After a record-breaking first quarter for Churchill Downs Inc., company officials expect more good news as one executive predicts record revenues from Kentucky Derby Presented by Yum! Brands (gr. I) week.
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.
Fair Grounds Race Course & Slots has announced a 10% increase in overnight purses, effective March 7, for the remainder of its 143rd Thoroughbred racing season that concludes March 29.
- By Blood-Horse Staff
- Racing, Triple Crown, Midwest Region, Southeast Region, Southwest Region, Kentucky
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.
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.
Richard Duchossois, chairman and CEO of Arlington International Racecourse, was honored by his alma mater, Washington and Lee University, Feb. 6 in Lexington, Va.
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.
Churchill Downs Inc. announced Jan. 16 that Mike Ziegler has been named to its new post of executive director of racing. Ziegler will assume his position Jan. 26 and will report directly to CDI president Bill Mudd.
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.
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.
Churchill Downs Inc. has completed the previously announced acquisition of Big Fish Games (Big Fish), one of the world's largest producers and distributors of mobile and online games.
Former Calder Casino & Race Course racing secretary Mike Anifantis will join Hialeah Park next month as assistant racing secretary for its upcoming Quarter Horse meet.
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.
If this fall's Gulfstream Park West meet was an election, Gulfstream Park and its parent, The Stronach Group, might already be able to declare victory.
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 it had signed a purchase agreement to acquire 25% interest in Saratoga Casino Holdings for approximately $30.6 million in cash.
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.
Despite an increase in racing days during the first six months of this year, total pari-mutuel handle at Churchill Downs, Inc.-owned tracks fell 9.7%, from $1.06 billion in 2013, to $958.3 million.
Churchill Downs Inc. on July 31 became the 24th racetrack entity in the United States to commit to making a contribution to the Racing Medication and Testing Consortium.
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.
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.
A deal allowing The Stronach Group, owner of Gulfstream Park, to run racing operations at Calder Casino & Race Course is official.
A report that Calder Casino & Race Course is preparing to close its poker room could be an indication that Calder and South Florida neighbor Gulfstream Park will soon receive state approval for their deal on racing dates.
Gulfstream Park and Calder Casino & Race Course are heading into the June 27-29 weekend they hoped would be their last with head-to-head racing, and it appears both will continue racing through at least early July.
Gulfstream Park has released its stakes schedule for July through early October, including seven races that are substitutes for stakes that had been scheduled for Calder Casino & Race Course's Summit of Speed on July 5.
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.
Optimism was evident May 28 as the board of directors of the New York Racing Association heard Chris Kay, president and CEO, detail several improvements customers can expect on what could be an historic Belmont Stakes day.
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.
Churchill Downs Inc. officials told Louisiana lawmakers May 13 the company will reinvest in Fair Grounds, thus staving off legislation that would have forced a portion of the track's annual slots revenue to track improvements
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.
Churchill Downs reported a 1.08% increase in all-sources wagering for this year's Kentucky Derby (gr. I) program May 3, but an overall 1.81% decrease in total pari-mutuel handle for the six days that make up Derby week.
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 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.
Churchill Downs Inc. reported April 23 that the racetrack and gaming company's revenues increased $19.4 million to total a record $167.3 million during the first three months of 2014.
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.
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.
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.
The clock is ticking toward the final day for Gulfstream Park and Calder Casino & Race Course to reach an agreement that would prevent another bruising 12 months of head-to-head racing.
With continued success in its gaming and online operations and the Kentucky Derby presented by Yum! Brands (gr. I) week, along with a steady year in racing, Churchill Downs Inc. reports record net revenues in 2013.
NBC and Churchill Downs have reached agreement on a 10-year contract extension that will keep the Kentucky Derby and Kentucky Oaks on the NBC family of networks and platforms through 2025.
TwinSpires.com, the official advance deposit wagering service for the Kentucky Derby Presented by Yum! Brands (gr. I), is offering its players an opportunity to win $1 million by betting Kentucky Derby qualifying races.
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