Churchill Downs Inc. officials said Thursday, Feb. 26, they aim to build on last year's highly profitable Kentucky Derby week but acknowledged they see little opportunity for racing growth outside of that week.
Churchill Downs Inc. and Big Fish Games, one of the largest producers and distributors of mobile and online games, said Nov. 12 they have entered into a merger agreement under which CDI will acquire all of Big Fish's stock.
Churchill Downs Inc. reported Oct. 29 record adjusted earnings for the third quarter for the racetrack and casino owner. Third quarter adjusted earnings (EBITDA) reached $32.2 million, up 1% from last year's third quarter.
Churchill Downs Inc. announced Oct. 28 an annual dividend of $1 per outstanding share, a 15% increase over prior year, on CDI's common stock, payable Jan. 7, 2015, to shareholders of record Dec. 5, 2014.
Churchill Downs is finalizing a five-year contract to manage the Saratoga Casino and Raceway and another casino in Colorado owned by Saratoga Harness Racing Inc. CDI is pursuing a 25% equity stake in Saratoga Harness Racing.
Once again, the success of the Kentucky Derby Presented by Yum! Brands and Longines Kentucky Oaks were the rare brights spots within the racing sector when Churchill Downs Inc. reported record revenues for 2013.
Gulfstream Park officials said April 25 that there is no truth to rumors that its parent The Stronach Group has reached an agreement to buy Calder Casino & Race Course from its parent Churchill Downs Inc.
Miami Valley Gaming & Racing, a joint venture of Delaware North Companies Gaming & Entertainment and Churchill Downs Incorporated, has completed its purchase of the harness racing assets held by Lebanon Raceway in Ohio.
Due primarily to increased business Kentucky Derby week and continued growth at TwinSpires.com, Churchill Downs Inc. reported an 8% increase in net revenues from continuing operations for the second quarter of 2012.
Penn National Gaming Inc., which owns two racetracks in Ohio, said it will run full live racing schedules at both tracks for the rest of this year and possibly next year depending on resolution of a legal challenge.
Delaware North Companies Gaming & Entertainment and Churchill Downs Inc. announced March 1 their joint venture to purchase Lebanon Raceway in Lebanon, Ohio, and develop a new video lottery terminal facility.
Churchill Downs Inc. reinforced its safety initiatives April 11 and said it plans to seek re-accreditation for its four racetracks through the National Thoroughbred Racing Association Safety and Integrity Alliance.