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CDI to Terminate About 60 Online Employees

CDI to Terminate About 60 Online Employees

Churchill Downs Inc. will terminate about 60 employees because of what it calls "redundancies" in its online betting operations.

 Tuesday, October 05, 2010
Youbet 'Resolves' Part in IRG Inquiry

Youbet 'Resolves' Part in IRG Inquiry

Youbet.com said March 18 it had resolved its part in a federal investigation into its former International Racing Group subsidiary, and will not be charged in return for continued cooperation with officials.

 Tuesday, March 18, 2008
IRG: Some Customers Being Paid

IRG: Some Customers Being Paid

A spokesman affiliated with Youbet.com says certain customers of subsidiary International Racing Group have received funds owed by the off-shore rebate shop, which is part of an investigation being conducted by the federal government.

 Wednesday, January 02, 2008

Fraud Allegations Latest Setback for New York Track

A group of Vernon Downs shareholders filed a lawsuit Nov. 20 seeking to gain control of the upstate New York Standardbred track from Las Vegas investor Shawn Scott.

 Friday, November 21, 2003

Magna Reports Two Tracks Operating at Loss

In a Jan. 31 report filed with the U.S. Securities and Exchange Commission, Magna Entertainment said two of its racetracks have experienced operating losses over the past two years, and the impact will be assessed when the company releases its 2002 financial statement.

 Tuesday, February 04, 2003

Gemstar Says It Received Notice of Delisting

California-based Gemstar said it received notice from Nasdaq that it faces delisting because it hadn't filed its most recent quarterly report with the U.S. Securities and Exchange Commission, Reuters news service reported.

 Tuesday, August 27, 2002