The Company Behind the Oldest Major Sporting Event in America
Intro
It owns one of the most recognizable pieces of real estate in American sports, and it has systematically turned that brand into a diversified gaming and entertainment empire spanning live racing, historical racing machines, regional casinos, and wagering technology.
In 2025 it delivered record net revenue and record Adjusted EBITDA for the second consecutive year, with the crown jewel producing the highest TV ratings for its flagship event in nearly 40 years.