Churchill Downs Adds Middle East Races to Global Derby Path

Churchill Downs Incorporated (NASDAQ:CHDN) is one of the oversold mid-cap stocks to buy according to hedge funds. On October 14, the company announced the addition of three new international races to the Road to the Kentucky Derby points system: the UAE 2000 Guineas, the Saudi Derby, and a newly created Dubai Road to the Kentucky Derby Stakes.

These races will form part of the European and Middle East Road, offering horses a chance to qualify for the 2026 Kentucky Derby through designated point allocations. The move is designed to deepen Churchill Downs’ international pipeline and attract top-tier talent from regions with growing racing influence.

Churchill Downs Adds Middle East Races to Global Derby Path

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By tapping into the Middle East’s expanding horse racing circuits, the company aims to broaden its global footprint and enhance the Derby’s stature as a worldwide event. Only two horses from this expanded pathway will ultimately earn a Derby invitation, but the strategic goal is clear: reinforce the Kentucky Derby’s brand in emerging markets.

Founded in 1875 and based in Louisville, Kentucky, Churchill Downs Incorporated (NASDAQ:CHDN) owns and operates racetracks and gaming facilities across the U.S., including its flagship Churchill Downs Racetrack. It also runs TwinSpires, a major online wagering platform, and has expanded its historical racing machine footprint in multiple states.

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Disclosure: None.