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Churchill Downs Inc. said May 15 it reached an agreement with Maryland horsemen that will permit Calder Race Course to take Pimlico Race Course's signal May 16-17, including the Preakness Stakes (gr. I).
Thursday, May 15, 2008
Calder Race Course on May 9 announced it will cut purses for eight upcoming stakes, including six on its July 12 Summit of Speed card.
Friday, May 09, 2008
Calder Race Course announced May 9 that it will cut purses for eight upcoming stakes races, including the July 12 Summit of Speed card, blaming a continuing dispute with the Florida horsemen's association.
Friday, May 09, 2008
A Churchill Downs Inc. official said May 7 purses at Churchill Downs in Louisville, Ky., could be cut the week of May 11, while Calder Race Course in South Florida could face another reduction in purses.
Wednesday, May 07, 2008Churchill Downs Inc. posted net earnings of about $800,000 in the first quarter of 2008, compared with a net loss of $8.4 million for the same period a year ago, the company announced May 6.
Wednesday, May 07, 2008
Churchill Downs Inc. has invested $100 million in advance deposit wagering for a reason: The company believes it's the major growth channel for pari-mutuel wagering, as well as a means to drive traffic to the racetrack, CDI president and chief executive officer Bob Evans said.
Tuesday, April 29, 2008
Florida horsemen and officials at Calder Race Course and parent company Churchill Downs Inc. met April 14 but did not agree on contracts for the Calder meet that begins April 21.
Tuesday, April 15, 2008
International has been named the official truck of Churchill Downs and the Kentucky Derby, officials said April 8. Churchill Downs Inc. and Navistar International Corp. have agreed to a two-year deal.
Wednesday, April 09, 2008
C. Kenneth Dunn, who since April 1999 has served as senior vice president of Florida operations for Churchill Downs Inc. and has spent 18 years at Calder Race Course, is stepping down, the company announced April 9. Dunn will continue to serve as an adviser for Calder through Aug. 1.
Wednesday, April 09, 2008
Churchill Downs Inc. has asked a federal bankruptcy court to ensure funds its member tracks contribute to the Jockeys' Guild be used for their intended purposes and not for other needs the financially-troubled organization may choose.
Friday, January 18, 2008As California continues to wrestle with improving advance deposit wagering, the state welcomed a new provider. TwinSpires.com was awarded an ADW license Oct. 18, making it the fourth company to offer home computer betting on horse racing in the state.
Thursday, October 18, 2007A consortium of major horse industry companies vying for the Thoroughbred franchise in New York began falling apart Oct. 10, as Magna Entertainment Corp., Churchill Downs Inc., and Delaware North announced their withdrawal from Empire Racing Associates.
Wednesday, October 10, 2007Churchill Downs Inc. has appointed William "Bill" Mudd to serve as executive vice president and chief financial officer, the Louisville-based racing company announced Oct. 4. Mudd succeeds Mike Miller, who left his role as executive vice president and CFO in January to pursue other business interests.
Thursday, October 04, 2007Fair Grounds in New Orleans, La., will open a temporary slot-machine facility Sept. 21, track president Randall Soth announced Sept. 7.
Friday, September 07, 2007The Indiana Horse Racing Commission's ban on the import of signals from Arlington Park and Calder Race Course turned out to be short-lived.
Friday, August 24, 2007The Indiana Horse Racing Commission voted unanimously Aug. 21 to ban the import of signals from Arlington Park and Calder Race Course at all wagering outlets in the state.
Wednesday, August 22, 2007It appears the simulcast signals from Arlington Park and Calder Race Course could be pulled from other Indiana wagering outlets, this time at the urging of the Indiana Horse Racing Commission.
Monday, August 20, 2007Indiana Downs is weighing its options in the wake of a decision by Churchill Downs Inc. to pull its racing signals from an Indiana Downs-owned off-track wagering parlor.
Thursday, August 16, 2007Churchill Downs Inc. reported net earnings of $29.3 million in the second quarter, a decrease of 12% compared with net earnings of $33.4 million over the same period last year. Those figures break down to $2.11 per share and $2.46 per share, respectively.
Wednesday, August 08, 2007Churchill Downs reported an increase in net revenues and a decrease in net earnings from continuing operations at the close of the second quarter June 30.
Tuesday, August 07, 2007Fair Grounds Race Course, in conjunction with the New Orleans Council on Aging, Lowe's and the City of New Orleans, announced the launch of a program to assist local senior citizens in rebuilding their homes July 18.
Wednesday, July 18, 2007Churchill Downs Inc. has acquired certain assets of AmericaTAB, Bloodstock Research Information Services, and the Thoroughbred Sports Network, but officials with the Louisville, Ky.-based company said it will be business as usual at the outset.
Tuesday, June 12, 2007Kentucky racetracks and horsemen's groups will have to hammer out a new agreement on source-market fees now that Churchill Downs Inc. no longer has an exclusive agreement with account wagering provider TVG.
Monday, May 28, 2007The financial results of the two biggest racing days for Churchill Downs Inc. show the company's new revenue model for account wagering can be successful, a company official said.
Tuesday, May 15, 2007Empire Racing Associates has released the names of a team of racing-operations professionals, many from Churchill Downs Inc. and Magna Entertainment Corp., that will lead its racing transition team should Empire Racing be awarded the New York Thoroughbred racing franchise.
Friday, May 11, 2007Louisiana operations helped Churchill Downs Inc. narrow its first-quarter loss, the company reported May 8.
Wednesday, May 09, 2007Youbet.com won't be offering Derby wagering this year, but its customers will have a shot at $1 million in a contest tied to the two marquee races at Churchill Downs this Friday and Saturday.
Wednesday, May 02, 2007A new advance deposit wagering service, TwinSpires, is prepared to launch on May 2, accepting wagers on the 2007 spring meet at Churchill Downs racetrack in time for the 133rd renewals of the Kentucky Derby Presented by Yum! Brands (gr. I) on May 5 and the Kentucky Oaks (gr. I) a day earlier, Churchill Downs Inc., announced.
Tuesday, May 01, 2007TVG has a new distribution agreement with DIRECTV that will make the network available to an additional eight million subscribers of the satellite service.
Tuesday, May 01, 2007Churchill Downs' new account wagering service, TwinSpires, will not be open for business in time for the opening of the 2007 spring meet on Saturday, Churchill Downs Inc. announced April 27.
Friday, April 27, 2007A decision by the AmericaTAB account wagering consortium to join TrackNet Media Group is a sign of support for efforts by Churchill Downs Inc. and Magna Entertainment Corp. to end exclusive contracts, an official said.
Friday, April 20, 2007TrackNet Media Group will be a content provider for AmericaTAB under an agreement announced April 18.
Thursday, April 19, 2007An application by twinspires.com, the new Churchill Downs Inc.-owned account wagering service, was approved by the Virginia Racing Commission.
Wednesday, April 18, 2007Though questions persist about TrackNet Media Group, the entity formed by Churchill Downs Inc. and Magna Entertainment Corp. to buy and sell simulcast signals, it has generated an initial positive response from one of the country's major horsemen's groups.
Tuesday, April 17, 2007Churchill Downs Inc. has received approval to operate an account wagering hub in Oregon and plans to have its new betting service, twinspires.com, operational before the spring meet begins at Churchill Downs April 28.
Friday, March 30, 2007HRTV will be broadcast on Racing World in Great Britain and Ireland five days a week beginning March 28.
Wednesday, March 28, 2007Tom Aronson, one of the architects of the TVG racing network business plan in the late 1990s, has been hired as vice president of Churchill Downs Inc. to focus on development and innovation of the product.
Monday, March 12, 2007Account wagering provider Youbet.com said it applauds the partnership between Churchill Downs Inc. and Magna Entertainment Corp. because it should assist in wagering growth.
Tuesday, March 06, 2007By Ray Paulick -- One of the interesting things about Thoroughbred racing is the penchant so many people have of knocking something into oblivion, and later complaining about the fact it's gone. Take TVG, for example.
Wednesday, February 28, 2007TVG announced Feb. 15 that it has discontinued negotiations on extending its television and advance deposit wagering contract with Churchill Downs Inc.
Thursday, February 15, 2007Churchill Downs Inc., under the leadership of chief executive officer Bob Evans, is forming a team that will address technology-related issues for the racetrack company.
Wednesday, November 08, 2006Churchill Downs Inc. reported Tuesday that earnings tumbled in the third quarter, as the year-ago period benefited from a hefty gain on the sale of assets.
Wednesday, November 08, 2006The new chief executive officer of Churchill Downs Inc. believes horse racing has an opportunity to move to another level if the industry embraces a new way of thinking.
Friday, November 03, 2006Fair Grounds Race Course reopens for training Thursday for the first time since the New Orleans track was devastated during Hurricane Katrina and its aftermath 14 months ago.
Wednesday, November 01, 2006Churchill Downs will accept entries for races during its upcoming Oct. 29-Nov. 25 Fall Meet and subsequent race meets three days in advance of those races.
Wednesday, October 18, 2006Ron Geary, who is expected to close on his purchase of Ellis Park in late September, will discuss his vision for the western Kentucky racetrack at an Oct. 2 meeting of the Louisville Thoroughbred Club.
Tuesday, September 19, 2006Churchill Downs Inc. exercised its contractual rights in regard to an account wagering dispute in Illinois by revoking permission for TVG sub-licensees to take bets on the Arlington Park signal, a company official said a day after the Arlington meet ended. Meanwhile, it remains unclear whether the Hawthorne Race Course signal would be available through TVG or other account wagering outlets.
Wednesday, September 13, 2006Two Churchill Downs Inc.-owned racetracks - Churchill Downs and Fair Grounds - have named Ben Huffman and Sam Abbey as their respective racing secretaries.
Thursday, September 07, 2006Magna Entertainment Corp. chairman Frank Stronach indicated his company hopes to be involved in New York racing on some level, and that it also is working with Churchill Downs Inc. on projects that will benefit the two companies and the industry at large.
Thursday, August 03, 2006Kentucky racing in the summer months hasn't gotten much attention over the years, but that could change if Ron Geary has his way.
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