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Churchill Downs Inc. reported net earnings of $3.7 million for the third quarter of 2010, up considerably from a net loss of $1.2 million for the same period in 2009.
Thursday, November 04, 2010
Churchill Downs Inc. will terminate about 60 employees because of what it calls "redundancies" in its online betting operations.
Tuesday, October 05, 2010
Churchill Downs Inc. president and chief executive officer Robert Evans will give the keynote address at the 2010 University of Arizona Symposium on Racing & Gaming.
Monday, September 27, 2010MI Developments, among the largest dues-paying members of the National Thoroughbred Racing Association, committed to the organization for the first half of 2010 and will discuss its future involvement.
Sunday, August 22, 2010
The countdown to July 1 and long-awaited new Florida rules on slot machines and poker has ended for Calder Casino & Race Course and for Gulfstream Park.
Thursday, July 01, 2010
The ability of Churchill Downs Inc. to expand into online wagering, casino-type gaming, and entertainment offerings at its four racetracks has enabled the company to continue to grow.
Thursday, June 17, 2010
The National Thoroughbred Racing Association is moving on in the wake of the defection of Churchill Downs Inc. for at least this year.
Friday, June 04, 2010
Operating revenue for the National Thoroughbred Racing Association was down 45.2% in 2009 from 2008, but expenses were down 47.5% year-to-year, leading the organization to suggest it should have a balanced budget for 2010.
Tuesday, May 25, 2010
Churchill Downs Inc. and MI Developments said May 14 they will dissolve TrackNet Media Group, a company formed to address signal pricing and distribution.
Friday, May 14, 2010
CDI and Youbet.com extend the outside date for termination of their merger agreement, though merger still expected to close in second quarter of 2010
Tuesday, May 11, 2010The defection of Churchill Downs Inc. from the National Thoroughbred Racing Association won't impact Churchill Downs' hosting of this year's Breeders' Cup World Championships.
Monday, May 10, 2010
Churchill Downs Inc., operator of four major racetracks in the United States, has informed the National Thoroughbred Racing Association via letter it won't renew its membership for 2010.
Friday, May 07, 2010Youbet.com reported a small loss for the first three months of 2010, noting there would have been a similar gain if not for $1 million in expenses tied to its impending merger with Churchill Downs Inc.
Friday, May 07, 2010
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.
Thursday, May 06, 2010
Churchill Downs Inc. reported that revenue from the newly opened Calder Casino and revenue growth at TwinSpires.com boosted net revenues from continuing operations to a record total of $75.1 million for 2010's first quarter.
Wednesday, May 05, 2010A lawsuit between Churchill Downs Inc. and a horsemen's group and some individuals over alleged antitrust violations has been settled between the parties.
Tuesday, April 27, 2010
Youbet.com shareholders voted to approve a merger agreement with Churchill Downs Inc., the company announced April 6.
Wednesday, April 07, 2010Churchill 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.
Wednesday, March 10, 2010
During the first full month of operation, slot machines at Calder Casino & Race Course placed third in pre-tax revenue among the five pari-mutuel casinos in southeast Florida.
Tuesday, March 09, 2010
Churchill Downs Inc. reported a decline in net income for 2009, as well as a fourth-quarter loss for the year.
Tuesday, March 02, 2010
Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.
Friday, November 13, 2009
TVG has reached an agreement with TrackNet Media Group that allows it to offer wagering on racing from Churchill Downs and Fair Grounds Race Course & Slots.
Sunday, November 01, 2009The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.
Friday, October 30, 2009Fair Grounds Race Course & Slots will offer high definition (HD) simulcasts of all of its races when the New Orleans track opens its 2009-10 Thoroughbred meet Nov. 6.
Monday, October 26, 2009
Churchill Downs and Kentucky horsemen have reached a three-year agreement that sets purse payments, establishes purse supplements and ends a legal dispute that began in the spring of 2008.
Saturday, October 24, 2009
Based on a review of its experimental three night racing cards during the spring meet, Churchill Downs Inc. announced Sept. 28 it will install permanent lights at its flagship racetrack in Louisville.
Monday, September 28, 2009Elizabeth Harris, executive director of Thoroughbred Charities of America since 2004, has been named vice president of communications for Churchill Downs Inc. Harris will assume her new role Aug. 20.
Tuesday, August 04, 2009
While Churchill Downs Incorporated will continue to focus on racing as its primary business, its ability to expand into more profitable ventures such as alternative gaming and concerts will be key to future growth.
Thursday, June 18, 2009
The meet at Fair Grounds Race Course & Slots got a little bit longer calendar-wise in 2008-09, and it will get even longer in 2009-10.
Monday, April 27, 2009
Churchill Downs Inc. has announced several changes to its organizational structure that will include the recruitment of a new president for its signature racetrack.
Tuesday, January 20, 2009Churchill Downs Inc. is reviewing its membership in the National Thoroughbred Racing Association, racing industry officials said Dec. 9.
Tuesday, December 09, 2008
Churchill Downs, for the second time, has cut purses for its fall meet. Among the casualties is the grade II Clark Handicap scheduled for Nov. 28.
Saturday, November 08, 2008
Churchill Downs Inc., has implemented a new horseshoe policy at its four racetracks that bans the use of toe grabs greater than two millimeters. The new policy is effective immediately.
Tuesday, October 14, 2008
Churchill Downs Inc. and the Florida Thoroughbred Breeders and Owners Association announced Sept. 10 that they have reached an agreement on a contract for future slot machine revenue at CDI-owned Calder Race Course.
Wednesday, September 10, 2008Churchill Downs Inc. and the Florida Thoroughbred Breeders and Owners Association announced on Sept. 10 that they have reached an agreement on a contract for future slot machine revenue at CDI-owned Calder Race Course.
Wednesday, September 10, 2008
Blaming a decline in purse money earned earned from wagering sources during its 2008 spring meet, Churchill Downs Racetrack has slashed its stakes program for the upcoming fall meet by $975,000 through purse reductions in 11 stakes races and the elimination of two others.
Friday, August 29, 2008
Magna Entertainment Corp., in a statement issued the evening of Aug. 28, acknowledged it is having discussions with the Thoroughbred Horsemen's Group on what company chairman Frank Stronach called "a new framework" for pari-mutuel economics.
Friday, August 29, 2008
Churchill Downs Inc. announced Aug. 14 that Randall Soth, who since September 2004 has served as president of Fair Grounds Race Course & Slots in New Orleans, is leaving CDI to pursue other career interests.
Thursday, August 14, 2008
Churchill Downs Inc. has appointed Ted Nicholson to oversee operations at Calder Race Course on an interim basis, one day after CDI implemented a company-wide personnel overhaul.
Friday, July 18, 2008
The Florida Horsemen's Benevolent and Protective Association issued a statement July 8 thanking Calder horsemen who "took the full brunt" of purse cuts during a 2 1/2-month dispute with track owner Churchill Downs Inc.
Tuesday, July 08, 2008Calder Race Course posted entries July 7 for its July 12 Summit of Speed, a card with a quartet of six-furlong graded stakes that has become the highlight of the year at the South Florida track.
Tuesday, July 08, 2008Churchill Downs Inc. announced July 7 that it has signed contracts with the Florida Horsemen's Benevolent and Protective Association on 2008 purses and on potential future slot machine revenue at CDI-owned Calder Race Course.
Monday, July 07, 2008
With two weeks left before Calder Race Course's July 12 Summit of Speed, Churchill Downs Inc. and the Florida Horsemen's Benevolent and Protective Association remain deadlocked in contract talks for the Miami Gardens, Fla., track.
Thursday, June 26, 2008
Seth W. Hancock has resigned from the Churchill Downs Inc. board of directors, the company announced June 24.
Tuesday, June 24, 2008
A leading executive of Churchill Downs Inc. told a gathering of shareholders June 19 that he didn't know when a nasty revenue-sharing dispute with horsemen would be resolved, but promised the company would do its part in reaching a satisfactory conclusion for all.
Thursday, June 19, 2008The Florida Horsemen's Benevolent and Protective Association's general counsel said June 10 his organization could sign agreements "in the very near future" on 2008 purses and future slot-machine revenue at Calder Race Course.
Tuesday, June 10, 2008
Churchill Downs will begin testing a new wagering format with on-track customers June 11 that allows patrons to bundle win, exacta, and trifecta plays at a lower price per bet.
Tuesday, June 10, 2008
The Florida Horsemen's Benevolent and Protective Association and Churchill Downs Inc. are planning to meet June 9 to discuss contracts for CDI-owned Calder Race Course, where the financial impacts of a dispute are worsening each week.
Friday, June 06, 2008
Eight Belles, who finished second in the Kentucky Derby Presented by Yum! Brands (gr. I) but suffered a catastrophic injury moments after the race, will be honored by Churchill Downs Inc. through a series of charitable contributions and initiatives, including the interment of her remains at the Kentucky Derby Museum.
Tuesday, June 03, 2008
In a flurry of responses filed recently in federal court, Kentucky horsemen claim Churchill Downs Inc. owes purse funds upwards to $3 million in unpaid fees from wagering revenues, and have asked a judge to force the racetrack company to pay out funds lost from a 20% purse cut.
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