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Churchill Downs Inc. president Tom Meeker addressed the National Council of Legislators from Gaming States Jan. 11 with calls for regulatory consistency across jurisdictions and support for expanding racetrack gambling.
Saturday, January 11, 2003Churchill Downs Inc. president and chief executive officer Thomas H. Meeker said Friday that the Louisville, Ky. racetrack operating company had no plans to relocate corporate headquarters.
Friday, December 27, 2002Churchill Downs Inc. reported Tuesday that net revenues for the third quarter ending Sept. 30 totaled $125.6 million, an increase of 3.6 percent, compared with $121.2 million for the same period last year.
Tuesday, October 22, 2002The board of directors of Churchill Downs Inc. has approved a $95-million expenditure to fund the second phase of a major construction project at Churchill Downs in Louisville.
Thursday, September 26, 2002Expanded gambling is preferable to raising taxes to help balance Kentucky's budget, Gov. Paul Patton said Aug. 5 during a news conference that kicked off Responsible Gaming Education Week.
Tuesday, August 06, 2002Churchill Downs Inc. hit a couple 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.
Tuesday, July 23, 2002Churchill 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.
Tuesday, July 23, 2002Higher insurance costs and a lack of live racing caused Churchill Downs' first quarter losses to deepen.
Wednesday, May 08, 2002Churchill Downs reported Monday that net revenues increased 17.6 percent to $427-million in 2001 and that net earnings for the year were up 15.2 percent to total $22-million. Both were record levels for the Louisville, Ky. racetrack operating company.
Monday, February 11, 2002Churchill Downs vice president and racing secretary Jerry Botts died on New Year's Day following a brief illness. Botts, 54, died early Tuesday afternoon at Norton Hospital in Louisville, Ky.
Tuesday, January 01, 2002A decrease in Churchill Downs' third quarter earnings has been attributed to an increase in outstanding shares and the aftermath of Sept. 11's terrorist attacks.
Wednesday, October 24, 2001Centaur Racing is making a second attempt within a year to increase its stake in Hoosier Park. The company must first shed a moratorium it incurred during its last effort to buy a greater share of the Anderson, Ind., racetrack.
Wednesday, October 17, 2001The Churchill Downs Inc. board of directors on Thursday endorsed a comprehensive plan to rebuild and modernize the company's flagship racetrack in Louisville, Ky. The racetrack's $127-million, two-phase master plan outlines the most sweeping changes at the historic facility in more than a century.
Thursday, September 27, 2001Carl Pollard, the owner of Hermitage Farm and Churchill Downs board member since 1985, will replace William S. Farish as chairman of the Louisville, Ky., racing conglomerate. Also on Tuesday, Churchill reported record second quarter results.
Monday, July 23, 2001If Lane's End Farm owner Will Farish is confirmed next week as the next U.S. Ambassador to Great Britain, it will take Churchill Downs two or three weeks to replace him as chairman of the board.
Thursday, June 21, 2001Churchill Downs reported Tuesday that first quarter revenues rose 22 percent to $31.7 million, compared with $25.9 million for the same period last year. The company reported a net loss of $11.0 million, or 84 cents per share on 13.0 million average shares outstanding, compared with a net loss of $8.8 million, or 89 cents per share on 9.9 million average shares outstanding, in the first quarter of 2000. Weakness in the economy has affected the simulcasting handle, but improvements in the Churchill Downs Simulcasting Network's marketing and presentation could offset the losses.
Tuesday, May 08, 2001In an April 17 letter to Hialeah chairman John Brunetti, Tom Meeker, president and chief executive officer of Churchill Downs Inc., flatly denied allegations of collusion with Magna Entertainment Corp. in their filings for 2002 racing dates for their Florida properties. Churchill Downs owns Calder Race Course, and Magna Entertainment owns Gulfstream Park.
Thursday, April 19, 2001Churchill Downs Inc. ended weeks of speculation Tuesday when it confirmed it has joined the New York Racing Association and the TV Games Network in a bid to purchase New York City Off-Track Betting Corp. The company has withdrawn the bid it previously submitted on its own behalf to the New York City Development Corp., which is overseeing the possible sale of New York City OTB.
Tuesday, March 27, 2001Churchill Downs Incorporated reported Tuesday that it had record revenues and earnings for the year ended December 31, 2000. Net revenues for the year totaled $362.0 million, a 40 percent increase over $258.4 million in 1999. Net earnings were $19.2 million, a 28 percent increase over $15.0 million last year. Earnings per share for the year were $1.75, compared with $1.72 in 1999.
Tuesday, February 27, 2001A Sunday evening meeting between Magna chairman Frank Stronach and members of the National Thoroughbred Racing Association board of directors was called "constructive" and could lead to a resolution within two weeks, officials said in a joint statement released Monday. Magna's seven racetracks were among the 22 that defected from the NTRA in late October. "There was give and take on a number of topics," the statement said. "We did not agree on every issue, but...the participants confirmed their strong mutual commitment to advancing the interests of horseracing. We are optimistic about the prospects of working together in the future with Magna's racetracks as members of the NTRA."
Monday, January 08, 2001No 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.
Wednesday, December 06, 2000The head of Churchill Downs Inc., also an NTRA board member, has spearheaded the talks between the organization and the 22 racetracks that said they wouldn't renew their memberships.
Friday, December 01, 2000Following a four-hour meeting Thursday with representatives of racetracks that have announced plans to defect from the National Thoroughbred Racing Association, Churchill Downs president and chief executive officer Tom Meeker said he was "encouraged."
Friday, November 10, 2000The Illinois Racing Board Tuesday gave unanimous approval to plans for a merger that will make Churchill Downs Inc. the sole owner of Arlington International Racecourse.
Tuesday, August 29, 2000Churchill Downs reported Wednesday that net revenues increased 57% to $131.9 million and net earnings rose 34% to $18.3 million during the second quarter of fiscal year 2000.
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