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Allred Pulls Out of Los Alamitos Plan

Ed Allred, the owner of Los Alamitos Race Course, has reportedly backed out of a plan that could have brought Thoroughbred racing to his Quarter Horse facility in the event Hollywood Park were to be sold to development interests.

Guild Agrees to Not Boycott Churchill Tracks

Officials of Churchill Downs Inc. announced Wednesday the company has withdrawn its motion for a preliminary injunction against the Jockeys' Guild after the two parties agreed to an order that member jockeys would not boycott races at CDI-owned tracks.

Planning Board Postpones Fair Grounds Vote

The New Orleans Planning Commission has postponed for a month a decision on a proposal by Churchill Downs Inc. to install up to 700 slot machines at Fair Grounds.

Guild Files Counterclaim Over CDI Lawsuit

The Jockeys' Guild, in an answer and counterclaim filed March 24 in United States District Court for the western district of Kentucky, charges Churchill Downs Inc. used "exploitative tactics" in dealing with jockeys at company-owned Churchill Downs and Hoosier Park.

Los Alamitos Offers Option to Hollywood Park

Los Alamitos Offers Option to Hollywood Park

With the future of Hollywood Park in doubt, prominent Thoroughbred owner Mike Pegram and Los Alamitos Race Course owner Dr. Edward C. Allred unveiled a $40 million plan March 17 to expand and upgrade the Quarter Horse facility in order to fill an expected void in the Southern California market.

CDI: No Hollywood Comment Pending Deliberations

Churchill Downs Inc. officials discussed the company's financial picture, alternative gaming initiatives, and the industry's tote system during a March 17 teleconference but shed little light on their intentions for Hollywood Park, the Southern California racetrack that is the subject of sale rumors.

Guild: Churchill Lawsuit an 'Attack on All Jockeys'

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.

Churchill Sues Guild, Cuts Off Contributions

Churchill Sues Guild, Cuts Off Contributions

Churchill 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.

Richardson Named Race for Education President

The 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.

CDI Cuts Off Betting Services, Tightens Standards

Churchill 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.

Churchill Names New Director of Marketing

Churchill 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.

Smarty Jones Derby Items to Benefit War Fund

Churchill 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.

Smarty Jones Derby Items to Benefit War Fund

Churchill 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.

Churchill Downs Inc. Makes Financial Adjustments

Churchill 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.

Bankruptcy Court Approves Churchill Downs Purchase of Fair Grounds

The 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.

Ellis Park: Five-Day Week, Commitment from CDI

Ellis 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.

Top U.S. Racing Companies to Study Jockey Scale of Weights

The 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.

Skehan Named Churchill Downs Inc.'s COO

Andrew 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.

Hope for New Thoroughbred Track Seems Dim

Hope for New Thoroughbred Track Seems Dim

Hope 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.

CDI Receives Award for Responsible Wagering Program

Churchill 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.

CDI Official Says Racing Industry Not Growing

An 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.

Fair Grounds Plan Calls for Track to be Auctioned

Fair 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.

CDI, Fair Grounds Begin Negotiating Potential Sale

Negotiations 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.

Fair Grounds Gets Extension for Reorganization Plan

Fair 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.

Churchill Downs Inc. Appears Poised to Purchase Fair Grounds

Churchill Downs Inc. Appears Poised to Purchase Fair Grounds

An 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.

Churchill Offers $28.5 Million for Fair Grounds

Churchill Offers $28.5 Million for Fair Grounds

Churchill 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.

Report: Churchill Considering New Track in California

Churchill 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.

CDI Outlines Aggressive Plan for '04

An 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.

Former CDI Financial Chief Decker Now Consultant

Robert 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.

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