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Churchill Downs Inc reported 19% growth in revenue for 2011 due largely to a Mississippi casino and online wagering.
Monday, March 12, 2012
Social media was called the biggest opportunity for horse racing to develop new players, but it needs to be handled in a strategic manner, panelists said Dec. 8 at the University of Arizona Symposium on Racing & Gaming.
Thursday, December 08, 2011
Churchill Downs Inc. reported net earnings of $3.7 million for the third quarter of 2010, up considerably from a net loss of $1.2 million for the same period in 2009.
Thursday, November 04, 2010
Churchill Downs Inc. will terminate about 60 employees because of what it calls "redundancies" in its online betting operations.
Tuesday, October 05, 2010
The ability of Churchill Downs Inc. to expand into online wagering, casino-type gaming, and entertainment offerings at its four racetracks has enabled the company to continue to grow.
Thursday, June 17, 2010
Churchill Downs Inc. announced June 2 that it has completed its merger with Youbet.com.
Wednesday, June 02, 2010
CDI and Youbet.com extend the outside date for termination of their merger agreement, though merger still expected to close in second quarter of 2010
Tuesday, May 11, 2010Youbet.com reported a small loss for the first three months of 2010, noting there would have been a similar gain if not for $1 million in expenses tied to its impending merger with Churchill Downs Inc.
Friday, May 07, 2010
Youbet.com shareholders voted to approve a merger agreement with Churchill Downs Inc., the company announced April 6.
Wednesday, April 07, 2010
Youbet, which is being acquired by Churchill Downs Inc., for a reported $126.8 million, announced its 2009 fourth quarter and full year earnings March 11.
Thursday, March 11, 2010
When Churchill Downs Inc. released its 2009 annual report March 2, it offered a clear picture of the shift in wagering trends from racetracks to online and telephone wagering.
Wednesday, March 03, 2010
Churchill Downs Inc. has announced that the United States Justice Department has asked for more information related to its proposed $126.8-million deal to buy online rival Youbet.com.
Tuesday, January 26, 2010
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.
Friday, November 13, 2009
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.
Wednesday, November 11, 2009
Congratulations to Breeders' Cup Bracket Battles Round 1 winners. Round 2 voting is now underway. Cast your votes today and register for a chance to win weekly prizes from YouBet.com.
Friday, October 09, 2009Dawn Haden will replace Jeff True as president of United Tote, parent company Youbet.com has announced.
Tuesday, October 06, 2009BloodHorse.com has announced the return of the interactive game "Breeders' Cup Bracket Battles" presented by Youbet.com. Beginning Oct. 1, and for the five-week period leading up to this year's Breeders' Cup World Championships.
Thursday, October 01, 2009
Youbet.com reported Aug. 12 a 3% increase in revenue for the second quarter of 2009 but a 27.9% decrease in net income.
Thursday, August 13, 2009There was only one person who correctly selected the winners of all six graded stakes races for the Pick 6 on Belmont Stakes (gr. I) Day, June 6, resulting in a payout of $969,345.
Wednesday, June 10, 2009Led by strong performances from Twinspires.com and Youbet.com, collective handle for the four largest domestic advance deposit wagering platforms increased by roughly 15% in the first quarter of the year, while their overall share of the national betting pie grew by more than 2%.
Thursday, May 21, 2009
Wagering was up on several segments of the Preakness day card, according to data released May 18 by Maryland Jockey Club officials, fueled in part by the showdown between Kentucky Derby Presented By Yum! Brands (gr. I) winner Mine That Bird and Kentucky Oaks (gr. I) victress Rachel Alexandra.
Monday, May 18, 2009
Flush off a quarter in which it saw increased handle and profit, Youbet.com said May 13 it would look at possibly establishing a presence in another country in an effort to expand its wagering offerings beyond horse racing.
Wednesday, May 13, 2009A bill that would end a ban on wagering online in the United States was introduced May 6 by Democratic Rep. Barney Frank of Massachusetts.
Wednesday, May 06, 2009
Churchill Downs announced April 25 that advance-deposit wagering companies TwinSpires.com and Youbet.com, Inc. will offer the Churchill Downs signal for the racetrack's 2009 spring meet.
Saturday, April 25, 2009
Wagering on the Churchill Downs spring meet may again be restricted to customers of certain betting outlets, although negotiations appear to be ongoing to include some that are on the outside looking in.
Thursday, April 23, 2009
Youbet.com will carry the Calder Race Course signal for the live meet beginning April 24, saying the move is another building block on "continued cooperation" between parent company Churchill Downs Inc. and the advance deposit wagering entity.
Wednesday, April 22, 2009Youbet.com has signed three agreements that will enable its members to watch and wager on racing from South Africa, Sweden, additional tracks in the United Kingdom, and Puerto Rico, providing nearly 24-hour-a-day racing coverage.
Friday, March 27, 2009
Even though TVG, TwinsSpires.com, and XpressBet.com enjoyed handle growth in 2008, total wagers processed by advance deposit wagering entities through hubs in Oregon decreased for the first time this decade, though the numbers are skewed by actions related to another member of the "Big Four," Youbet.com.
Wednesday, March 18, 2009
Youbet.com reported a loss of $4.5 million for 2008, fueled by an $11.2 million fourth-quarter impairment charge for subsidiary United Tote, the company reported March 5.
Thursday, March 05, 2009Two brothers have been charged by the U.S. District Court in Nevada in connection with a U.S. Attorney's Office investigation that included the former offshore rebate shop International Racing Group.
Wednesday, February 25, 2009Here's a fact: Some domestic advance deposit wagering outlets are openly offering cash rebates to customers that wager on California racing signals.
Wednesday, February 04, 2009
The National Thoroughbred Racing Association announced Jan. 26 that Mike Ziegler has been named the executive director of the NTRA Safety and Integrity Alliance.
Monday, January 26, 2009
Youbet.com has reached an agreement to take bets on Gulfstream Park for that track's meet which begins on Jan. 3, Sam Gordon, president of the Florida Horsemen's Benevolent and Protective Association, said Dec. 30.
Wednesday, December 31, 2008
An impasse in California over fee rates for interstate advance deposit wagering that has had a negative impact on Hollywood Park's fall meet ended Nov. 21 with the announcement that one-year deals with the four licensed providers in the state have been reached.
Friday, November 21, 2008
Youbet.com said Nov. 19 it has settled several disputes with the former owners of defunct off-shore wagering entity International Racing Group, a deal which features both cash and stocks changing hands, and mentions that a federal investigation into IRG may still be active.
Thursday, November 20, 2008Members aligned on different sides of advance deposit wagering's "Big Four" reported mixed handle results in the third financial quarter amid declining national betting trends.
Friday, November 14, 2008
The signal for the Fair Grounds race meet starting Nov. 14 will be available to a wider variety of advance deposit wagering outlets, a group that does not include TVG, Churchill Downs Inc. announced Nov. 12.
Wednesday, November 12, 2008One old betting axiom -- "shut out at the window" -- has taken on a whole new meaning when paired with a relatively new one in the racing industry lexicon: "signal wars."
Wednesday, November 05, 2008
Youbet.com has named David Goldberg chief operating officer, the company announced Nov. 3.
Monday, November 03, 2008
A public equity investment firm managed by the president and chief executive officer of Youbet.com is considering several options for the online wagering and tote company, including a potential takeover, according to a recent filing with the Securities and Exchange Commission.
Monday, October 13, 2008
California horsemen and Hollywood Park reached a tentative agreement Oct. 10 that allows the track to operate its 40-day autumn race meet, but a stalemate over host fees to be paid by account wagering companies for interstate bets remains unresolved.
Friday, October 10, 2008Support for reform of the revenue model for advance deposit wagering continues to increase, but as evidenced Sept. 30 during the International Simulcast Conference, it's looking more and more like a long-term project.
Tuesday, September 30, 2008
While signal distribution at racetracks continues to be a hot topic in the horse racing industry, that doesn't appear to be the case at Hawthorne Race Course, which opens its meet Sept. 26.
Wednesday, September 24, 2008With horsemen and Hollywood Park unable to come to agreement on revenue splits from account wagering sources for the upcoming autumn meet at the Inglewood track, the California Horse Racing Board agreed to conduct a special hearing to settle the impasse.
Friday, September 19, 2008
Mike Ziegler, most recently vice president and assistant general manager at Hollywood Park, has been named senior vice president of California-based Youbet.com, the company announced Sept. 16.
Tuesday, September 16, 2008Several advance deposit wagering entities posted increased handle through the Oregon hub system in the second quarter of the year, despite an overall national decline blamed primarily on a revenue-sharing dispute between horsemen's groups and various tracks.
Tuesday, August 12, 2008
TVG, which posted partial-quarter net revenues of $8.8 million for new owner Macrovision Solutions Corp. Aug. 7, is still on the sales block. Officials with the parent company said the horse racing network has received multiple inquiries from undisclosed suitors.
Thursday, August 07, 2008
Youbet.com, during an Aug. 5 conference call in which it reported a profit for the second straight quarter, said it is evaluating the effects of a possible merger with TVG.
Tuesday, August 05, 2008
TVG and Portland Meadows have until July 21 to work out an agreement on source-market fees, or face the prospect of unspecified sanctions by the Oregon Racing Commission.
Friday, July 18, 2008
Handle jumped more than 50% in the first three days of the Ellis Park meet, which started a week late due to a disagreement over revenue sharing.
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