What Gulfstream Park does

Gulfstream Park, founded in 1939 in Hallandale Beach, Florida, is a destination Thoroughbred horse racing, casino, and entertainment venue operated as part of the 1/ST network (a subsidiary of The Stronach Group). The property features three race courses, a year-round casino floor with slots and electronic table games, and Gulfstream Park Village — over 500,000 square feet of open-air retail, dining, and entertainment space anchored by more than 20 restaurants, bars, and nightspots. Signature events include the Pegasus World Cup Championship Invitational Series (a $3M purse race since 2016) and the G1 Florida Derby, both nationally broadcast on NBC and Peacock.

The venue's commercial engine rests on five primary revenue streams: parimutuel wagering on live and simulcast races; casino gaming via slots and electronic table games operating 365 days per year; ticketing, suites, Champions Club memberships, and hospitality/event packages (corporate events, weddings, day-at-the-races); retail and dining leasing across Gulfstream Park Village managed by VGP Management; and, more recently, digital wagering through the 1/ST Bet platform and the newly launched Gulfstream Racing mobile app (January 2025) integrated with Everi Holdings' BeOn Mobile platform and CashClub Wallet for cashless wagering. The company pursues a multi-channel strategy combining direct-to-consumer venue operations with mobile/online betting and event-driven entertainment partnerships.

The customer base is horizontally segmented: horse racing enthusiasts and bettors (both casual racegoers and serious handicappers); casino gamblers seeking year-round gaming; event attendees and hospitality customers (corporate clients, VIP guests, families); and retail/dining visitors to Gulfstream Park Village. Marketing relies on a combination of organic social, 1/ST TV programming, earned media through NBC/Peacock broadcasts, email/text updates, and partnerships with entertainment brands such as Groot Hospitality and Palm Tree Crew. The combined offering positions Gulfstream Park as one of the largest integrated racing-casino-entertainment venues in the United States, though its growth signals are mixed given a 9.5% year-over-year decline in April 2026 slots revenue.

Name

Gulfstream Park

Legal name

Gulfstream Park

Website

https://gulfstreampark.com

Company type

Private

Founded year

1939

Operating status

Operating

Headcount range

101–250 employees

Short description

Gulfstream Park is a 1939-founded Thoroughbred horse racing, casino, and entertainment destination in Hallandale Beach, Florida, operating under 1/ST and The Stronach Group. It serves racing fans, casino gamblers, event attendees, and retail/dining visitors across three race courses, a 365-day casino, and 500,000+ sq ft of amenity space.

Ownership category

akta.pro rank

Headquarters

HQ city

Hallandale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Parimutuel Wagering: Gulfstream Park earns revenue through parimutuel betting on horse races. The track recorded $4.7 million in slots revenue for April (representing a 9.5% year-over-year decline), placing third among Florida's non-tribal casinos. Wagering handle reached $48.5 million for the 2026 Pegasus World Cup.
2. Casino Gaming: The casino operates 365 days a year offering state-of-the-art slots and electronic table games. Revenue is generated through casino play, with the casino open alongside world-class Thoroughbred racing, dining, and entertainment.
3. Events and Entertainment: Revenue from marquee events including the Pegasus World Cup ($3 million purse for the Championship Invitational), Florida Derby, and other stakes races. Additional revenue from hospitality packages, VIP experiences, and entertainment performances.
4. Retail and Dining Leasing: Gulfstream Park Village encompasses more than 500,000 square feet of retail and dining space. Revenue is generated through leasing to retailers, restaurants, and entertainment operators. The property hosts over 20 restaurants, bars, and nightspots.
5. Season Tickets and Hospitality: Revenue from reserved seat tickets (with 20% discount for season purchases), suite sales, Champions Club memberships, day-at-the-races packages, and corporate event bookings.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Gulfstream Park operates a Thoroughbred horse racing track and full-service casino in Hallandale Beach, Florida, complemented by over 500,000 square feet of retail and dining space at Gulfstream Park Village. The venue hosts year-round live racing, signature stakes events including the Pegasus World Cup and Florida Derby, and offers digital wagering through the 1/ST Bet platform and the Gulfstream Racing mobile app launched in partnership with Everi Holdings.

Product overview

Gulfstream Park operates as a comprehensive entertainment destination combining Thoroughbred horse racing with casino gaming and hospitality services. The core offering centers on live horse racing at its Hallandale Beach facility, complemented by a full-service casino, over 20 restaurants and retail establishments at Gulfstream Park Village, and the signature Pegasus World Cup Invitational event. Digital services include the Gulfstream Racing mobile app (launched January 2025) featuring cashless wagering via Everi's BeOn™ platform, and 1/ST Bet online wagering platform. The venue hosts multiple racing meets including the Royal Palm Meet and Championship Meet, offering both on-site and remote wagering capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Gulfstream Racing App: Mobile application launched in January 2025 featuring integrated horse wagering, ticketing, dining reservations, and race schedules using Everi's BeOn Mobile platform and CashClub Wallet technology.
• Pegasus World Cup
• Royal Palm Meet

Products and services

• Gulfstream Park Racetrack & Casino South Florida's premier Thoroughbred horse racing track and casino destination featuring live racing, casino gaming, dining, shopping, and entertainment across the racetrack, casino floor, and Gulfstream Park Village.
• Gulfstream Casino State-of-the-art casino featuring slots and electronic table games, open 365 days a year alongside world-class Thoroughbred horse racing, dining, and entertainment.
• Gulfstream Park Village

Quantifiable outcome

• $48.5 million wagered at 2026 Pegasus World Cup (record)
• +3 more outcomes

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• Everi Holdings Inc.coreTechnology or Integration · 29 January 2025Everi Holdings and 1/ST launched the Gulfstream Racing mobile app at Gulfstream Park on January 29, 2025. The app utilizes Everi's BeOn Mobile platform and CashClub Wallet technology to enable cashless wagering for on-site fans. Phase II will expand the venue app to Santa Anita Park with enhanced wagering and wallet funding capabilities.
• Groot HospitalityflagshipStrategic or Co-development PartnerGroot Hospitality continues as a key entertainment partner for the Pegasus World Cup, delivering signature dining experiences combining Thoroughbred competition with gourmet food from five-star Miami restaurants.
• Palm Tree CrewflagshipStrategic or Co-development PartnerPalm Tree Crew continues as an entertainment partner for the Pegasus World Cup, contributing to the signature entertainment experience combining Thoroughbred competition with music, dining, and VIP hospitality.
• NBC and PeacockflagshipGTM or Marketing PartnerNational broadcast partner for the Pegasus World Cup. The 2026 Pegasus World Cup was nationally broadcast on NBC and Peacock, reaching audiences in more than 150 territories worldwide.
• 1/STcoreTechnology or Integration1/ST is the parent company and technology partner powering Gulfstream Park's digital operations including the 1/ST Bet wagering platform, 1/ST TV broadcasting, and the unified mobile app ecosystem spanning Gulfstream Park, Santa Anita Park, and other 1/ST venues.
• VGP ManagementcoreChannel Partner/ Reseller/ DistributorVGP Management handles retail and dining leasing for Gulfstream Park Village. More than 500,000 square feet of sunny, open-air spaces attracting retailers, dining operators, and entertainment tenants. Contact: 954.457.6514, [email protected]

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• New York Racing Association (NYRA): Operates Belmont Park, Saratoga, and Aqueduct — top-tier thoroughbred venues with on-site wagering, dining, and broadcast. Directly comparable as a multi-track thoroughbred operator with flagship stakes races and large attendance events.
• Santa Anita Park: Sister property under 1/ST (parent Stronach Group), also a premier Southern California thoroughbred track. Operates on the same 1/ST network, 1/ST Bet wagering platform, and shared digital ecosystem launching Phase II of the Gulfstream Racing app.
• Saratoga Race Course: NYRA-operated seasonal thoroughbred meet with strong attendance, premium hospitality, and stakes-heavy calendar. Comparable to Gulfstream's Royal Palm Meet as a flagship seasonal venue with high per-handle economics.
• Churchill Downs Incorporated: Operates the Kentucky Derby venue plus a portfolio of racing and HRM/racino assets (e.g., Derby City Gaming) and a major online wagering platform. Directly comparable as a thoroughbred racing operator with integrated casino, retail, hospitality, and digital betting capabilities.
• Del Mar Thoroughbred Club: Operates the Del Mar racetrack plus a satellite Thoroughbred-meet at San Diego's Surfside Race Place. Directly comparable as a high-attendance seasonal thoroughbred venue with premium hospitality.
• Keeneland Association: Lexington-based thoroughbred auction, sales, and racing operation. Comparable as a premier Kentucky/Bluegrass thoroughbred venue without an integrated casino, often cited as a standards-setter for stakes and sales quality.
• Pimlico Race Course: Another Stronach Group / 1/ST sister property, home of the Preakness Stakes. Comparable as a major Mid-Atlantic thoroughbred track sharing the same parent racing operator, wagering tech, and hospitality model.
• The Meadows Racetrack and Casino: Stronach Group/1/ST-operated Pennsylvania harness racing and casino venue. Comparable as another integrated racing-and-casino property from the same parent operator with shared technology stack.
• Laurel Park: Maryland thoroughbred track also operated by the Stronach Group's 1/ST. Comparable as a sister racing property sharing the same parent operator and digital wagering platform.

Broad incumbents

• Penn Entertainment: Large publicly traded regional gaming operator with racetrack/racino assets and the ESPN BET online wagering platform. Comparable as a broader incumbent in the racing + casino + online wagering convergence space Gulfstream competes in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/GulfstreamPark
• YouTubeyoutube.com/user/GulfstreamParkRacing
• Facebookfacebook.com/GulfstreamPark
• Instagraminstagram.com/GulfstreamPark

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gulfstream Park