Churchill Downs Inc. reported that revenue from the newly opened Calder Casino and revenue growth at TwinSpires.com boosted net revenues from continuing operations to a record total of $75.1 million for 2010's first quarter.
Susan G. Komen for the Cure will once again partner with the Kentucky Oaks to raise awareness for breast cancer with numerous on-track events on Oaks Day, including a "Pink Out" and survivors parade.
Churchill Downs Inc. is partnering with NBC Sports to televise three, one-hour programs of key prep races on the Triple Crown trail in 2010, it was announced Jan. 11.
- By Tom LaMarra
Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.
Churchill Downs has announced that D. Brett Hale has been named senior vice president of corporate and government relations.
- By Tom LaMarra
Churchill Downs Inc. is expanding its presence in the advance deposit wagering market with the purchase of Youbet.com for $126.8 million. United Tote is included in the proposed deal.
The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.
Churchill Downs Inc. reported Oct. 28 that net revenue from continuing operations for the third quarter of 2009 totaled $100.9 million, an increase of $1.3 million, or 1%, over the $99.6 million recorded during the third quarter of 2008.
Although Churchill Downs Inc. posted a slight increase in revenue during the second quarter of 2009 despite the depressed economic picture with the U.S., the racetrack operating company's president and CEO said the "results from our racing operations were disappointing."
While Churchill Downs Incorporated will continue to focus on racing as its primary business, its ability to expand into more profitable ventures such as alternative gaming and concerts will be key to future growth.
Churchill Downs, host of the May 1 Kentucky Oaks (gr. I), and Susan G. Komen for the Cure, the world's largest breast cancer organization, have announced a partnership to raise funds to aid in breast cancer awareness and research.
Hidden Lake, who earned the 1997 Eclipse award for top older female, will become the newest retiree at Old Friends, a Thoroughbred retirement facility near Georgetown, Ky. Her owner, Robert Evans of Connecticut, donated her.
Delaware Park shipper Akronism seems to have found a home in Canada, as the 4-year-old filly won her second consecutive graded stakes at Woodbine, this time taking the $157,800 Seaway Stakes (Can-III) by a length Sept. 6.
There were many who questioned whether champion mare Ginger Punch would be able to stretch out to 10 furlongs, something she had never done before. In the $400,000 Personal Ensign Stakes (gr. I) Aug. 22 at Saratoga, the 5-year-old daughter of Awesome Again was grateful for the added distance, as she needed every last stride to pass Lemon Drop Mom.
- By Ryan Conley
Churchill Downs Inc. said Aug. 6 it was pleased with its second quarter results despite various challenges that left the company with flat earnings in year-over-year comparison, claiming a high-profile dispute with horsemen had "little impact" on certain aspects of its financial performance.
- By Jim Freer
Hialeah Park owner John Brunetti is looking forward to meeting with prospective buyer Halsey Minor about what he calls multiple "hurdles" to returning racing to the historic track that last held a meet in 2001.
Golden Spikes, on the Triple Crown trail earlier this year, is beginning to find a niche as a sprinter, as he captured the $250,000 Carry Back Stakes July 12 at Calder Race Course for his second win in a row.
A leading executive of Churchill Downs Inc. told a gathering of shareholders June 19 that he didn't know when a nasty revenue-sharing dispute with horsemen would be resolved, but promised the company would do its part in reaching a satisfactory conclusion for all.
Fountain of Youth Stakes (gr. II) runner-up Elysium Fields and impressive allowance winner Big Brown turned in works this week in preparation for the $1 million Florida Derby (gr. I) March 29.
Churchill Downs Inc. is asking for patience in seeing financial rewards from what it termed an $80 million investment into the advance deposit wagering industry in 2007, and promises to act on opportunities for the company's progress in 2008.
Churchill Downs Inc. says it is sincerely interested in hosting the Breeders' Cup World Championships, so much so that it offered what it considered an "innovative" multi-year plan for regularly staging the annual event at its signature namesake track starting in 2009.
By Evan I. Hammonds - Advance deposit wagering, which most sources agree accounts for about 10% of handle on Thoroughbred racing, is the sport's latest battleground.
- By Tom LaMarra
The Jockey Club has weighed in publicly on the topic of account wagering economics, urging the pari-mutuel industry to urgently work together to devise a model that benefits horsemen, racetracks, and patrons.
During a conference call to discuss second-quarter earnings, Robert Evans, president and chief executive officer of Churchill Downs Inc., said the company would no longer release handle and attendance figures at the conclusion of race meets for its four racetrack properties.
Churchill Downs Inc. reported net earnings of $29.3 million in the second quarter, a decrease of 12% compared with net earnings of $33.4 million over the same period last year. Those figures break down to $2.11 per share and $2.46 per share, respectively.
Yum! Brands, presenting sponsor for the Kentucky Derby (gr. I), announced Monday, April 30, that it will offer a $1-million to the connections of any horse that wins this year's Derby and beats Barbaro's winning margin of 6 1/2 lengths.
Representatives from Churchill Downs will honor the late 2006 Kentucky Derby Presented by Yum! Brands (gr. I) winner Barbaro and his owners, Roy and Gretchen Jackson, during a winner's circle ceremony at this year's Derby May 5. The ceremony will take place between races six and seven at approximately 2:30 p.m. EDT.
Robert Evans, the horse owner-breeder who became president and chief executive of Churchill Downs nine months ago, offered his advice on the future of his company and the horse industry in a frank interview that appears in the Monday, April 16, edition of the Wall Street Journal.
Churchill Downs reported net revenues of $376.67 million for 2006, a 5.71% increase over 2005, according to financial data released March 12.
- By Ryan Conley
Churchill Downs announced Dec. 13 that it has reached an agreement to sell its majority interest in Hoosier Downs to former minority partner Centaur Inc.
Marsh Side kept his perfect Polytrack record intact by taking Sunday's $125,000 Valedictory Stakes on closing day of the 2006 season at Woodbine under meet riding champion Emma-Jayne Wilson.
- By Ryan Conley
Churchill Downs announced a staff reduction of 30% of the company's full-time corporate workforce Dec. 1, a move that will eliminate 22 positions in a variety of departments.
Churchill Downs Inc. reported Tuesday that earnings tumbled in the third quarter, as the year-ago period benefited from a hefty gain on the sale of assets.
One day after being named chief executive officer and president of Churchill Downs Inc., Robert Evans told a group of assembled media he is ready to lead the Louisville, Ky.-based racetrack company into the future.
Frankie Dettori, Saeed bin Suroor and Godolphin opened their account for the season when Catstar made virtually all the running to win the UAE 1,000 Guineas, a mile conditions race on the dirt.
Robert S. Evans' 5-year-old homebred mare New Economy won the $200,000 La Prevoyante Handicap (gr. II) last year and goes for a repeat tally Saturday in the 12-furlong turf test at Calder.
A 2-year-old full brother to grade I winner Forestry died in March after becoming cast in his stall at an undisclosed farm and breaking a leg.
Wednesday night's Fasig-Tipton Saratoga sale ended not with a bang but a whimper, as the highly anticipated Storm Cat colt--the last yearling through the ring--was bought back by consignor Robert Evans for $3.8 million.
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