Churchill Downs Inc. has finalized agreements with AIG Insurance to provide $1 million in on-track insurance coverage for jockeys who compete at CDI racetracks located in states where jockeys are not currently covered by workers' compensation programs.
Earnings for Churchill Downs Inc. in 2004 and for the fourth quarter were negatively impacted by several one-time expenses, including supporting alternative gaming initiatives, a "non-cash impairment charge" at Ellis Park, and an unrealized loss related to a note, the company reported Wednesday.
A few new changes will highlight the 2005 Ellis Park meeting, which begins July 13 and concludes with a special Labor Day program Sept. 5. The track will feature ten events with $850,000 in total purses and add a special day of racing with four stakes races highlighted by the 24th running of the track's signature event, the $150,000-added Gardenia Handicap (gr. III).
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.
Jennifer Ray has been appointed director of marketing at Ellis Park. Ray, who held the same position at Louisiana Downs for the past 17 years, replaces Bob Cunningham, who recently resigned due to relocation.
Horses racing in Kentucky will now be identified the morning of their respective races and before leaving the paddock following a directive from Jim Gallagher, executive director of the Kentucky Horse Racing Authority.
Churchill Downs Inc. announced Monday that it is revising its earnings outlook for the third quarter of 2004 and further lowering its outlook for the full year to reflect increased spending on alternative gaming efforts and special, non-cash impairment charges for Ellis Park due to softness in business at that racetrack.
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.
The Office of the Inspector General has been called in to investigate a mix-up in a maiden race at Ellis Park, said Kentucky Racing Authority chairman Bill Street. The Kentucky Racing Authority met Aug. 16 at the Kentucky Horse Park.
There was a case of mistaken identity at Ellis Park on Aug. 11 when maiden Boggy Creek ran in place of maiden Parker Valley in a 5 1/2-furlong maiden turf race. Boggy Creek finished fifth.
Iron County Farms' Bare Necessities is looking to repeat her winning performance in Saturday's $200,000 Gardenia Handicap (gr. III) going 1 1/8-miles at Ellis Park. Bare Necessities took the 2003 edition by scoring an impressive 5 1/4-length win and paying just $2.80 to become the shortest price in the race's 22-year history.
Through 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.
Ellis Park will institute a 5% reduction in all overnight purses, including all Kentucky Thoroughbred Development Fund supplements, beginning July 28 for the duration of the 54-day meeting.
When Jarrett won the first race at Ellis Park today, Robert A. "Cowboy" Jones became the oldest jockey to ever win a race at the Western Kentucky track.
It was two years ago that jockey Rafael Bejarano won his first race in the United States at River Downs. Since then, the 22-year-old has won riding titles at Hoosier Park, Ellis Park, and Turfway Park. On July 5, he clinched another accolade when he was named leading rider for the 2004 spring meet at Churchill Downs.
Strong storms that rolled through parts of western Kentucky Monday damaged a barn and uprooted a handful of trees at Ellis Park in Henderson. No injuries were reported.
A 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.
The $200,000 Gardenia Handicap (gr. III) highlights the 2004 stakes schedule at Ellis Park, worth a record $1.1 million. Total purses for the 11 stakes races scheduled during the 54-day meet, which opens July 7 and continues through Sept. 6, reflects an overall increase of $25,000 from the track's 2003 stakes calendar.
The Kentucky Racing Commission granted final approval of 2004 race dates Oct. 28 at a contentious meeting at which Ellis Park was granted a six-day racing week, and The Red Mile was awarded Quarter Horse dates despite objections from the Kentucky Quarter Horse Association's attorney.
A 10.4% drop in on-track wagering was more than offset by a rise in off-track simulcast betting at Ellis Park. The Henderson, Ky. track reported a 26.9% increase in all-source handle during the 41-day meet that concluded with the Labor Day card Monday.
No horses were injured as a result of a minor stable fire at Ellis Park on U.S. 40-North Friday morning, but the blaze caused about $500 in damage and two security workers who put it out were treated for smoke inhalation, the Henderson Gleaner reported.
Kentucky Off-Track Betting Corp., owned by four of the state's racetracks, celebrated its 10th anniversary with total handle of $313 million through June 30. The corporation was formed in November 1992.
Indiana Downs officials will ask the state's regulatory agency to consider banning Kentucky Thoroughbred simulcast signals during a meeting July 29.
Ellis Park was forced to cancel racing on opening day of its summer meet Wednesday after four races due to severe thunderstorms in the Henderson, Ky., region that caused conditions to be unsafe.
With a successful spring meet at Churchill Downs in the books, the Kentucky racing scene shifts to Ellis Park July 9 with a focus on promotions and tie-ins with local communities and businesses.
Churchill 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.
Ellis Park has raised the purse money of four stakes races to be run at the Henderson, Ky. track's upcoming summer meeting.
The Kentucky Horsemen's Benevolent and Protective Association has reached an agreement with Ellis Park to keep the stable area at the Henderson, Ky., racetrack open for training year-round.
Indiana Downs has won approval from the Clark County, Ind., Council to open a satellite wagering facility in Clarksville or Jeffersonville, both of which are located just across the Ohio River from Churchill Downs in Louisville, Ky.
Churchill Downs Inc. reported a gain in earnings for 2002 but indicated it's looking to sell Ellis Park, the western Kentucky racetrack it purchased in 1998 as part of a $22 million package. The company's financial statement for 2002 was released Feb. 11.
The owners of Balmoral Park and Maywood Park in Illinois are interested in purchasing Ellis Park, the western Kentucky racetrack owned by Churchill Downs Inc., according to published reports.
It might take you awhile to name the 2002 Breeders' Cup World Thoroughbred Championships trainer that has the highest winning percentage this year.
Ellis Park concluded its 41-day race meet with increased attendance and slightly lower total wagering. The totals for the meet, which ended with a Labor Day program on Sept. 2, shohwed a 3.1% increase in on-track attendance and a 2.1% decline in on-track betting. Overall wagering declined 3.6%, when compared to the 2001 meet.
Favorite Minister's Baby disposed of longshot pacesetter Red n' Gold in the final turn and held off Lakenheath by 1-3/4 lengths in Saturday's $200,000 Gardenia Handicap (gr. III) for fillies and mares at Ellis Park.
A construction mishap at Churchill Downs on Wednesday afternoon caused a power outage that briefly interrupted wagering on races at Ellis Park, its sister track in Henderson, Ky., and left most of the historic racetrack and its offices in the dark for a time.
A revamped Indiana Horse Racing Commission granted approval July 2 for the proposed Indianapolis Downs to build and operate an off-track betting parlor in Evansville, not far from Ellis Park in Kentucky.
Given an increase in simulcasting handle since the start of the year, Ellis Park has invested about $500,000 in improvements to prepare for it summer meet that begins July 10.
Churchill Downs has named Doug Bredar to serve as director of racing and racing secretary.
The initiative to get alternative gaming--likely slot machines--in Kentucky has received a major boost with a published report saying that the Keeneland Association will support the effort.
Indianapolis Downs has filed an application for a license to operate a satellite wagering facility in Evansville, Ind., only minutes from Ellis Park in Henderson, Ky. Officials with the proposed racetrack claim the southern Indiana marketplace is underserved by Hoosier Park, currently the state's only pari-mutuel racetrack. Churchill Downs owns Hoosier Park and Ellis Park.
Ellis Park fought off the chilling effects of escalating gasoline prices and a sluggish economy to post gains in attendance and wagering.
What are the chances of the computerized photo-finish camera malfunctioning either electronically or by human failure in a $100,000 Stakes race? What are the odds for a 1-5 favorite with three consecutive graded New York stakes victories to his credit finishing out-of-the-money in the following race, also a $100,000 stakes? How about a rider dropping his whip in the final 50 yards of a $100,000 race?
News from the racing and breeding industries
Despite rumors that racing dates may be cut, it appears as though Kentucky's January-through-December Thoroughbred racing schedule will remain intact for 2002.
Asher set a brisk pace under jockey Mark Guidry and continued on to win Saturday's $200,000 Gardenia Handicap (gr. III) at Ellis Park.
Bits and pieces from around the industry
The Kentucky Horsemen's Benevolent and Protective Association and Ellis Park have embarked on a joint marketing initiative that could lay the groundwork for projects at the state's other racetracks.
Competition abounds, but when Ellis Park in Henderson, Ky., opens Wednesday, the fields will be full. The Churchill Downs-owned facility occupies the Kentucky racing calendar through Labor Day.
Jersey Derby retains graded status, near record nominations for the Florida Stallions Stakes, and Retama Park reaches an average $100,000 a day in purses
Richard, Bertram, and Elaine Klein's Stay Sound, a popular Kentucky-based stakes horse who won the grade III Hawthorne Derby in 1998, has been retired and eventually will have a new home as a stallion.
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