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.
Calder Casino & Race Course has undergone "extensive renovations" in advance of its fall meet, said lessee The Stronach Group, which has changed the name of the racing operation to Gulfstream Park West.
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.
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.
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.
South Florida neighbors Calder Casino & Race Course and Gulfstream Park are headed toward another 12 months of head-to-head weekend racing starting this July.
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.
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.
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
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.
Most Popular Stories
- Hill 'n' Dale Acquires Half Interest in Bubbler
- Industry Groups Ask for Change in Parx Oaks Ruling
- Ward Pleased With Stable's Royal Ascot Performance
- F-T Saratoga Offering 12 From Scat Daddy's Last Crop
- Arrogate Breezes at Santa Anita
- Quality Over Quantity in Fasig-Tipton Saratoga Catalog
- Irap Gets Best of Girvin in Ohio Derby
- Street Surrender, Roman Secure First Stakes Win
- Society's Chairman Continues Beating the Odds
- Arrogate Unanimous Top Choice in NTRA Poll