Churchill Downs, VICI Properties Announce Buyback Binges

Plenty of casino stocks are in the dumps this year, but some industry executives see value in their companies’ battered shares as highlighted by a new wave of buyback announcements. In conjunction with the releases of their third-quarter earnings today, both Churchill Downs (NASDAQ: CHDN) and casino real estate giant VICI Properties (NYSE: VICI) unveiled new repurchase programs. The racetrack operator said its board of directors signed off on a fresh $750 million repurchase plan. Churchill Downs’ existing share retirement effort was announced in July 2025 .