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.
Former Hollywood Park president Rick Baedeker has been unanimously selected as the executive director of the California Horse Racing Board, commission chairman Chuck Winner announced Jan. 16.
Citing an overall decline in wagering, Fair Grounds Race Course & Slots has canceled four stakes and cut purses for a dozen others, including the Fair Grounds Oaks (gr. II), which went from $500,000 to $400,000.
Gulfstream Park and Calder Casino & Race Course have sent the Florida Division of Pari-Mutuel Wagering preliminary dates filings that would result in another 12 months of head-to-head weekend racing starting in July 2014.
The American Gaming Association announced Dec. 17 that Churchill Downs Inc. will join about 13 other top gaming industry companies on the AGA board of directors.
Gulfstream Park had all-sources handle six times greater than Calder Casino and Race Course during the Dec. 6-8 weekend.
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.
Churchill Downs Inc. has received approval for up to $1 million in Kentucky state tax incentives for a possible expansion at its Louisville, Ky., headquarters related to the company's online gambling business.
A record Kentucky Derby Presented by Yum! Brands (gr. I) week in terms of revenue helped Churchill Downs Inc. to a record-breaking second quarter in 2013.
The first weekend showdown between Calder Casino & Race Course and Gulfstream Park had both tracks claiming some wagering success.
Gulfstream Park had all-sources handle of $3.3 million for eight races July 4, its best total during the first three days of its first season of summer racing.
Gulfstream Park began its first summer meet July 1. Most of the horses shipped from Calder for the card will not be welcome back.
Agreement is expected for Gulfstream Park to take over part of Calder's operations and assume a large number of Calder's race dates starting in July 2013.
Though Calder Casino & Race Course can't export its signal outside of Florida, the Florida HBPA indicated it doesn't expect other horsemen's groups to immediately pull their consent for signals to be sent to Calder.
The legislation authorizes slots at the racetracks and five new casinos.
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.
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.
A New York regulatory panel has approved a new 10-year tote contract between the New York Racing Association and AmTote International. NYRA had been aligned with Churchill Downs Inc.'s United Tote.
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.
The Illinois Thoroughbred Horsemen's Association believes recent overtures by Arlington Park to the Illinois Thoroughbred Breeders and Owners Foundation may be an end-around on proposed Internet gaming legislation.
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.
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'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 Inc. reports strong early interest in premium seating, including the Mansion, for Kentucky Derby Presented by Yum! Brands (gr. I) and Kentucky Oaks (gr. I) weekend.
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.
The Ohio State Racing Commission put racetrack casino developers on notice Jan. 10 when, at a hearing, members expressed strong displeasure with the racing aspects of the proposed Miami Valley Gaming and Racing facility.
In a lawsuit filed last month, Arlington Park contends the Illinois Racing Board acted improperly when it seized 18 simulcast host days and awarded them to rival Hawthorne Race Course.
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.
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 Downs Inc. hopes to improve returns for its already successful online segment while drawing new customers to pari-mutuel wagering with its new on-line wagering site Luckity.com.
Churchill Downs Inc. announced Oct. 19 that Senior Vice President of Racing Donnie Richardson will leave the company at the end of the year.
James E. "Ted" Gay has been named president of Churchill Downs Interactive, Churchill Downs Inc. officials announced Oct. 8.
A plan to start charging rent for stalls during the non-racing season at Calder is leading to concerns among horsemen that some owners might permanently ship horses out of Florida and that some smaller stables could close.
- By Tom LaMarra
Racetracks are beginning to implement mobile wagering at their facilities with positive results, but officials said Oct. 3 they don't expect it to chase away tote machines and advance deposit wagering systems.
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.
Recent action by the Texas Racing Commission to enforce its ban on Internet and telephone wagering has resulted in a lawsuit filed by Churchill Downs Inc. and TwinSpires.com.
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.
- By Tom LaMarra
Bill Thomason, who took over as president and chief executive officer at Keeneland Sept. 1, has been named to the National Thoroughbred Racing Association board of directors.
Customers continue to receive letters from TwinSpires.com informing them of an early August security breach that allowed access to basic personal information.
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.
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.
Miami Valley Gaming & Racing, a joint venture of Delaware North Gaming & Entertainment and Churchill Downs Inc., announced plans July 26 to relocate harness track Lebanon Raceway in Ohio and install VLTs at the new facility.
Two executives with Churchill Downs indicated June 14 there is a good possibility the track will drop a controversial policy requiring a non-refundable $50 fee for those wanting tickets to the Kentucky Derby.
The Florida Horsemen's Benevolent and Protective Association is asking Calder Casino & Race Course to call off a plan to charge grooms and hot walkers rent to live in rooms in the track's barn area.
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.
Churchill Downs Inc. reported record total wagering for the 138th Kentucky Oaks (gr. I) day program of $39.9 million.
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.
Churchill Downs Inc reported 19% growth in revenue for 2011 due largely to a Mississippi casino and online wagering.
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