GTECH Corporation has sold its one-third interest in Turfway Park to the track's remaining partners, Harrah's Entertainment and the Keeneland Association, the Florence, Kentucky, track announced Tuesday.
Turfway Park president Bob Elliston said he expects the Kentucky racetrack's new Polytrack surface to be ready for horses to train on by mid-August, when trainers are expected to begin arriving for the fall meet that begins Sept. 7.
Gtech Holdings, the world's dominant operator of national and state lotteries and co-owner of Turfway park, issued warnings Wednesday about a possible breach of its computerized system for paying scratch-off tickets in Taiwan.
Gtech Holdings, a lottery operator and one-third owner of Turfway Park, doubled its profits for its fiscal second quarter ending Aug. 24.
Gtech Holdings, a lottery systems operator and co-owner of Turfway Park, reported first quarter earnings that were 6-7 cents higher than analysts' expectations.
Lottery company and Turfway Park co-owner Gtech has objected to the way New York handled a bid for a video lottery operating contract.
Churchill Downs is one of 70 leading public and private companies asked to do a presentation before investors Wednesday morning at the 11th Annual CIBC World Markets Gaming, Lodging, and Leisure Conference in New York City.
Gtech 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.
Gtech, one of the county's largest lottery company and a one-third owner of Turfway Park, reported declines in earnings per share for its fourth quarter and fiscal year ending Feb. 24. Fourth quarter earnings fell 13.8% to 75 cents per diluted share, and earnings for the fiscal year dropped 51.5% to $1.25 per diluted share.
Gtech, a lottery company and co-owner of Turfway Park, announced today it was eliminating jobs as part of a large cut in operating expenses.
Keeneland will begin offering discounts in stall rental fees to horsemen stabled on its grounds and at its Thoroughbred Center training track if they run at Turfway Park.
The major international lottery company said further cuts and asset sales can be expected in the next quarter. One of those assets could be the company's one-third interest in Turfway Park.
A subsidiary of lottery giant GTECH Holdings Corp. is putting its one-third interest in Turfway Park racetrack up for sale.
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