Eric Mitchell

Eric Mitchell has worked at Blood-Horse since Oct. 1999, joining the staff originally as a business writer. He has been editorial director/editor-in-chief since Dec. 2009.

Scientific Games Posts Positive First Quarter

Scientific Games reported $5.4 million, a gain of 10 cents per common share, in net income for the three month period ending March 31. For the same period a year ago, the company reported a net income of $4.1 million or a loss of 10 cents per share.

Youbet.com Shake-up Continues as Hermann Resigns

Youbet.com announced the resignation of Phillip Hermann as chief financial officer at the same it welcomed Guy Chipparoni to its board of directors. Hermann is the fifth officer and/or director to leave Youbet.com since November.

Price Set for Magna Stock Offering, Stock Jumps

An offering of 20 million shares of Magna Entertainment (Nasdaq:MIEC) was priced at $6.65 Thursday through underwriters Bear Stearns. The update on the offering caused the company's stock to rise as much as 13.4 percent during trading on Friday.

San Bernardino May Set Up Gonzalez Daily Double

Trainer Paco Gonzalez hopes to set the stage for his own daily double Saturday at Santa Anita Park. He'll start by winning the $200,000 San Bernardino Handicap (gr. II) with Bosque Redondo, then two races later cap off his day by taking the Santa Anita Derby (gr. I) with probable favorite Came Home.

MTR Gaming Reports Strong Fourth Quarter, Year-End Results

MTR Gaming Group, owner of Mountaineer Park, reported double digit increases in revenue, net income, and earnings for the fourth quarter and 2001. The West Virginia company (Nasdaq:MNTG) also reported decreases in earnings per share for the quarter and for the year.

Stock Plunges for TVG's Parent Company

Gemstar-TV Guide stock plummeted Tuesday morning on the heels of poor fourth quarter and year-end results. As of 3 p.m., the parent company of the TV Games horse racing network was down $4.21 to $17.52, a drop of 19.4%.

Management Shakeup at Youbet.com

Youbet.com co-founder David Marshall is investing $750,000 in the online pari-mutuel wagering service and assuming the positions of chairman and chief executive officer.

Churchill Stock Continues to Rally, MTR Gaming Slips

The approval of electronic pull-tabs in Indiana and the introduction of video lottery legislation in Kentucky pushed Churchill Downs stock up $1.80 to $41.80 per share Tuesday. On the flip side, MTR Gaming was downgraded by a major investment bank and its stock dropped 8.8%

Matthews' Appeal Denied

A federal appellate court has upheld Gary Matthews' conviction for participating in a scheme to defraud a Houston bank out of $65 million. The former chief financial officer for Calumet Farm will be required to serve his entire 21-month prison sentence.

Churchill Downs Stock Jumps 9% on Monday

Churchill Downs stock rallied Monday, rising $3.22 on heavy trading. What drove the increase can only be speculated, but it came the day before Indiana legislators are to vote on a bill that expands gambling at racetracks and riverboats, and video lottery legislation is to be introduced in Kentucky.

Lundy Appeal to be Denied, A New Hearing Already Requested

A federal appellate court indicated in mid-February it did not intend to change the status of former Calumet Farm president J.T. Lundy's conviction on charges of bribery and deceit. Lundy immediately requested another hearing before the Fifth Circuit U.S. Court of Appeals headquartered in New Orleans.

Electricity Possible Cause of Fatal Barn Fire

Electricity Possible Cause of Fatal Barn Fire

Leading New York owner Carl Lizza hoped to broaden the scope of his mostly homebred racing stable by buying a large number of yearlings in 2001. His hopes perished in a late-afternoon barn fire Feb. 23 that killed 22 horses in training at Mike O'Farrell's Ocala Stud in Florida.

Most Popular Stories