Continued growth in the week leading up to the Kentucky Derby Presented by Yum! Brands (gr. I) fueled an increase in earnings for the racing segment of Churchill Downs Inc. in the second quarter of 2016.
In advance of what it anticipates will be another successful Kentucky Derby (gr. I) week, Churchill Downs Inc. April 28 reported net income of $2.8 million for the first quarter of 2016.
The diversification of racetrack and gaming company Churchill Downs Inc. not only has improved the company's bottom line, it also has provided some expertise from one segment to another.
Churchill Downs Inc. has reported record net revenues and record adjusted earnings for 2015, and its racing-related operations contributed to the record year.
Churchill Downs Inc. announced after the close of trading Nov. 19 that it has repurchased 944,756 shares of its common stock from The Duchossois Group Inc. in a privately negotiated transaction.
A day after Churchill Downs (CHDN) reported record second-quarter earnings, the company's stock price soared July 30 on the NASDAQ, setting a record high and closing up 5.55%.
Record adjusted earnings for Kentucky Derby week, up more than $6 million compared with last year, helped Churchill Downs Inc. register record adjusted second-quarter earnings of $157.2 million.
Churchill Downs Inc. announced July 14 that Robert L. Evans will retire as executive chairman of the company and as a member of management effective Sept. 30.
All-sources pari-mutuel handle on the 13-race Kentucky Derby Presented by Yum! Brands (gr. I) program May 2 totaled a record $194.3 million, up 4% from $186.6 million in 2014, Churchill Downs Inc. said.
After a record-breaking first quarter for Churchill Downs Inc., company officials expect more good news as one executive predicts record revenues from Kentucky Derby Presented by Yum! Brands (gr. I) week.
Churchill Downs Inc., reported April 27 first-quarter results that showed net revenues of $250 million, up 50% over the same quarter of 2014, primarily due to its acquisition of Big Fish Games.
- By Blood-Horse Staff
- Thoroughbred Racing, Triple Crown, Midwest Region, Southeast Region, Southwest Region, Kentucky
Churchill Downs Inc. officials said Thursday, Feb. 26, they aim to build on last year's highly profitable Kentucky Derby week but acknowledged they see little opportunity for racing growth outside of that week.
Crediting its racing, casino, and online businesses, Churchill Downs Inc. enjoyed record revenues in 2014, while also finishing the year with record revenues in the fourth quarter.
Churchill Downs Inc. and Big Fish Games, one of the largest producers and distributors of mobile and online games, said Nov. 12 they have entered into a merger agreement under which CDI will acquire all of Big Fish's stock.
Churchill Downs Inc. reported Oct. 29 record adjusted earnings for the third quarter for the racetrack and casino owner. Third quarter adjusted earnings (EBITDA) reached $32.2 million, up 1% from last year's third quarter.
Churchill Downs Inc. announced Oct. 28 an annual dividend of $1 per outstanding share, a 15% increase over prior year, on CDI's common stock, payable Jan. 7, 2015, to shareholders of record Dec. 5, 2014.
The board of directors of Churchill Downs Inc. has named William Carstanjen the company's 12th chief executive officer, a position held by Robert L. Evans since August 2006.
Churchill Downs Inc. and the Jockeys' Guild announced Aug. 11 they have reached a three-year agreement on CDI's support of the Guild and its member jockeys. Terms of the agreement were not disclosed.
Churchill Downs Inc. on July 31 became the 24th racetrack entity in the United States to commit to making a contribution to the Racing Medication and Testing Consortium.
Churchill Downs is finalizing a five-year contract to manage the Saratoga Casino and Raceway and another casino in Colorado owned by Saratoga Harness Racing Inc. CDI is pursuing a 25% equity stake in Saratoga Harness Racing.
Churchill Downs is partnering with Saratoga Casino and Raceway on a proposed resort-style casino near Albany.
Churchill Downs Inc., which spent $600,000 in the first quarter of this year on another failed bid for casino gambling in Kentucky, believes the next opportunity to makes its case will come in 2016.
Executives with Churchill Downs Inc. said Feb. 27 they are still actively pursuing casino gaming legislation and that their efforts are getting a boost from social media.
Once again, the success of the Kentucky Derby Presented by Yum! Brands and Longines Kentucky Oaks were the rare brights spots within the racing sector when Churchill Downs Inc. reported record revenues for 2013.
Austin Miller has been promoted to senior vice president of gaming operations, Churchill Downs Incorporated announced Aug. 8.
Gulfstream Park officials said April 25 that there is no truth to rumors that its parent The Stronach Group has reached an agreement to buy Calder Casino & Race Course from its parent Churchill Downs Inc.
Churchill Downs Inc. reported net revenues from continuing operations for the first quarter of 2013 increased 7% to $148.1 million from $138.2 million during the same period a year ago.
Churchill's experience in operating an ADW and working with state regulators could prove useful as it attempts to expand its Internet gambling operations.
Miami Valley Gaming & Racing, a joint venture of Delaware North Companies Gaming & Entertainment and Churchill Downs Incorporated, has completed its purchase of the harness racing assets held by Lebanon Raceway in Ohio.
Churchill Downs Inc. announced Oct. 19 that Senior Vice President of Racing Donnie Richardson will leave the company at the end of the year.
Due primarily to increased business Kentucky Derby week and continued growth at TwinSpires.com, Churchill Downs Inc. reported an 8% increase in net revenues from continuing operations for the second quarter of 2012.
Penn National Gaming Inc., which owns two racetracks in Ohio, said it will run full live racing schedules at both tracks for the rest of this year and possibly next year depending on resolution of a legal challenge.
Delaware North Companies Gaming & Entertainment and Churchill Downs Inc. announced March 1 their joint venture to purchase Lebanon Raceway in Lebanon, Ohio, and develop a new video lottery terminal facility.
Churchill Downs Inc. reinforced its safety initiatives April 11 and said it plans to seek re-accreditation for its four racetracks through the National Thoroughbred Racing Association Safety and Integrity Alliance.
Gulfstream Park would be willing to consider a partial change in southeast Florida's racing calendar, a top official of Gulfstream's parent MI Developments.
Tony Petrillo has been promoted to general manager of Arlington Park.
Roy Arnold has resigned as president of Arlington Park and its OTB affiliates, Churchill Downs Inc. announced Oct. 11.
A day after Churchill Downs Inc. issued a revenue report from the first quarter of 2010 officials analyzed the information and talked about what's in store for the future of the company.
An executive with the Harrah's gaming company has been hired to run Fair Grounds Race Course & Slots as part of a management shuffle by Churchill Downs Inc.
Churchill Downs Inc. chief operating officer Bill Carstanjen took part in the TV show Undercover Boss. The episode, filmed at Arlington Park and Calder Race Course last year, will air March 14.
Churchill Downs will ask a state comission May 12 to cut seven race days from its 2009 spring meet; announces purse cuts.
Churchill Downs Inc. has announced several changes to its organizational structure that will include the recruitment of a new president for its signature racetrack.
TVG announced Feb. 15 that it has discontinued negotiations on extending its television and advance deposit wagering contract with Churchill Downs Inc.
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