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Churchill Downs Incorporated
Churchill Downs Incorporated is the parent company of Churchill Downs. The company has evolved from one racetrack in Louisville, Kentucky, to a multi American-state-wide, publicly traded company with racetracks, casinos and an online wagering company among its portfolio of businesses.
Churchill Downs Incorporated began with the opening of a racetrack in Louisville, Kentucky, in 1875. While traveling in England and France in 1872–1873, 26-year-old Meriwether Lewis Clark devised the idea of a Louisville Jockey Club for conducting race meets. Clark toured and visited with a number of notable racing leaders, including England's Admiral Rous and France's Vicomte Darn, vice president of the French Jockey Club.
Upon his return from Europe, Clark began development of his racetrack, which would serve to showcase the Kentucky breeding industry. The track would eventually become known as Churchill Downs.
The track formally opened on May 17, 1875, with four races scheduled including the day's featured race, the Kentucky Derby.
In 1919, a syndicate of horse breeders established the Kentucky Jockey Club to consolidate the state's thoroughbred racing industry. It acquired the four major tracks in the state: Churchill Downs, Latonia Race Track, the Lexington Race Course and Douglas Park Racetrack in Louisville. Douglas Park was closed and eventually donated to the American Legion, while the Lexington track was sold to a group of local businessmen in 1923.
The Jockey Club decided to dissolve in December 1927, with the purpose of re-organizing. In January 1928, the American Turf Association was formed as the new holding company for Churchill Downs and six other tracks. The entity that is Churchill Downs Incorporated today was created at that time as the operating company for Churchill Downs.
From 1929 through 1942, the holding company started to reduce the number of tracks. By 1937, there were only three tracks left.
In January 1937, the operating companies for Churchill Downs and Latonia Race Track were merged to create Churchill Downs–Latonia Incorporated. Business at Latonia declined, and it held its last races in 1939. In 1942, the Latonia property was sold to Standard Oil of Ohio, and the operating company's name was changed to Churchill Downs, Incorporated.
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Churchill Downs Incorporated
Churchill Downs Incorporated is the parent company of Churchill Downs. The company has evolved from one racetrack in Louisville, Kentucky, to a multi American-state-wide, publicly traded company with racetracks, casinos and an online wagering company among its portfolio of businesses.
Churchill Downs Incorporated began with the opening of a racetrack in Louisville, Kentucky, in 1875. While traveling in England and France in 1872–1873, 26-year-old Meriwether Lewis Clark devised the idea of a Louisville Jockey Club for conducting race meets. Clark toured and visited with a number of notable racing leaders, including England's Admiral Rous and France's Vicomte Darn, vice president of the French Jockey Club.
Upon his return from Europe, Clark began development of his racetrack, which would serve to showcase the Kentucky breeding industry. The track would eventually become known as Churchill Downs.
The track formally opened on May 17, 1875, with four races scheduled including the day's featured race, the Kentucky Derby.
In 1919, a syndicate of horse breeders established the Kentucky Jockey Club to consolidate the state's thoroughbred racing industry. It acquired the four major tracks in the state: Churchill Downs, Latonia Race Track, the Lexington Race Course and Douglas Park Racetrack in Louisville. Douglas Park was closed and eventually donated to the American Legion, while the Lexington track was sold to a group of local businessmen in 1923.
The Jockey Club decided to dissolve in December 1927, with the purpose of re-organizing. In January 1928, the American Turf Association was formed as the new holding company for Churchill Downs and six other tracks. The entity that is Churchill Downs Incorporated today was created at that time as the operating company for Churchill Downs.
From 1929 through 1942, the holding company started to reduce the number of tracks. By 1937, there were only three tracks left.
In January 1937, the operating companies for Churchill Downs and Latonia Race Track were merged to create Churchill Downs–Latonia Incorporated. Business at Latonia declined, and it held its last races in 1939. In 1942, the Latonia property was sold to Standard Oil of Ohio, and the operating company's name was changed to Churchill Downs, Incorporated.