Hollywood Park

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Hollywood Park Sale Gives CDI Big Quarter

Churchill 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.

Hollywood, TOC Hammer Out New Purse Agreement

Hollywood Park, in an agreement hammered out with horse owners, will restructure its overnight purses for the upcoming Autumn meeting and will also cut back the total number of racing days after losing its turf course, the California Horse Racing Board was told Nov. 3. The track has cut 11 stakes races worth $2.3 million as a result of the turf problem.

Hollywood Park Cancels All Turf Racing at Autumn Meet

Citing dissatisfaction with its newly-installed turf course, Hollywood Park announced Tuesday there will be no grass racing at the 31-day autumn meet that begins Nov. 9. The announcement said purses from the eight graded races scheduled for the meet will be redirected to overnight purses.

Santa Anita, Hollywood Barns Hit By Virus

A unnamed virus spreading through the barn areas at Santa Anita and Hollywood Park has reduced the number of horses available to race by "at least 10 to 15 percent," according to Oak Tree Racing Association director and practicing veterinarian Dr. Rick Arthur.

Hollywood Park Sale Completed for $257.5M

Churchill Downs Incorporated and Bay Meadows Land Company announced completion of the sale of Hollywood Park racetrack and surrounding acreage at the Inglewood, Calif., site Sept. 23 for $257.5 million.

Churchill Downs Completes Sale of Hollywood Park

Churchill Downs Inc. and Bay Meadows Land Company completed the sale of Hollywood Park racetrack and surrounding acreage at the Inglewood, Calif., site to Hollywood Park Land Company, an affiliate of BMLC, for $257.5 million. CDI will use the proceeds of the sale to pay down debt.

CHRB Finds Hollywood Sale in Racing's Interest

The California Horse Racing Board put an important stamp of approval on the sale of Hollywood Park at its commission meeting Thursday at Del Mar by unanimously okaying the deal with the Bay Meadows' Land Company in accordance with state racing law.

CDI Eliminates 18 Positions at Hollywood Park

Churchill Downs Inc. is eliminating 18 positions at Hollywood Park, including four department heads, in anticipation of completing the Inglewood, Calif., racetrack's sale to Bay Meadows Land Co. The sale is scheduled to close Sept. 23.

Meeker Addresses Problems Facing Industry

Meeker Addresses Problems Facing Industry

Although competition from casinos and the desire to obtain alternative gaming at racetracks generate the most buzz about problems facing North American horse racing, Churchill Downs president and CEO Tom Meeker says there are other issues facing the industry that must be resolved.

California's Racing Struggles Aired

Calling Churchill Downs' recent sale of Hollywood Park a "shot across the bow," California state Senator Dean Florez heard industry leaders plea for help in racing's struggle for survival in the Golden State.

Hollywood Park Wagering Declines Slightly; Attendance Down 6.6%

Hollywood Park, saving its best for last, closed its 64-day spring/summer meet Sunday with total common pool wagering of $667,016,796, down less than one-half percent from the figure of $679,693,206 during a 65-day meet a ago. The daily average was $10.42 million, compared to $10.45 million in 2004.

Horsemen Seek Stability as Hollywood Deal Looms

Officials maintained a taut no-comment stance on reports that Churchill Downs Inc. is close to a deal with the owner of Bay Meadows for the sale of Hollywood Park, but a spokesman for California's major trainers' organization expressed comfort in the news.

26 College Students in L.A. Times Workshop

Twenty-six of the nation's top college journalism students will participate in the third annual Los Angeles Times Sports Journalism Workshop, scheduled Thursday through Saturday at Times Mirror Square and Hollywood Park.

Churchill Loses $13.9M in First Quarter of 2005

Churchill Downs Inc. posted revenue gains for the opening quarter of 2005 thanks to the addition of 61 racing dates at the newly acquired Fair Grounds, but higher corporate expenses resulted in a net loss of $13.9 million, the company reported May 10.

Where Are They Now?

Where Are They Now?

By Ray Paulick - Conglomerate ownership was designed to bring economies of scale to the racetrack segment of the industry. Statistical evidence, along with unconfirmed reports that Hollywood Park may be sold to developers, suggests it hasn't worked very well in Southern California.

Allred Pulls Out of Los Alamitos Plan

Ed Allred, the owner of Los Alamitos Race Course, has reportedly backed out of a plan that could have brought Thoroughbred racing to his Quarter Horse facility in the event Hollywood Park were to be sold to development interests.

CHRB Files Complaints Against Owner, Van Driver

CHRB Files Complaints Against Owner, Van Driver

The California Horse Racing Board filed complaints Monday against Martin J. Wygod, the owner of Sweet Catomine, and a racehorse transport driver after determining the champion filly was falsely identified to the stable gate guard as a "pony" when she left Santa Anita at 3 a.m. April 4 for special medical treatment and again when she returned to the stable area the following night.

Barden Named Assistant GM at Hollypark

Tim Barden, Hollywood Park's management liaison since 2000, has been promoted to assistant general manager of the Los Angeles-area racetrack, general manager Eual Wyatt Jr. announced on behalf of Hollywood Park and parent company Churchill Downs Inc.

Hollywood Ending?

Hollywood Ending?

By Ray Paulick - The good old days? They weren't that long ago for horse racing fans in Southern California.

Los Alamitos Offers Option to Hollywood Park

Los Alamitos Offers Option to Hollywood Park

With the future of Hollywood Park in doubt, prominent Thoroughbred owner Mike Pegram and Los Alamitos Race Course owner Dr. Edward C. Allred unveiled a $40 million plan March 17 to expand and upgrade the Quarter Horse facility in order to fill an expected void in the Southern California market.

CDI: No Hollywood Comment Pending Deliberations

Churchill Downs Inc. officials discussed the company's financial picture, alternative gaming initiatives, and the industry's tote system during a March 17 teleconference but shed little light on their intentions for Hollywood Park, the Southern California racetrack that is the subject of sale rumors.

TOC: No Choice But to Evaluate Options

The Thoroughbred Owners of California, faced with the possibility of losing a major racetrack partner, has been discussing its options for the future given ongoing rumors Hollywood Park may be sold and no longer offer horse racing.

Hollywood Gold Cup Returns to Handicap

The Hollywood Gold Cup (gr. I), one of the nation's premier races since Seabiscuit won the inaugural running in 1938, will be returned to its handicap status for the 66th running on July 9.

'Players' Pool' Strikes Again With Pick Six Hit

AmericaTab followed the success of its first Players' Pool on the Breeders' Cup Ultra Pick 6 with its second hit in a month. Bettors had one winning pick six ticket and 28 consolation tickets Nov. 28 at Hollywood Park.

Blackdoun, Special Ring Slotted for Return

Blackdoun and Special Ring failed to handle a yielding turf course in the Breeders' Cup Mile (gr. IT) at Lone Star Park on Oct. 30, finishing seventh and thirteenth, respectively, but the race took so little out of them they could both return later this month at Hollywood Park.

Totals Down Slightly at Hollywood Park

Hollywood Park closed its 65th spring/summer meet July 18 with total common pool wagering of $679,693,206, down 1.2% from last year's figure.

California Board Postpones PVal Hearing

California Board Postpones PVal Hearing

The California attorney general's office has postponed indefinitely Thursday's scheduled formal hearing by Hollywood Park stewards concerning the summary suspension of jockey Pat Valenzuela, which went into effect July 2.

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