Churchill Deals Into Jersey; TVG Parent Eyes FanDuel
Churchill makes deal with Golden Nugget New Jersey; Paddy Power Betfair considering purchase of FanDuel.
Keyword: CDI
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CDI Donates $25,000 to San Luis Rey Relief Efforts
Churchill Downs Incorporated announced Jan. 23 that it has made a donation of $25,000 to California Thoroughbred Horsemen's Foundation (CTHF) to distribute to victims of the San Luis Rey Downs fire.
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In Nearly $1 Billion Deal, Churchill Sells Big Fish
Just more than three years after purchasing Big Fish Games, Churchill Downs Inc. has opted to sell its mobile gaming subsidiary for nearly $1 billion and says it will focus its energy on Thoroughbred racing and casino gaming.
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Churchill Buying Property Near its Louisville Track
Churchill Downs Inc. has bought property surrounding Churchill Downs racetrack at an unprecedented pace recently, a Louisville television station's website reported May 7.
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CDI, JRA Team for 'Japan Road to KY Derby'
Churchill Downs Inc. has teamed with the Japan Racing Association to create a series of races in Japan that could annually produce a starter in the Kentucky Derby Presented by Yum! Brands (gr. I).
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CDI Reports 27% Increase in Net Income
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.
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CDI Eyes Maryland Presence With Ocean Downs
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.
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Phantom Dollars Flood Track's Double Pool
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.
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Arlington, Illinois THA Ink Two-Year Contract
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.
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CDI Reports Productive First Quarter
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.
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NY OTBs, CDI Resume Rocky Simulcast Talks
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.
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CDI Repurchases 944,756 Duchossois Shares
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.
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CDI Reports Increase in Earnings, Revenue
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.
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Churchill, Grayson-JC Fund Lasix Studies
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.
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New York OTBs, CDI at Odds Over Host Fees
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.
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United Tote Renews With Keeneland, Red Mile
United Tote announced July 28 it has signed renewals to provide pari-mutuel wagering technology services to Keeneland and The Red Mile.
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Horsemen Oppose Reduction in Arlington Races
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.
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CDI Reports Record $194.3M in Derby Day Bets
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.
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Churchill Releases First Quarter Earnings
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.
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FL Derby Day Sets Handle Record
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.
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Former Churchill Downs GM Parkerson Dies
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.
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Record Revenues for Churchill Downs in 2014
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.
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No Movement on Plans for Calder Barn Area
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.
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Gulfstream to Build More Temporary Stalls
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.
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Calder Horsemen Have One Day to Vacate
A group of trainers with horses on the backstretch at Calder Casino & Race Course were told Jan. 2 they have to relocate their stock.
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Horses Not Evicted From Calder Just Yet
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.
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Commentary: 600 Horses With No Place to Live
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.
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Gulfstream Builds Stalls for Displaced Horses
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.
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New Calder Backside Fence Stirs Controversy
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.
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CDI, Gaming Distributor Announce Merger
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.
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Churchill to Add Owner Suites for Derby, Oaks
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).
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Churchill and Saratoga Harness Formalize Deal
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.
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Churchill Increases Dividend to $1
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.
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Fair Grounds Ordered to Restore Purse Funds
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.
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Report: CDI Looking to Sell Fair Grounds
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.
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Wester Named CDI VP of Government Relations
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.
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CDI Tracks, Jockeys' Guild Reach Agreement
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.
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CDI Reports Record Second Quarter Revenues
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.
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CDI Gets 5-Year Contract with Saratoga Casino
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.
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Calder's Top Racing Official to Stay With CDI
John Marshall, Calder's top racing official since 2009, has taken another management job with parent company Churchill Downs Inc.
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Calder Layoffs Coming as Result of Lease Deal
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.
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Ritvo Details Gulfstream Plans
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.
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Churchill Spring Meet Purses, Fields Decline
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.
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Gulfstream to Add Summit of Speed Stakes
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.
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In Florida Deal, CDI Also Moves on From HRTV
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.
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Slots Revenue Issue in Gulfstream-Calder Plan
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.
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LA Lawmakers Blast CDI But Defer Bill Action
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.
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Louisiana Grants One-Year License to CDI
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.
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FHBPA Asked to Review Gulfstream-Calder Plan
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.
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Churchill Outlines Equine Security Protocols
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.
