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Churchill Downs reported net revenues of $376.67 million for 2006, a 5.71% increase over 2005, according to financial data released March 12.
Monday, March 12, 2007Churchill 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, 2006Magna Entertainment officials parried with contentious callers during an earnings conference call Nov. 2.
Thursday, November 02, 2006Victory by Discreet Cat in the UAE Derby (UAE-I) moved him to the top of the list of leading Kentucky Derby (gr. I) hopefuls by graded stakes earnings.
Thursday, March 23, 2006Churchill 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.
Tuesday, November 08, 2005Magna Entertainment Corp. expects to have partners lined up for some of its pending racetrack gaming operations before the end of this year, and hopes to have a presence in Nevada, where account wagering could be offered in the future.
Friday, August 05, 2005Magna Entertainment Corp., which registered a $25-million decline in net income in the last year, expects to post a net loss for 2005 but is banking on profitability--and operation of slot machines in three states--by the end of 2007.
Tuesday, May 03, 2005Magna Entertainment Corp. reported a net loss of $4.12 million for the first quarter of 2005, down from net income of $21.11 million for the comparable period in 2004.
Monday, May 02, 2005With seven weeks remaining in the calendar and racing year, jockey John Velazquez is well ahead of Edgar Prado and Jerry Bailey in the race to be leading rider by earnings.
Monday, November 15, 2004Churchill Downs Inc. officially reported Tuesday that its results for the third quarter that ended Sept. 30 would be down from its earlier projections.
Wednesday, October 20, 2004Canterbury Park Holding Co. reported a decrease in net income for the first three months of 2003 compared with the same period in 2002, but an increase in revenue for the three-month period.
Thursday, May 15, 2003Magna Entertainment Corp. reported a $6-million decrease in net income for the first quarter of 2003 compared with the same period in 2002, according to a financial statement released April 30.
Thursday, May 01, 2003MTR Gaming Group, the owner of Mountaineer Race Track and Gaming Resort, hits some new financial records for the third quarter but still reported a decline in earnings per share.
Wednesday, November 06, 2002Magna Entertainment reported across-the-board declines in revenue, net income, and earnings per share for the third quarter ending Sept. 30. The Ontario-based racing conglomerate also announced the resignation of two more directors, John York II and James Nichol, from its board of directors.
Friday, November 01, 2002Penn National Gaming, Inc. (PENN: Nasdaq) today reported record third quarter results for the period ended September 30.
Friday, October 25, 2002Gtech Holdings, a lottery operator and one-third owner of Turfway Park, doubled its profits for its fiscal second quarter ending Aug. 24.
Friday, September 13, 2002Youbet.com is on solid footing, according to the California online horse racing and wagering service's top executive. Chief executive officer David Marshall said he expects substantial increases in revenue and to secure additional capital within the next three months.
Thursday, August 15, 2002The owner of Mountaineer Race Track and Resort in West Virginia took a huge hit in the stock market Friday morning after releasing poor second quarter earnings.
Friday, August 09, 2002Magna Entertainment took another major hit in the stock market Monday when its stock dropped 14% to $3.45.
Monday, August 05, 2002Magna Entertainment's stock plunged Friday on the heels of a second quarter earnings report that failed to meet analysts' projections. The stock fell 20.6%, a loss of $1.04, on heavy trading to $4.01.
Friday, August 02, 2002Magna Entertainment's buying spree is over for the time being. The Ontario-based racing conglomerate has shifted its focus toward making the 10 racetracks it owns and manages more efficient and profitable.
Friday, August 02, 2002Magna Entertainment reported mixed results for its second quarter on Wednesday and announced it had delayed a major renovation of Gulfstream Park.
Wednesday, July 31, 2002Gaming machines at Charles Town Races and expansions at Mississippi casinos helped Penn National report record revenue and earnings for the second quarter ending June 30.
Thursday, July 25, 2002Churchill Downs Inc. hit a couple financial records during its second quarter due to record wagering on Kentucky Derby and Kentucky Oaks days, additional racing days, and growth in its simulcast network.
Tuesday, July 23, 2002Churchill Downs Inc. hit several financial records during its second quarter due to record wagering on Kentucky Derby and Kentucky Oaks days, additional racing days, and growth in its simulcast network.
Tuesday, July 23, 2002Gtech Holdings, a lottery systems operator and co-owner of Turfway Park, reported first quarter earnings that were 6-7 cents higher than analysts' expectations.
Wednesday, June 19, 2002Maxxam, the industry conglomerate that owns Sam Houston Race Park, posted a huge first quarter loss after its aluminum operation declared bankruptcy. The bankruptcy is not expected to affect racing operations.
Thursday, May 23, 2002Canterbury Park Holding reported an 11.4% increase in revenue and a 28.6% increase in net income for the first quarter ending March 31. Revenue of $8.9 million and net income of $931,038 were records.
Thursday, May 16, 2002Gemstar-TV Guide International, parent company to the TV Games Network, posted a steep first quarter net loss due to $297.8 million write-off and declining revenu
Thursday, May 16, 2002Higher insurance costs and a lack of live racing caused Churchill Downs' first quarter losses to deepen.
Wednesday, May 08, 2002MTR Gaming Group, the owner of Mountaineer Race Track and Gaming Resort, reported double digit increases in revenue, earnings, and net income for the first quarter ending March 31.
Tuesday, April 30, 2002Penn National Gaming reported record earnings and revenue for the first quarter ending March 31, but also had profits slip after a large write-off of debt.
Tuesday, April 23, 2002Scientific Games reported $5.4 million, a gain of 10 cents per common share, in net income for the three month period ending March 31. For the same period a year ago, the company reported a net income of $4.1 million or a loss of 10 cents per share.
Monday, April 22, 2002Canterbury Park announced record revenue and net income for 2001. A full year of revenue from its Card Club allowed the Minnesota racetrack to increase revenue by nearly 22% and raise net income by 116.5%.
Tuesday, April 02, 2002MTR Gaming Group, owner of Mountaineer Park, reported double digit increases in revenue, net income, and earnings for the fourth quarter and 2001. The West Virginia company (Nasdaq:MNTG) also reported decreases in earnings per share for the quarter and for the year.
Tuesday, April 02, 2002Gemstar-TV Guide stock plummeted Tuesday morning on the heels of poor fourth quarter and year-end results. As of 3 p.m., the parent company of the TV Games horse racing network was down $4.21 to $17.52, a drop of 19.4%.
Tuesday, March 19, 2002Magna Entertainment reported a 28% gain in fourth quarter revenue, but losses in net income and earnings per share for the three-month period ending Dec. 31. For the year, the Canadian racing conglomerate reported a 25.5% increase in revenue, a jump in net income from $441,000 to $13.5 million, and an increase in diluted earnings per share from 1 cents to 16 cents.
Tuesday, February 12, 2002Penn National reported a record fourth quarter Monday with revenue climbing 48.1% and net income jumping 105.2%. The Pennsylvania racetrack and casino company also announced it will be offering 2.5 million in additional shares of common stock, which should generate about $74 million. Another 1 million shares will be offered at the same time by the Carlino Family Trust.
Monday, February 04, 2002Gtech Holdings, a co-owner of Turfway Park and lottery system operator, reported Monday an 18% increase in fiscal third-quarter profits due to the sale of terminals and software to the United Kingdom. Net income rose to $21.6 million, or 73 cents a share, in the three months ending Nov. 24 from $18.3 million, or 53 cents a share, a year earlier.
Tuesday, December 11, 2001Canterbury Park reported increased revenue and decreased net income for the third quarter ending Sept. 20. Revenue for the Minnesota racetrack was up 4.3% to $12.1 million, but net income for the third quarter fell 21% to $378,103, or 10 cents per share.
Thursday, November 15, 2001The TV Games Network's parent company reported a 13.5% increase in net loss for the third quarter ending Sept. 30. The increase in losses was attributed to charges related to the merger between Gemstar and TV Guide in July 2000 and to higher operating expenses.
Thursday, November 15, 2001Youbet.com's significant decreases in third quarter revenue and handle is being blamed on the weak economy and the aftermath of the Sept. 11 terrorist attacks in New York and Washington, D.C. Revenue fell 19% to $1.13 million for the third quarter ending Sept. 30, down from $1.39 million for the same period of 2000. Handle also dropped 16% to $18.8 million, down from $22.4 million a year ago.
Tuesday, November 13, 2001Magna Entertainment showed some improvement during the third quarter ending Sept. 30, historically the company's weakest period of the year. Revenue for the Ontario-based racing conglomerate increased 31.1% for the quarter and 24.9% for the first nine months of the year.
Monday, November 05, 2001Maxxam, the owner of Sam Houston Race Park, reported a gain of $4.08 per share for its third quarter compared with a loss of $2.47 per share reported a year ago. The diversified company's racing operations reported a slight increase in sales, but the gains were offset by increased costs.
Thursday, November 01, 2001Penn National Gaming reported a 67.3% increase in revenue and a 52.5% increase in net income for the third quarter. In other news, the company is seeking dismissal of a lawsuit filed against Charles Town Races by Showboat Development over the rights to operate slot machines and video lottery terminals at the company's West Virginia racetrack. If the case is not dismissed, Penn National wants the case moved out of Nevada to a West Virginia court.
Thursday, October 25, 2001A decrease in Churchill Downs' third quarter earnings has been attributed to an increase in outstanding shares and the aftermath of Sept. 11's terrorist attacks.
Wednesday, October 24, 2001Magna Entertainment reported an 11% increase in revenue and a 21% increase in earnings before interest, taxes, depreciation, and amortization for the second quarter ending June 30. The recent quarter was the first to include all the company's operations.
Thursday, August 02, 2001Canterbury Park reported a 114% increase in revenue and a 300% increase in earnings per share for its first quarter. The strong performance is attributed to the Minnesota racetrack's card room. Call Now, the owner of Retama Park, saw revenue increase but so did its net loss.
Tuesday, May 15, 2001Magna Entertainment reported an 87% increase in earnings to 28 cents per share along with double digit increases in revenue and net income for the first quarter ending March 31.
Friday, May 04, 2001Penn National's stock got a huge boost this week from a glowing first quarter earnings report and an announcement that it will soon close a deal involving casinos in Canada and Louisiana.
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