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NYRA Losses Nearly Double for 2007

NYRA Losses Nearly Double for 2007

In a financial statement released by the New York Racing Association March 28, the non-profit organization reported total net operating losses of $34.28 million in 2007. That figure is nearly double from 2006, when total net losses reached $17.83 million.

Churchill Indicates Desire to Sell Ellis Park

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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.

Churchill, Others Seek Payments from Hialeah

Churchill Downs Inc. has filed a lawsuit in Miami-Dade, Fla., Circuit Court alleging that Hialeah Park has failed to make payments of approximately $185,000 in simulcast fees. Meanwhile, a North Dakota wagering company and South Florida horsemen also are seeking money from the racetrack.

NTRA Revenues: From Red to Black in 2000

The National Thoroughbred Racing Association in 2000 had $4.81 million in operating revenue over operating expenses, compared with a $1.82 million deficit in operating revenue in 1999. That's a swing of $6.6 million to the positive side of the fiscal ledger.

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