Continued growth in the week leading up to the Kentucky Derby Presented by Yum! Brands (gr. I) fueled an increase in earnings for the racing segment of Churchill Downs Inc. in the second quarter of 2016.
Casino at Ocean Downs, a harness track on the Eastern Shore of Maryland, is in the process of being purchased by Churchill Downs Inc. and Saratoga Casino Holdings from Delaware Park owner William Rickman.
A computer glitch linked to United Tote resulted in more than $100,000 in bogus wagers pouring into a daily double pool in late April at Plainridge Park, a Massachusetts Standardbred track.
The Illinois Thoroughbred Horsemen's Association and Arlington International Racecourse April 29 signed a two-year contract that ensures Arlington's race meet will begin as scheduled May 6.
In advance of what it anticipates will be another successful Kentucky Derby (gr. I) week, Churchill Downs Inc. April 28 reported net income of $2.8 million for the first quarter of 2016.
With the Kentucky Derby Presented by Yum! Brands (gr. I) fast approaching, New York's off-track betting corporations and Churchill Downs Inc. have resumed negotiations to end a bitter dispute over simulcast fees.
The diversification of racetrack and gaming company Churchill Downs Inc. not only has improved the company's bottom line, it also has provided some expertise from one segment to another.
Churchill Downs Inc. has reported record net revenues and record adjusted earnings for 2015, and its racing-related operations contributed to the record year.
Fair Grounds Race Course & Slots has announced a partnership with TwinSpires.com that includes naming TwinSpires.com the official presenting partner of Louisiana Derby Day on March 26, 2016.
Total pari-mutuel handle during the 21-day Churchill Downs fall meet was $104,626,990, up 9.9% from $95,225,065 for a 24-day fall meet in 2014. Average daily handle jumped 25.6% to $4,982,238 from $3,967,711 in 2014.
Churchill Downs Inc. reported a 19% increase in net earnings for the third quarter of 2015 compared with the same three months last year, and attributed a 61% spike in net revenue for the quarter to Big Fish Games.
Churchill Downs Incorporated has announced the appointment of Marcia A. Dall to serve as the company's executive vice president and chief financial officer.
New York's five off-track betting corporations said they have cut ties with Churchill Downs Inc. and won't offer signals from tracks owned by the company or tracks that contract with CDI to sell their simulcast signals.
A day after Churchill Downs (CHDN) reported record second-quarter earnings, the company's stock price soared July 30 on the NASDAQ, setting a record high and closing up 5.55%.
Record adjusted earnings for Kentucky Derby week, up more than $6 million compared with last year, helped Churchill Downs Inc. register record adjusted second-quarter earnings of $157.2 million.
United Tote announced July 28 it has signed renewals to provide pari-mutuel wagering technology services to Keeneland and The Red Mile.
Calder Casino & Race Course is said to be planning to demolish its seven-story grandstand/clubhouse building beginning in December after a two-month meet operated by Gulfstream Park.
Churchill Downs Inc. announced July 14 that Robert L. Evans will retire as executive chairman of the company and as a member of management effective Sept. 30.
The Illinois Thoroughbred Horsemen's Association is at odds with Churchill Downs Inc. over the company's plans to reduce the number of races it offers at Arlington International Racecourse.
Given record wagering during the opening week of its spring meet, Churchill Downs June 9 announced a 10% hike in overnight purses for the remaining 11 programs of the meeting.
Churchill Downs Inc. has filed suit against Daily Racing Form, alleging the company's DRF Bets wagering service violated the Interstate Horseracing Act when it took bets on this year's Kentucky Derby and Oaks.
All-sources pari-mutuel handle on the 13-race Kentucky Derby Presented by Yum! Brands (gr. I) program May 2 totaled a record $194.3 million, up 4% from $186.6 million in 2014, Churchill Downs Inc. said.
After a record-breaking first quarter for Churchill Downs Inc., company officials expect more good news as one executive predicts record revenues from Kentucky Derby Presented by Yum! Brands (gr. I) week.
Danny Parkerson, a former Churchill Downs Racetrack general manager and Churchill Downs Inc. senior vice president, died March 13 following an illness. He was 72.
Fair Grounds Race Course & Slots has announced a 10% increase in overnight purses, effective March 7, for the remainder of its 143rd Thoroughbred racing season that concludes March 29.
- By Blood-Horse Staff
- Thoroughbred Racing, Triple Crown, Midwest Region, Southeast Region, Southwest Region, Kentucky
Churchill Downs Inc. officials said Thursday, Feb. 26, they aim to build on last year's highly profitable Kentucky Derby week but acknowledged they see little opportunity for racing growth outside of that week.
Crediting its racing, casino, and online businesses, Churchill Downs Inc. enjoyed record revenues in 2014, while also finishing the year with record revenues in the fourth quarter.
Richard Duchossois, chairman and CEO of Arlington International Racecourse, was honored by his alma mater, Washington and Lee University, Feb. 6 in Lexington, Va.
Calder and Churchill Downs Inc. still have not applied for any of the permits required to tear down barns and put up new structures, the head of the development department for the city of Miami Gardens said.
Churchill Downs Inc. announced Jan. 16 that Mike Ziegler has been named to its new post of executive director of racing. Ziegler will assume his position Jan. 26 and will report directly to CDI president Bill Mudd.
Gulfstream Park plans to build an additional 200 temporary stalls for horses that are facing eviction from the stables at neighboring Calder Casino & Race Course, officials of the Florida HBPA said.
A group of trainers with horses on the backstretch at Calder Casino & Race Course were told Jan. 2 they have to relocate their stock.
Calder Casino & Race Course reportedly is considering an extension of its Jan. 1 eviction deadline for the approximately 300 horses that remain stabled in a recently fenced-in area of its barn area.
As many in the Thoroughbred industry are aware, there is an ongoing dispute regarding stabling at the track formerly known as Calder Race Course, now operating as Gulfstream Park West.
Gulfstream Park is beginning a large and quick project to build stalls with the goal of resolving a potential "homeless horses" crisis in South Florida.
Churchill Downs Inc. has completed the previously announced acquisition of Big Fish Games (Big Fish), one of the world's largest producers and distributors of mobile and online games.
Former Calder Casino & Race Course racing secretary Mike Anifantis will join Hialeah Park next month as assistant racing secretary for its upcoming Quarter Horse meet.
Churchill Downs Inc. and Big Fish Games, one of the largest producers and distributors of mobile and online games, said Nov. 12 they have entered into a merger agreement under which CDI will acquire all of Big Fish's stock.
If this fall's Gulfstream Park West meet was an election, Gulfstream Park and its parent, The Stronach Group, might already be able to declare victory.
Churchill Downs Inc. reported Oct. 29 record adjusted earnings for the third quarter for the racetrack and casino owner. Third quarter adjusted earnings (EBITDA) reached $32.2 million, up 1% from last year's third quarter.
Churchill Downs Inc. announced Oct. 28 it had signed a purchase agreement to acquire 25% interest in Saratoga Casino Holdings for approximately $30.6 million in cash.
The Louisiana Racing Commission Oct. 21 ordered Fair Grounds Race Course & Slots to restore $2.7 million in purse supplements from video poker revenue for the upcoming Thoroughbred meet.
Calder Casino & Race Course has undergone "extensive renovations" in advance of its fall meet, said lessee The Stronach Group, which has changed the name of the racing operation to Gulfstream Park West.
Churchill Downs Inc. is seeking to sell Fair Grounds Race Course & Slots for up to $125 million, according to a Sept. 12 report by the New Orleans Advocate.
Elizabeth Wester has been promoted to vice president of government relations for Churchill Downs Inc., and will be responsible for the development and implementation of the company's political and legislative strategies.
Churchill Downs Inc. and the Jockeys' Guild announced Aug. 11 they have reached a three-year agreement on CDI's support of the Guild and its member jockeys. Terms of the agreement were not disclosed.
Despite an increase in racing days during the first six months of this year, total pari-mutuel handle at Churchill Downs, Inc.-owned tracks fell 9.7%, from $1.06 billion in 2013, to $958.3 million.
Churchill Downs Inc. on July 31 became the 24th racetrack entity in the United States to commit to making a contribution to the Racing Medication and Testing Consortium.
Churchill Downs Inc. reported July 30 that the track and casino company had record second quarter net revenues of $303.7 million, up 7% over the $283.6 million figure for the same period a year ago.
Churchill Downs is finalizing a five-year contract to manage the Saratoga Casino and Raceway and another casino in Colorado owned by Saratoga Harness Racing Inc. CDI is pursuing a 25% equity stake in Saratoga Harness Racing.
Most Popular Stories
- Baffert Reflects on Arrogate's Travers Romp
- Arrogate Blazes to Travers Record
- Drefong's Win a Boost for Machmer Hall
- Cavorting to Distaff, Mohaymen Gets Time Off
- Monmouth Gets Donation, Alters Shipper Policy
- Arrogate's Romp Enhances Half Sister's Value
- Love the Chase to Sell at F-T November
- Belvoir Bay Makes the Grade in Torrey Pines
- Strike Charmer Bests Lady Eli in Ballston Spa
- Romero Rides First Winner at Indiana Grand