Maryland to Match $85 M Bid for Preakness IP and Q2 Call Date Set
CHDN•State of Maryland intends to acquire Preakness Stakes and Black‐Eyed Susan Stakes IP rights by matching Churchill Downs’ $85 million agreement, potentially reshaping plans for a redeveloped Pimlico and Triple Crown positioning. Churchill Downs will release second-quarter results on July 29 after market close and host a conference call on July 30 at 9 a.m. ET.
1. Maryland Exercises Right to Acquire Preakness IP
The State of Maryland has notified Churchill Downs that it will match the company’s $85 million bid to purchase the intellectual property rights for the Preakness Stakes and Black-Eyed Susan Stakes. This move transfers trademarks and associated rights from 1/ST Maryland LLC to state ownership, prompting Churchill Downs to collaborate with state leaders on future Pimlico redevelopment and Triple Crown integration.
2. Conference Call and Earnings Release Schedule
Churchill Downs will publish its second-quarter 2026 financial results after market close on July 29, followed by a conference call on July 30 at 9 a.m. ET. Investors can access the live webcast or register for teleconference participation, with a replay available later that day on the company’s investor website.
