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CDI Net Revenues Rise 16%

CDI Net Revenues Rise 16%

Churchill Downs Inc., boosted by its online and gaming business segments, reported double-digit increases in the second quarter this year compared to 2010 numbers.

Diversification Drives CDI's Success

Diversification Drives CDI's Success

Though there is no end in sight for the continued declines in North American racing, the newly elected chairman of Churchill Downs Inc. painted a positive picture for the Kentucky-based racetrack and gaming operator.

Market Competitor Doesn't Sit Well With CDI

Churchill Downs Inc. and Daily Racing Form are at odds over the publishing company's launch of an advance deposit wagering system powered by XpressBet.com, which is owned by CDI rival MI Developments.

Evans: Optimism, But Not Without Changes

Evans: Optimism, But Not Without Changes

Churchill Downs Inc. president and chief executive officer Bob Evans said Dec. 7 there are reasons to be optimistic about the future of horse racing -- but not without major changes in the way the industry does business.

MID Pays First Half Dues to NTRA

MI 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.

NTRA: Balanced Budget, Board Changes in Works

NTRA: Balanced Budget, Board Changes in Works

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.

CDI, Youbet.com Merger Date Extended

CDI, Youbet.com Merger Date Extended

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

Youbet.com Reports Small First-Quarter Loss

Youbet.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.

'Undercover' Churchill COO Gets TV Time

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.

CDI 'Well-Positioned' to Make Other Deals

CDI 'Well-Positioned' to Make Other Deals

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.

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