Churchill Downs (CHDN) Q2 2025 Earnings Call July 24, 2025 09:00 AM ET Company ParticipantsSam Ullrich - VP - IRWilliam Carstanjen - CEO & DirectorMarcia Dall - Chief Financial OfficerBarry Jonas - Managing DirectorDavid Katz - Managing DirectorDaniel Politzer - Executive Director, Equity Research - Gaming and LodgingBrandt Montour - Director - Equity ResearchJeffrey Stantial - Managing Director - Gaming & LeisureConference Call ParticipantsChad Beynon - Managing Director, AnalystDaniel Guglielmo - Equity R ...

Churchill Downs (CHDN) Q2 2025 Earnings Call July 24, 2025 09:00 AM ET Speaker0Day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated twenty twenty five Second Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session and instructions will be given at that time. We ask all question and answer participants to please limit themselves to one question. As a reminder, this conference call is being recorded. ...

Core Points - The Alcohol and Gaming Commission of Ontario (AGCO) has imposed a 10-year suspension and a $40,000 penalty on Standardbred trainer Jeffrey Gillis due to violations of horseracing anti-doping rules [1][4] - The AGCO's investigation is linked to a broader international criminal investigation led by the FBI, which has resulted in charges against 27 individuals, including trainers and veterinarians, for the distribution of illegal performance-enhancing drugs (PEDs) [2] - Evidence obtained by the AGCO indicates that Gillis purchased illegal PEDs, including synthetic erythropoietin (EPO), from veterinarian Seth Fishman, who is also among those charged in the U.S. [3] Regulatory Actions - The AGCO's Rules of Racing prohibit possession or attempts to possess banned, non-therapeutic substances, and the commission has acted swiftly to uphold the integrity of the sport and protect horse welfare [4] - The AGCO's Equine Drug Unit collaborates with various authorities to monitor and enforce anti-doping regulations in Ontario [5] - Licensed participants have the right to appeal AGCO's rulings to the Horse Racing Appeal Panel (HRAP) [6] Statements and Commitments - Dr. Karin Schnarr, Registrar and CEO of AGCO, emphasized the commission's commitment to maintaining the integrity of horse racing and the welfare of horses, stating that doping will not be tolerated [7]