Churchill 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.
The 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.
Fair 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.
Churchill 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.
Ron 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.
Churchill 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.
Two Churchill Downs Inc.-owned racetracks - Churchill Downs and Fair Grounds - have named Ben Huffman and Sam Abbey as their respective racing secretaries.
Magna 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.
Kentucky racing in the summer months hasn't gotten much attention over the years, but that could change if Ron Geary has his way.
One day after being named chief executive officer and president of Churchill Downs Inc., Robert Evans told a group of assembled media he is ready to lead the Louisville, Ky.-based racetrack company into the future.
As the search for his successor continues, Churchill Downs Inc. president and chief executive officer Tom Meeker presided over his 22nd and final shareholders' meeting Thursday, painting a positive picture of the racetrack operating company's future while also accepting plaudits from fellow directors and company employees.
A handicapper who wins a Churchill Downs Inc. qualifying tournament and the 2007 Daily Racing Form/NTRA National Handicapping Championship will win a $1-million bonus.
Industry associations have joined the thousands of racing fans rallying around Barbaro, who was pulled up in the May 20 Preakness Stakes (gr. I) and underwent surgery on his right hind leg the following day.
Churchill Downs Inc. has restructured some of the company's corporate staff, resulting in the elimination of several positions and consolidation of the corporate and racetrack communications and marketing departments.
Churchill Downs Inc. officials are encouraged by a rebound of their Louisiana operations in the wake of Hurricane Katrina, but it appears slot machines at Fair Grounds won't be operating until mid-2008 at the earliest.
New York City came to Louisville, Ky.--and vice versa--the morning of May 2 when the opening bell of the NASDAQ stock exchange rang from a fourth-floor porch at Churchill Downs to celebrate Derby week.
The Louisiana State Racing Commission unanimously approved Fair Grounds' application to host an 81-day meet in 2006-07.
The Thoroughbred Racing Associations' members announced April 24 pledges of more than $250,000 in early commitment funds to aid the nation's permanently disabled jockeys.
Fair Grounds has applied to the Louisiana State Racing Commission to host an 81-day meet in 2006-2007 at its facility in New Orleans, president and general manager Randy Soth said April 14.
Churchill Downs Inc., Magna Entertainment Corp., and Racing UK announced April 7 that the three organizations have reached agreement to partner in a subscription television channel that will broadcast races from CDI and MEC racetracks, as well as other North American and international racetracks, into the United Kingdom and Ireland.
Expansion of account wagering and improvements to existing platforms are a chief objective of Churchill Downs Inc., whose chief executive officer, Tom Meeker, indicated change is needed to generate more industry revenue and maintain or expand the customer base.
Legislation to be considered by the Indiana Senate would mandate that incoming simulcasts be made available to all wagering outlets in the state or not be available at all. The bill was reported out of the Senate Committee on Homeland Security, Utilities, and Public Policy Jan. 24.
Though repairs to damage from a Nov. 6 tornado won't be completed by summer, Ellis Park in western Kentucky will conduct its 36-day meet in 2006, parent company Churchill Downs Inc. announced Dec. 28.
Churchill Downs Inc. announced Dec. 12 that Clifford C. Goodrich would leave his position as president of Arlington Park, the company's racetrack in Arlington Heights, Ill., in order to pursue other professional and personal interests.
homas H. Meeker, president and chief executive officer of Churchill Downs Inc., has been named "Business Leader of the Year" for a large business by the Louisville, Ky.-based Business First publication in its inaugural "Business of the Year" Awards.
Racetrack officials met with the new leadership of the Jockeys' Guild Dec. 1 to discuss "issues of mutual concern," according to a Guild release.
Fans of Churchill Downs can now obtain information about the home of the Kentucky Derby (gr. I), its special events, and racing program by downloading podcasts containing that information from the Internet and then listening to those audio files when and where they choose.
Insurance adjusters were at Ellis Park Nov. 7 assessing the damage wrought by a tornado that struck the western Kentucky racetrack early in the morning the previous day.
Churchill Downs Inc. reported net earnings of $71.6 million for the third quarter of 2005, up from a loss of $3.8 million for the same period last year, thanks to the sale of Hollywood Park in Southern California.
Restoration of power is the key to whether Calder Race Course can resume simulcast operations in time for the Oct. 29 Breeders' Cup World Thoroughbred Championships at Belmont Park, and the South Florida racetrack's live racing schedule remains up in the air in the aftermath of Hurricane Wilma, which damaged a number of barns in the stable area.
Paul Kuerzi, who has served as vice president and general manager of Ellis Park since 1999, has announced plans to leave the Henderson, Ky., track at the end of the year.
The three major racetrack operators -- Churchill Downs Inc., Magna Entertainment Corp., and the New York Racing Association -- have confirmed along with other racing associations and horsemen's groups the renewal of their membership in the National Thoroughbred Racing Association.
Churchill Downs Incorporated and Bay Meadows Land Company announced completion of the sale of Hollywood Park racetrack and surrounding acreage at the Inglewood, Calif., site Sept. 23 for $257.5 million.
Churchill Downs Inc. and Bay Meadows Land Company completed the sale of Hollywood Park racetrack and surrounding acreage at the Inglewood, Calif., site to Hollywood Park Land Company, an affiliate of BMLC, for $257.5 million. CDI will use the proceeds of the sale to pay down debt.
With 2006 a little more than three months away, the National Thoroughbred Racing Association continues to push for membership renewals and seek new members in advance of its annual meeting, scheduled for Oct. 10-12 in Lexington.
Churchill Downs Inc. Tuesday announced the company had reached a preliminary arrangement with the leadership of the Louisiana Horsemen's Benevolent and Protective Association ("LAHBPA") on details for a shortened Fair Grounds race meet from Nov. 19, 2005, to Jan. 22, 2006, for a total of 37 race dates.
Churchill Downs Inc. is now in contact with more than 70% of its 500 Louisiana employees who scattered to areas around the country in the evacuation of New Orleans prior to Hurricane Katrina's arrival.
Churchill Downs Inc. is eliminating 18 positions at Hollywood Park, including four department heads, in anticipation of completing the Inglewood, Calif., racetrack's sale to Bay Meadows Land Co. The sale is scheduled to close Sept. 23.
The Kentucky Horsemen's Benevolent and Protective Association has taken issue with an Ellis Park purse reduction that has put the minimum purse to near $5,000 for the first time in recent memory at any Thoroughbred racetrack in Kentucky.
Wet weather didn't keep fans from coming out on opening day at Ellis Park Wednesday to begin the track's 82nd meet. An attendance mark under its current owner was established.
Saying that California "has forsaken racing and its needs," the president of Churchill Downs Inc. announced July 6 that the company has sold historic Hollywood Park to Bay Meadows Land Company for $260 million.
Officials maintained a taut no-comment stance on reports that Churchill Downs Inc. is close to a deal with the owner of Bay Meadows for the sale of Hollywood Park, but a spokesman for California's major trainers' organization expressed comfort in the news.
Churchill Downs the company hopes to reap the rewards of what president Tom Meeker calls a "culture change," and it also plans to utilize its resources to deal with three lingering industry problems: the tote system, offshore wagering, and short fields.
Former General Electric executive William Carstanjen has been hired as the new general counsel and chief development officer for Churchill Downs Inc.
A June 6 meeting of horsemen's associations from around the country produced constructive dialogue and could lead to a regular exchange of information, officials said.
Horsemen's associations based at Churchill Downs Inc.-owned racetracks will meet June 6 to address common concerns related to CDI and the pari-mutuel industry at large, officials said.
Churchill Downs Incorporated was honored as a special award recipient by the Nokia Sugar Bowl at its yearly awards ceremony Wednesday night in the Louisiana Superdome.
Reconstruction of the pari-mutuel industry's tote infrastructure is ready to begin, but the project may not be completed for two to three years, Churchill Downs Inc. president Tom Meeker said.
Churchill Downs Inc. posted revenue gains for the opening quarter of 2005 thanks to the addition of 61 racing dates at the newly acquired Fair Grounds, but higher corporate expenses resulted in a net loss of $13.9 million, the company reported May 10.
Churchill Downs Inc. president and CEO Tom Meeker will ring the NASDAQ stock market opening bell Friday to celebrate the 131st running of the Kentucky Derby (gr. I) May 7.
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