Tom Meeker

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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.

Hall Monitor

By Ray Paulick -- For the second consecutive year, no contemporary horses were elected to the National Museum of Racing's Hall of Fame. That is astonishing, considering some of the champions named on the ballot.

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.

Meeker Optimistic about Future of Fair Grounds

Churchill Downs Inc. president and chief executive officer Tom Meeker said that in the weeks since Hurricane Katrina devastated CDI-owned Fair Grounds in New Orleans, the company has been working with federal, state, and local governments on a reinvestment plan that could include revamping the historic racetrack into a tourist destination.

Hollywood Park Sale Gives CDI Big Quarter

  • News

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.

Churchill Plans for 'Unique' Meet in Louisiana

As a result of damage to Fair Grounds Race Course from Hurricane Katrina, there will be no live racing there this year and plans are being made for a "unique" meet at Louisiana Downs in its place, according to Churchill Downs president and CEO Tom Meeker.

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.

Churchill Downs Sells Hollywood Park

Saying that California "has forsaken racing and its needs," the president of Churchill Downs Inc. announced July 6 that the company has sold historic Hollywood Park to Bay Meadows Land Company for $260 million.

CDI: Internal Growth, Several External Challenges

Churchill Downs the company hopes to reap the rewards of what president Tom Meeker calls a "culture change," and it also plans to utilize its resources to deal with three lingering industry problems: the tote system, offshore wagering, and short fields.

Visa to End Triple Crown Challenge Sponsorship

In what was described as a change in its marketing strategy for Thoroughbred racing, Visa USA announced Monday it would not renew its 10-year sponsorship of the Visa Triple Crown series, but would focus on a "new partnership with the sport's most venerable race, the grade I Kentucky Derby."

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.

Churchill Downs Completes Purchase of Fair Grounds

Churchill Downs Incorporated completed its $47 million acquisition of Fair Grounds Race Course in New Orleans and its five off-track betting facilities on Oct. 15. CDI also announced it closed the acquisitions of two related New Orleans-area operations, Finish Line Management Corp. and Video Services.

Bankruptcy Court Approves Churchill Downs Purchase of Fair Grounds

  • News

The U.S. Bankruptcy Court, Eastern District of Louisiana, has approved Churchill Downs Incorporated's $47-million purchase of Fair Grounds, according to a release from Churchill Downs. CDI, the Fair Grounds Corporation, and Louisiana Horseman's Benevolent and Protective Association are expected to close the transaction on or before Oct. 15.

CDI Receives Award for Responsible Wagering Program

  • News

Churchill Downs Inc. has received the 2004 Industry Award from the National Council on Problem Gamlbing. The award was presented June 18 at the Conference on the Prevention, Research, and Treattment of Problem Gambling in Phoenix, Ariz.

Ominous Clouds

By Dan Liebman -- Fletcher was very polished in congratulating Smarty Jones' owners, trainer, and jockey. But his ears had to be ringing from Churchill CEO Tom Meeker's comment that, "The sun wasn't shining too bright in Kentucky today but I have a slight feeling it was shining in Pennsylvania."

Fair Grounds Gets Extension for Reorganization Plan

  • News

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.

New York City OTB and Churchill Downs Team Up in Mystery Voucher Giveaway

  • News

The New York City Off-Track Betting Corporation and Churchill Downs are teaming up to giveaway 2,500 "mystery vouchers" on April 25. The vouchers will be distributed in front of NASDAQ headquarters at 43rd St. and Broadway before the opening of the market. Raymond Casey, president and CEO of NYCOTB and Tom Meeker, president and CEO of Churchill Downs, will assist in the giveaway.

Churchill Indicates Desire to Sell Ellis Park

  • News

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.

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