - WLKY

  • Churchill Downs Labor Dispute over Picketing Rights Logo
    NOV
    19
    2021

    A Louisville labor group filed an eleventh-hour lawsuit seeking an emergency restraining order to allow valets to picket outside Churchill Downs during the Kentucky Derby. The suit alleges that Churchill Downs secured permits to block access to public sidewalks, effectively undermining the union's right to peaceful protest and disrupting negotiations.

  • -50

    Labor Relations and Human Rights Practices

    May 4

    Churchill Downs is implicated for obstructing workers' rights by securing permits to block picketing and canceling union meetings, suggesting a prioritization of profit over labor rights. Such actions undermine the principles of fair labor practices and can be seen as aligning with authoritarian business behavior.

    Labor group files 11th-hour lawsuit in Churchill Downs dispute

  • Labor Dispute and Potential Strike at Churchill Downs Logo
    SEP
    04
    2021

    Unionized workers at Churchill Downs, including valets and parimutuel clerks, are in a standoff over wage increases and pension improvements. With negotiations stalling and a potential work stoppage looming just before the Kentucky Derby, the dispute highlights stark wage disparities, such as CEO compensation far exceeding median worker wages.

  • -80

    Labor Relations and Human Rights Practices

    May 4

    Churchill Downs Inc.'s refusal to meet modest union demands for wage and pension increases, despite clear evidence of significant income disparity (e.g., CEO pay versus worker wages), reflects exploitative labor practices that undermine workers' rights and contribute to broader societal inequality.

    Potential Work Stoppage Looms Over Saturday’s Kentucky Derby

  • Churchill Downs Labor Dispute over Valets' Pay Logo
    APR
    30
    2021

    Churchill Downs Inc. is embroiled in a labor dispute with SEIU Local 541, the union representing seasonal valets, ahead of the Kentucky Derby. The union demands a wage increase—from roughly $16 to $20 per hour—to ensure fair working conditions, while the company has offered modest raises and criticized the union for creating a spectacle. The dispute has drawn national attention, highlighting concerns about worker rights and fair compensation in contrast to executive pay levels.

  • -60

    Labor Relations and Human Rights Practices

    May 4

    The company's minimal wage increases and refusal to meet union demands, accompanied by dismissive language toward the union's concerns, reveal inadequate labor practices. Such actions undermine worker rights and fair labor standards, reflecting poorly on their ethical responsibility in labor relations.

    Churchill Downs: Labor dispute won't be resolved before Derby

Corporate Financials

Revenue
2022
$490.00M
Total Assets
2022
$1.00B
Operating Income
2022
$111.00M
Total Equity
2022
$700.00M

Industries

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