Continued growth in the week leading up to the Kentucky Derby Presented by Yum! Brands (gr. I) fueled an increase in earnings for the racing segment of Churchill Downs Inc. in the second quarter of 2016.
Casino at Ocean Downs, a harness track on the Eastern Shore of Maryland, is in the process of being purchased by Churchill Downs Inc. and Saratoga Casino Holdings from Delaware Park owner William Rickman.
A computer glitch linked to United Tote resulted in more than $100,000 in bogus wagers pouring into a daily double pool in late April at Plainridge Park, a Massachusetts Standardbred track.
The Illinois Thoroughbred Horsemen's Association and Arlington International Racecourse April 29 signed a two-year contract that ensures Arlington's race meet will begin as scheduled May 6.
In advance of what it anticipates will be another successful Kentucky Derby (gr. I) week, Churchill Downs Inc. April 28 reported net income of $2.8 million for the first quarter of 2016.
With the Kentucky Derby Presented by Yum! Brands (gr. I) fast approaching, New York's off-track betting corporations and Churchill Downs Inc. have resumed negotiations to end a bitter dispute over simulcast fees.
Churchill Downs Inc. announced after the close of trading Nov. 19 that it has repurchased 944,756 shares of its common stock from The Duchossois Group Inc. in a privately negotiated transaction.
Churchill Downs Inc. reported a 19% increase in net earnings for the third quarter of 2015 compared with the same three months last year, and attributed a 61% spike in net revenue for the quarter to Big Fish Games.
Churchill Downs announced Sept. 17 that it is working in partnership with other tracks, the Grayson-Jockey Club Research Foundation, and the AAEP to fund studies of the administration of furosemide.
New York's five off-track betting corporations said they have cut ties with Churchill Downs Inc. and won't offer signals from tracks owned by the company or tracks that contract with CDI to sell their simulcast signals.
United Tote announced July 28 it has signed renewals to provide pari-mutuel wagering technology services to Keeneland and The Red Mile.
The Illinois Thoroughbred Horsemen's Association is at odds with Churchill Downs Inc. over the company's plans to reduce the number of races it offers at Arlington International Racecourse.
All-sources pari-mutuel handle on the 13-race Kentucky Derby Presented by Yum! Brands (gr. I) program May 2 totaled a record $194.3 million, up 4% from $186.6 million in 2014, Churchill Downs Inc. said.
Churchill Downs Inc., reported April 27 first-quarter results that showed net revenues of $250 million, up 50% over the same quarter of 2014, primarily due to its acquisition of Big Fish Games.
Gulfstream Park had $27,255,863 in all-sources handle March 28, breaking its Florida Derby Day record of $26,820,951 that was set March 29, 2014.
Danny Parkerson, a former Churchill Downs Racetrack general manager and Churchill Downs Inc. senior vice president, died March 13 following an illness. He was 72.
Crediting its racing, casino, and online businesses, Churchill Downs Inc. enjoyed record revenues in 2014, while also finishing the year with record revenues in the fourth quarter.
Calder and Churchill Downs Inc. still have not applied for any of the permits required to tear down barns and put up new structures, the head of the development department for the city of Miami Gardens said.
Gulfstream Park plans to build an additional 200 temporary stalls for horses that are facing eviction from the stables at neighboring Calder Casino & Race Course, officials of the Florida HBPA said.
A group of trainers with horses on the backstretch at Calder Casino & Race Course were told Jan. 2 they have to relocate their stock.
Calder Casino & Race Course reportedly is considering an extension of its Jan. 1 eviction deadline for the approximately 300 horses that remain stabled in a recently fenced-in area of its barn area.
As many in the Thoroughbred industry are aware, there is an ongoing dispute regarding stabling at the track formerly known as Calder Race Course, now operating as Gulfstream Park West.
Gulfstream Park is beginning a large and quick project to build stalls with the goal of resolving a potential "homeless horses" crisis in South Florida.
Parent company Churchill Downs Inc., preparing to redevelop parts of Calder Race Course, has started on the backside by putting up a wire fence. Trainers are saying the fence is a safety hazard and hinders access to barns.
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 announced plans for a $4.2 million capital improvement project Oct. 29 designed to upgrade accommodations for the Kentucky Derby Presented by Yum! Brands and Longines Kentucky Oaks (both gr. I).
Churchill Downs Inc. announced Oct. 28 it had signed a purchase agreement to acquire 25% interest in Saratoga Casino Holdings for approximately $30.6 million in cash.
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.
The Louisiana Racing Commission Oct. 21 ordered Fair Grounds Race Course & Slots to restore $2.7 million in purse supplements from video poker revenue for the upcoming Thoroughbred meet.
Churchill Downs Inc. is seeking to sell Fair Grounds Race Course & Slots for up to $125 million, according to a Sept. 12 report by the New Orleans Advocate.
Elizabeth Wester has been promoted to vice president of government relations for Churchill Downs Inc., and will be responsible for the development and implementation of the company's political and legislative strategies.
Churchill Downs Inc. and the Jockeys' Guild announced Aug. 11 they have reached a three-year agreement on CDI's support of the Guild and its member jockeys. Terms of the agreement were not disclosed.
Churchill Downs Inc. reported July 30 that the track and casino company had record second quarter net revenues of $303.7 million, up 7% over the $283.6 million figure for the same period a year ago.
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.
John Marshall, Calder's top racing official since 2009, has taken another management job with parent company Churchill Downs Inc.
Details are emerging on the jobs that will be lost at Calder Casino & Race Course as a result of the lease of its racing operations to South Florida neighbor Gulfstream Park.
A new era of South Florida Thoroughbred racing begins July 4 with Gulfstream Park and its parent The Stronach Group in control and feeling a new sense of independence.
Churchill Downs closed its 38-day spring meeting June 29, with average field size showing a decline and average daily purses decreasing slightly from the same meet in 2013.
Gulfstream Park in early July plans to run most if not all of the seven Summit of Speed sprint stakes that been scheduled for July 5 at neighboring Calder Casino & Race Course.
As part of agreement to have The Stronach Group take over racing operations at Calder Casino & Race Course, CDI announced May 28 that it will walk away from its involvement in HRTV as TSG will become sole owner.
A plan that would end the head-to-head weekend racing between Gulfstream Park and Calder Race Course remained under review by the tracks and by the Florida Horsemen's Benevolent and Protective Association as of May 12.
An official with Fair Grounds Race Course & Slots assured Louisiana lawmakers May 6 that owner Churchill Downs Inc. will make the improvements required under a conditional license it received from state racing commission.
The Louisiana State Racing Commission April 29 granted a one-year conditional license to Churchill Downs Inc. for Fair Grounds. The company must provide a list of improvements to be made in the next 60 days.
Gulfstream Park asked Florida horsemen April 28 to review a plan for Gulfstream to lease the racing operations of Calder and end the head-to-head weekend racing at the Miami area tracks.
Churchill Downs April 25 re-emphasized its annual enhanced security measures for horses competing in the Kentucky Derby and the ongoing safety and integrity measures included in its "Safety from Start to Finish" program.
Churchill Downs Inc., which spent $600,000 in the first quarter of this year on another failed bid for casino gambling in Kentucky, believes the next opportunity to makes its case will come in 2016.
Gulfstream Park and Calder Casino & Race Course reportedly are close to an agreement under which Gulfstream would lease Calder's racing operations and the two tracks would stop their head to head weekend racing.
The Louisiana State Racing Commission has scheduled a special meeting for May 1 to consider the license Churchill Downs Inc. holds to operate Fair Grounds Race Course & Slots and a ring of OTB parlors with video poker.
Racing against Gulfstream not a big issue provided slots keep spinning. read blog
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.
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