Calder Royale - By Eric Mitchell
Racing against Gulfstream not a big issue provided slots keep spinning. read blog
Cdi
News, Articles, Videos and other content about Cdi
Promotional Allowances Soar at CDI Properties
Churchill Downs Inc. reported that the retail value of "promotional allowances"--complimentary goods and services offered customers--totaled $33 million in 2013, up from $21.5 million the previous year.
KY Gaming Effort Gets Social Media Boost
Executives with Churchill Downs Inc. said Feb. 27 they are still actively pursuing casino gaming legislation and that their efforts are getting a boost from social media.
Derby and Oaks Bright Spots for Churchill
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.
CDI Reports 13% Increase in Net Revenues
Churchill Downs Inc. on Oct. 30 reported net revenues for the third quarter increased 13%, or $20.8 million, to $185.6 million from $164.9 million, during the same period of the prior year.
TwinSpires.com Suspends Taking Bets in Texas
TwinSpires.com announced that it is suspending wagering activity from Texas residents effective Sept. 25, following the dismissal of a federal lawsuit in which it challenged that state's ban on Internet gambling.
Calder's Share of Host-Track Market Declines
Two recent reports show that Tampa Bay Downs and Gulfstream Park are making big inroads into Florida's lucrative host-track simulcast market., while host revenue for Calder fell by $5.1 million in this year's second quarter
CDI Promotes Miller to Senior VP of Gaming
Austin Miller has been promoted to senior vice president of gaming operations, Churchill Downs Incorporated announced Aug. 8.
Summer Showdown Contest Begins with Carryover
TwinSpires.com's summer handicapping contest is offering $1,500 daily to anyone who places consecutive winning $10 show bets for an entire card. If no one succeeds, the payout rolls over to the next day.
Rumor That Stronach is Buying Calder Denied
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.
CDI Quarterly Net Revenues Increased
Churchill Downs Inc. reported net revenues from continuing operations for the first quarter of 2013 increased 7% to $148.1 million from $138.2 million during the same period a year ago.
TwinSpires Launches Derby Bankroll Contest
TwinSpires.com, the official advance deposit wagering service for Churchill Downs Incorporated, is giving 150 players a chance to win a $500 betting bankroll for Kentucky Derby Day.
Churchill Adds Maine Casino to Portfolio
Churchill Downs Inc. announced it has entered into a definitive purchase agreement to acquire Oxford Casino in Oxford, Maine, for total consideration of approximately $160 million to be paid in cash.
OH Racetrack Developers Put Through Ringer
Companies that plan to construct new racetrack gaming facilities in Ohio have been summoned to appear before the Ohio State Racing Commission for a third time March 27.
Churchill Monitors Online Gaming Landscape
Churchill's experience in operating an ADW and working with state regulators could prove useful as it attempts to expand its Internet gambling operations.
Churchill Downs Reports Record Net Revenues
Bolstered by strong numbers during Kentucky Derby week, strength in its online wagering business, and acquisition of a new casino, Churchill Downs Inc. reported record $732.4 million in net revenues in 2012.
Churchill Accelerates Dividend Payment
Churchill Downs is among the growing number of publicly traded companies that have accelerated payment of dividends to get ahead of probable increased tax rates next year.
OH County Approves Racetrack Casino Plans
The Warren County, Ohio, government Nov. 13 approved plans by Churchill Downs Inc. and Delaware North to build a racetrack casino that would replace Lebanon Raceway.
CDI Says It's Poised for Growth in 2013
Churchill Downs Inc. officials said Nov. 6 the company had a "decent" third quarter in 2012 and is poised for growth in 2013-14.
Churchill VP of Racing Richardson Leaving
Churchill Downs Inc. announced Oct. 19 that Senior Vice President of Racing Donnie Richardson will leave the company at the end of the year.
Churchill to Acquire Riverwalk Casino, Hotel
Churchill Downs Incorporated has agreed to acquire Riverwalk Casino and Hotel in Vicksburg, Miss., for total consideration of approximately $141 million, to be paid in cash, the company announced Oct. 5.
Flanery Explains Derby Qualifying Changes
The decision to revise the qualifying process for the Kentucky Derby Presented by Yum! Brands (gr. I) was a track decision and was not submitted to the Churchill Downs, Inc. board for approval, president Kevin Flanery said.
Two Kentucky Tracks in Legal Dispute
Churchill Downs Inc. has filed suit against the entities that have majority ownership of Kentucky Downs, contending the defendants breached their agreement with CDI by converting debt securities into equity.
TwinSpires.com Says Breach 'Remediated'
Customers continue to receive letters from TwinSpires.com informing them of an early August security breach that allowed access to basic personal information.
Calder Begins Tropical Meet; Purses May Rise
Calder Casino & Race Course will open its annual Tropical Meet on Sept. 1, and over its 65 race days will have six graded stakes and 15 other stakes with purses of $100,000 or higher.
Churchill Increases Kentucky Downs Investment
Churchill Downs Inc. has invested at least an additional $1 million in Kentucky Downs, the track in South Central Kentucky that has reaped millions in revenues from Instant Racing machines introduced last fall.
Racing, Online Wagering Drive CDI Profits
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.
Evans: Continued Demand for Quality Racing
The success of this year's Kentucky Derby Presented by Yum! Brands (gr. I) and Kentucky Oaks (gr. I) shows there is continued demand for quality racing that combines entertainment, according to CDI chairman and CEO Bob Evans.
PNGI: Status Quo on Ohio Tracks for Now
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.
CDI Reports First-Quarter Gain in Earnings
Churchill Downs Inc. reported net earnings of $1.4 million in the first quarter of 2012, a reversal from a $3.2 million loss during the first three months of 2011.
Churchill Downs to Build 'The Mansion'
Calling it a "tease" with details to follow later, Churchill Downs Inc. chairman and CEO Robert Evans said March 13 the company plans to construct "The Mansion" at its flagship track in Louisville.
Lebanon Raceway Bought by Delaware North, CDI
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.
CDI Acquires Poker Content Firm Bluff Media
Churchill Downs Inc. has acquired the assets of Bluff Media, an Atlanta-based multimedia poker content, brand and publishing company, it was announced Feb. 10. Terms of the sale were not disclosed.
CDI, Jockeys' Guild Reach Agreement
A dispute between the Jockeys' Guild and Churchill Downs Inc. has been resolved with the racetrack operating company agreeing to a contract with the jockeys' organization.
TwinSpires Gets Short California Extension
The California Horse Racing Board agreed Dec. 15 to extend the license of account wagering firm TwinSpires.com after receiving assurance that parent company Churchill Downs Inc. would meet with the Jockeys' Guild.
CDI Fires Back on Jockeys' Guild Contract
The general counsel for Churchill Downs Inc. has issued a lengthy defense of the racetrack operating company's decision to not renew a contract with the Jockeys' Guild.
Churchill Downs Inc. Increases Dividend
Churchill Downs, Inc. announced Dec. 5 that its board of directors has approved an annual dividend of 60 cents per share, up 20% over the 50 cent per share dividend that had been awarded in recent years.
CHRB Defers ADW Licenses Over Guild Insurance
The decision by Churchill Downs Inc. to drop a longstanding insurance agreement with the Jockeys' Guild could have ramifications in California for the company's advance deposit wagering firm TwinSpires.com.
Jockeys' Guild Submits Petition to Churchill
Efforts by the Jockeys' Guild to persuade Churchill Downs Inc. to renew its contract entered another realm Nov. 14 when a petition signed by 240 jockeys was submitted to the CDI board of directors.
Guild Wants CDI to Renew Insurance Deal
The Jockeys' Guild wants Churchill Downs Inc. to come to the table to discuss reinstatement of roughly $330,000 the racing and gaming company has paid annually to support insurance for jockeys.
CDI Reports Substantial Jump in Earnings
Churchill Downs Inc. reported net earnings from continuing operations of $19.7 million for the third quarter of 2011, up significantly from $3.7 million for the third quarter of 2010.
CDI Corporate Staff Will Move in 2012
Churchill Downs Inc. said Oct. 21 it will move its corporate staff from Churchill Downs to building now under construction on the east side of Louisville, Ky., early next year.
CDI Net Revenues Rise 16%
Churchill Downs Inc., boosted by its online and gaming business segments, reported double-digit increases in the second quarter this year compared to 2010 numbers.
CDI, Stronach Group Extend HRTV Partnership
Churchill Downs Inc. and The Stronach Group have renewed their partnership in HRTV, the horse racing and equestrian-related network, through 2014.
Diversification Drives CDI's Success
Though there is no end in sight for the continued declines in North American racing, the newly elected chairman of Churchill Downs Inc. painted a positive picture for the Kentucky-based racetrack and gaming operator.
Evans: Illinois Slots a 'Two-Edged' Sword
Alternative gaming in Illinois would be good for Arlington Park but could potentially have a negative impact on Kentucky, according to the chairman of Churchill Downs Inc.
CDI Poised for Online Betting, Gaming Growth
Churchill Downs Inc. expects continued growth in its online wagering business, and with a little help from the Illinois governor, expansion of its gaming operations.
Casino, Online Businesses Boost CDI Numbers
With racing operations continuing to show losses at Churchill Downs Inc., company CEO Bob Evans said May 9 that it would be hard for CDI to justify capital expenditures on racetracks, except in special cases.
Derby Week Boosts Churchill's Earnings
The night-time opening card of the spring meet and the success of Kentucky Derby week at Churchill Downs will likely result in a contribution of between $5-6 million in pre-tax earnings to the company's bottom line for 2011.
CDI Reinforces Safety for Upcoming Meets
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.
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