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Meeker Presides Over Final Shareholders' Meeting

As the search for his successor continues, Churchill Downs Inc. president and chief executive officer Tom Meeker presided over his 22nd and final shareholders' meeting Thursday, painting a positive picture of the racetrack operating company's future while also accepting plaudits from fellow directors and company employees.

Meeker: Account Wagering Needs Overhaul, Expansion

Expansion of account wagering and improvements to existing platforms are a chief objective of Churchill Downs Inc., whose chief executive officer, Tom Meeker, indicated change is needed to generate more industry revenue and maintain or expand the customer base.

Magna, Churchill Partner With British Firm in TV Deal

Magna Entertainment Corp., Churchill Downs Incorporated, and Racing UK, announced that the three organizations have entered into a memorandum of understanding for media rights and to develop a subscription television channel to broadcast races from MEC and CDI racetracks, as well as other North American and international racetracks, into the United Kingdom and Ireland.

Racing to the Rescue Day Planned for Oct. 8

Organizations in the horse industry are forming a major fundraising effort Oct. 8 for victims of Hurricane Katrina to be called "Racing to the Rescue Day." The Breeders' Cup World Thoroughbred Championships also plans to raise funds for the cause.

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.

Top U.S. Racing Companies to Study Jockey Scale of Weights

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The nation's top three horse racing companies have teamed to study the current jockey scale of weights and make recommendations on potential national reforms to the Jockeys' Guild, horsemen's groups, racing associations and racing regulators.

Skehan Named Churchill Downs Inc.'s COO

Andrew Skehan, who previously served as Churchill Downs Inc.'s chief marketing officer, has been named the company's chief operating officer. He will assume his new position immediately and report directly to CDI's president and chief executive officer Thomas Meeker.

Churchill Revises Earnings Forecast: Stock Price Declines

Churchill Downs Inc. has revised its earnings estimates for the second quarter and current fiscal year, primarily as a result of costs associated with the company's efforts to seek legalized alternative gaming in California and Florida and its proposed acquisition of Fair Grounds in Louisiana.

Fair Grounds Gets Extension for Reorganization Plan

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Fair Grounds has been granted an extension to Monday to file a Chapter 11 reorganization plan. The extension of Thursday's deadline was granted in order for Fair Grounds officials to have more time to negotiate a possible purchase of the track by Churchill Downs Inc.

CDI Outlines Aggressive Plan for '04

An ambitious strategic plan Churchill Downs Inc. hopes to accomplish in 2004, which president Tom Meeker said will "change the culture of our company," includes a major customer service initiative, increased branding of the company's assets, and possibly even a company-owned account-wagering platform.

Meeker: Wagering Products Must Match Customer Demand

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.

Meeker to Address State Legislators in Florida

Churchill Downs Inc. president Tom Meeker will speak to state legislators on regulatory issues facing the pari-mutuel industry during the National Council on Legislators from Gaming States (NCLGS) winter meeting January 11 in South Beach, Florida.

Record Second Quarter for Churchill Downs

Churchill 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.

TVG-Magna Negotiations at Impasse Over Exclusive Contracts

Talks between Magna Entertainment and the TV Games Network are over, according to TVG president Mark Wilson, who has been negotiating with Magna chief executive officer James McAlpine in hopes of striking a deal to bring Santa Anita, Gulfstream Park, and other Magna tracks to TVG's racing and wagering network.

Coleman Appointed to Churchill Downs Board of Directors

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Leonard S. Coleman Jr. has been appointed to the Churchill Downs Incorporated board of directors. Coleman, who currently serves as president of the Newark Sports & Entertainment Inc., is best known as the former president of Major League Baseball's National League from 1994-1999.

Sexton Replacing Mordell as Arlington Park President

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Steve Sexton, who left Lone Star Park in Texas earlier this year to become executive vice president of Arlington Park, has been named president of the suburban Chicago racetrack. The announcement was made by Thomas Meeker, chief executive officer of Churchill Downs Inc., which acquired Arlington in a stock merger last September, and by Richard Duchossois, Arlington's former owner and the largest individual shareholder of CDI stock.

Dissidents Present Case to NTRA Board; Stronach Discussions Continue

No major developments emerged from a meeting of the National Thoroughbred Racing Association board of directors, which was presented with a report prepared by many of the 22 racetracks that said they are dropping out of the NTRA at the end of the year. Meanwhile, the organization plans to continue discussions with Magna Entertainment chairman Frank Stronach concerning his proposals for the NTRA.

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