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The Jockeys' Guild said March 7 it plans a legal response to a lawsuit filed by Churchill Downs Inc., but in the meantime the organization has accused CDI of "union-busting" and of attacking all jockeys, not just Guild members.
Tuesday, March 08, 2005Churchill Downs Inc. has cut off its voluntary financial contributions to the Jockeys' Guild and has sued the organization over what it believes were violations of federal and state law when jockeys opted not to ride last fall at Churchill Downs and Hoosier Park.
Friday, March 04, 2005Kentucky's racetracks have agreed to work to secure $1 million in on-track medical insurance coverage for jockeys.
Tuesday, February 15, 2005Tim Scott joined Churchill Downs Inc. Feb. 8 as the company's senior vice president of sales and marketing.
Wednesday, February 09, 2005The board of directors of The Race For Education, a national education scholarship foundation, has named Donald R. Richardson, senior vice president of racing for Churchill Downs Inc., as the organization's new president. Doug Cauthen, president of WinStar Farm and RFE's president since its inception in 2002, remains on the board.
Wednesday, February 02, 2005Churchill Downs Inc. has suspended its business relationship with wagering services named in an indictment over alleged illegal gambling and race-fixing, and also is tightening standards for all account wagering services that take signals from the company's racetracks.
Thursday, January 20, 2005Churchill Downs has appointed Stacey Meier to serve as the track's director of marketing. The native of Fort Wayne, Ind., most recently served as director of marketing for the Churchill Downs Simulcast Network, a post she had held since 2003.
Wednesday, January 12, 2005North America's two biggest racetrack companies have joined forces to offer their products as a package to several European countries.
Wednesday, December 22, 2004Fair Grounds Phone Bet and FGNetBet.com is accepting wagers on other tracks owned by Churchill Downs Inc.
Wednesday, November 24, 2004Churchill Downs Inc. is offering rare memorabilia of 2004 Kentucky Derby winner Smarty Jones in an eBay auction to benefit the Intrepid Fallen Heroes Fund. A ticket package to the 2005 Kentucky Derby and Oaks will also be offered in the auction, which is scheduled to begin on Nov. 26.
Wednesday, November 24, 2004Churchill Downs Inc. is offering rare memorabilia of 2004 Kentucky Derby winner Smarty Jones in an eBay auction to benefit the Intrepid Fallen Heroes Fund. A ticket package to the 2005 Kentucky Derby and Oaks will also be offered in the auction, which is scheduled to begin on Nov. 26.
Wednesday, November 24, 2004Churchill Downs Inc. has revised its financial statements to reflect reductions in pre-tax earnings for 2002 and 2003 of $2.2 million and $1 million, respectively, because of purse overpayments. The company also noted impairment charges of $6.2 million at Ellis Park because of "poor" live meet results this summer.
Thursday, November 18, 2004Churchill Downs Inc. was recently honored with the "Best in Show" award at the first annual ExactExcellence Awards, presented by ExactTarget, a developer of e-mail marketing software.
Friday, October 22, 2004Churchill Downs Inc. announced Thursday that Ben Huffman has been named director of racing and racing secretary for Fair Grounds Race Course in New Orleans, La.
Thursday, October 07, 2004Churchill Downs Inc. has named Randall Soth president and general manager of Fair Grounds in New Orleans. The announcement was made Sept. 30 by CDI's executive vice president and chief operating officer Andrew Skehan, to whom Soth will report.
Thursday, September 30, 2004The U.S. Bankruptcy Court, Eastern District of Louisiana, has approved Churchill Downs Incorporated's $47-million purchase of Fair Grounds, according to a release from Churchill Downs. CDI, the Fair Grounds Corporation, and Louisiana Horseman's Benevolent and Protective Association are expected to close the transaction on or before Oct. 15.
Friday, September 24, 2004Ellis Park is expected to return to a five-day live racing week next year on the heels of a 2004 meet that produced an increase in total handle but double-digit decreases in average daily handle and on-track business.
Wednesday, September 08, 2004Hoosier Park kicked off its 10th Thoroughbred meet over the Labor Day weekend with strong overall attendance but soft handle figures.
Tuesday, September 07, 2004Hoosier Park will celebrate 10 years of racing when it opens the evening of Sept. 2 for live Thoroughbred racing.
Thursday, September 02, 2004Churchill Downs has let go two marketing executives, according to a report in the Louisville Courier-Journal.
Friday, August 27, 2004Churchill Downs Inc. announced Monday that it has ceased negotiations to acquire the financially troubled Fair Grounds Corp. in New Orleans, La.
Thursday, August 26, 2004The nation's top three horse racing companies have teamed to study the current jockey scale of weights and make recommendations on potential national reforms to the Jockeys' Guild, horsemen's groups, racing associations and racing regulators.
Friday, August 13, 2004Andrew Skehan, who previously served as Churchill Downs Inc.'s chief marketing officer, has been named the company's chief operating officer. He will assume his new position immediately and report directly to CDI's president and chief executive officer Thomas Meeker.
Friday, August 13, 2004Through an agreement with the Kentucky Horsemen's Benevolent and Protective Association, Ellis Park has reinstated three stakes in had canceled in late July, though the purses for two have been reduced.
Thursday, August 05, 2004Hope that passage of slot machine legislation in Pennsylvania would result in a new Thoroughbred racetrack near Pittsburgh seems futile. Negotiators with knowledge of the bill signed into law July 5 by Gov. Ed Rendell said a stand-alone slots parlor in downtown Pittsburgh is much more likely.
Monday, July 12, 2004A United States bankruptcy judge issued a ruling July 8 that could facilitate auction of Fair Grounds on Aug. 16.
Friday, July 09, 2004Shares of Churchill Downs Inc. neared its 52-week high during early trading Tuesday morning, the second business day following CDI's acknowledgement of its interest in purchasing Fair Grounds.
Tuesday, June 29, 2004A bankruptcy auction for Fair Grounds has been tentatively set for Aug. 16, pending approval of an amended bankruptcy plan that was scheduled to be filed by the New Orleans, La., racetrack June 23.
Monday, June 21, 2004Arlington Park plans to build two new dormitories for backstretch workers at the track, president Cliff Goodrich announced Friday.
Friday, June 18, 2004Churchill Downs Inc. has received the 2004 Industry Award from the National Council on Problem Gamlbing. The award was presented June 18 at the Conference on the Prevention, Research, and Treattment of Problem Gambling in Phoenix, Ariz.
Friday, June 18, 2004Churchill Downs Inc. president Tom Meeker said June 17 the company is in an excellent position for future growth and, though CDI intends to do its part, industry factions must work together to support and build the necessary infrastructure.
Thursday, June 17, 2004An official for Churchill Downs Inc. told some 200 financial analysts and fund managers gathered for the inaugural INVESTKentucky conference in Louisville Thursday the racing industry as a whole is in a period of flat growth.
Friday, June 04, 2004Fair Grounds, after failing to reach an agreement with Churchill Downs Inc. on a sale of the track, filed in bankruptcy court Monday evening a Chapter 11 reorganization plan that would allow for an auction of the track through the court.
Tuesday, April 20, 2004Negotiations over the potential sale of Fair Grounds to Churchill Downs Inc. commenced Thursday afternoon but several issues remain unresolved, including whether current Fair Grounds president Bryan Krantz would maintain a position at the track.
Friday, April 16, 2004Fair Grounds has been granted an extension to Monday to file a Chapter 11 reorganization plan. The extension of Thursday's deadline was granted in order for Fair Grounds officials to have more time to negotiate a possible purchase of the track by Churchill Downs Inc.
Wednesday, April 14, 2004An agreement has been reached between Churchill Downs Inc. and the Louisiana Horsemen's Benevolent and Protective Association to purchase the horsemen's legal claims against Fair Grounds, and a letter of intent was filed with track officials to purchase Fair Grounds.
Tuesday, April 13, 2004Churchill Downs Inc. has apparently upped its interest in Fair Grounds. According to a local report, CDI offered $28.5 million to buy the New Orleans racetrack, though about $20 million of that would go to horsemen to settle a revenue dispute.
Thursday, March 04, 2004A Louisville legislator is prepared to file a bill to authorize a constitutional amendment on casino gambling in Kentucky under a scenario in which gaming wouldn't be limited to racetracks.
Thursday, February 26, 2004Churchill Downs Inc., which owns Hollywood Park in Inglewood Calif., is considering building a new racetrack in the Golden State at an abandoned Marine Corps air base about 45 miles south of Hollywood in Irvine.
Wednesday, February 25, 2004An ambitious strategic plan Churchill Downs Inc. hopes to accomplish in 2004, which president Tom Meeker said will "change the culture of our company," includes a major customer service initiative, increased branding of the company's assets, and possibly even a company-owned account-wagering platform.
Wednesday, February 11, 2004A total of $10,000 in prize money, including a first place prize of $6,000, will be up for grabs in Trackside Louisville OTB's Handicapping Challenge on Sunday.
Tuesday, February 10, 2004Robert Decker, previously executive vice president and chief financial officer for Churchill Downs Inc., has opened a Louisville, Ky., consulting practice that will provide advisory services to racetrack companies and racing support companies, as well as Kentucky-based firms in other industries.
Thursday, February 05, 2004Churchill Downs has launched the official 2004 Kentucky Derby Web site, www.kentuckyderby.com.
Friday, January 30, 2004Churchill Downs Inc. has been in negotiations with Louisiana horsemen to acquire $90 million in legal claims against Fair Grounds, which shows CDI could be interested in purchasing Fair Grounds, the New Orleans Times-Picayune reported Wednesday.
Wednesday, January 14, 2004Representatives of the Churchill Downs Simulcast Network and the Southern Racing Cooperative approved a new agreement Oct. 19 to allow the export of CDSN racing signals to SRC member racetracks. Terms were not disclosed.
Thursday, November 20, 2003Churchill Downs Inc. has teamed with Applied Optical Technologies to create a holographic authentication mark applicable to all officially licensed Churchill Downs and Kentucky Derby merchandise.
Tuesday, November 18, 2003Fewer racing dates and an unfavorable racing commission ruling led net revenue for Churchill Downs Inc. to drop by 6% during the third quarter of the year.
Wednesday, October 22, 2003Hoosier Park will kick off its ninth season of Thoroughbred racing Aug. 29 with a streamlined program: Because of the presence of second racetrack in Indiana, purses are down a substantial $80,000 to $90,000 a day from 2002.
Thursday, August 28, 2003Churchill Downs Inc. will look to develop products that suit its patrons under a new customer relationship management program expected to have "dramatic" results, CDI president Tom Meeker said June 19 during the company's annual shareholder meeting in Louisville, Ky.
Thursday, June 19, 2003Carl Pollard, the owner of Hermitage Farm and Churchill Downs board member since 1985, will replace William S. Farish as chairman of the Louisville, Ky., racing conglomerate. Also on Tuesday, Churchill reported record second quarter results.
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