A dispute between the Jockeys' Guild and Churchill Downs Inc. has been resolved with the racetrack operating company agreeing to a contract with the jockeys' organization.
A study commissioned by a partnership of Kentucky horse racing interests shows that casinos at eight racetrack locations would have a first-year economic impact of $1.7 billion.
The California Horse Racing Board agreed Dec. 15 to extend the license of account wagering firm TwinSpires.com after receiving assurance that parent company Churchill Downs Inc. would meet with the Jockeys' Guild.
The Jockeys' Guild has sent letters to Gov. Steve Beshear and the Kentucky General Assembly, asking that jockeys not be forgotten when the legislature considers any changes in the laws concerning the equine industry.
A dispute between the Jockeys' Guild and Churchill Downs Inc. over a contract continued Dec. 7, with guild national general manager Terry Meyocks offering to meet with CDI representatives "any time and any place."
Churchill Downs, Inc. announced Dec. 5 that its board of directors has approved an annual dividend of 60 cents per share, up 20% over the 50 cent per share dividend that had been awarded in recent years.
Total wagering during the recently concluded 21-day fall meet at Churchill Downs fell 3.9%, with a large portion of the difference coming during the two-day Breeders' Cup World Championships.
The decision by Churchill Downs Inc. to drop a longstanding insurance agreement with the Jockeys' Guild could have ramifications in California for the company's advance deposit wagering firm TwinSpires.com.
Efforts by the Jockeys' Guild to persuade Churchill Downs Inc. to renew its contract entered another realm Nov. 14 when a petition signed by 240 jockeys was submitted to the CDI board of directors.
The Jockeys' Guild wants Churchill Downs Inc. to come to the table to discuss reinstatement of roughly $330,000 the racing and gaming company has paid annually to support insurance for jockeys.
Churchill Downs Inc. reported net earnings from continuing operations of $19.7 million for the third quarter of 2011, up significantly from $3.7 million for the third quarter of 2010.
Churchill Downs Inc. said Oct. 21 it will move its corporate staff from Churchill Downs to building now under construction on the east side of Louisville, Ky., early next year.
Churchill Downs Inc. does not plan to renew its agreement with the Jockeys' Guild when the four-year pact at the four CDI-owned tracks ends at the end of this year.
Churchill Downs Inc., boosted by its online and gaming business segments, reported double-digit increases in the second quarter this year compared to 2010 numbers.
Churchill Downs Inc. and The Stronach Group have renewed their partnership in HRTV, the horse racing and equestrian-related network, through 2014.
Regulations governing Instant Racing in Kentucky apparently will be on the books July 1, but there won't be a rush by racetracks to move forward on implementing the games.
The Churchill Downs Incorporated Foundation has unveiled 'Pony Up For Charity,' a new charitable initiative which will be offered at the next three "Downs After Dark" night racing events at the flagship track.
Though there is no end in sight for the continued declines in North American racing, the newly elected chairman of Churchill Downs Inc. painted a positive picture for the Kentucky-based racetrack and gaming operator.
Alternative gaming in Illinois would be good for Arlington Park but could potentially have a negative impact on Kentucky, according to the chairman of Churchill Downs Inc.
Churchill Downs Inc. expects continued growth in its online wagering business, and with a little help from the Illinois governor, expansion of its gaming operations.
With racing operations continuing to show losses at Churchill Downs Inc., company CEO Bob Evans said May 9 that it would be hard for CDI to justify capital expenditures on racetracks, except in special cases.
The night-time opening card of the spring meet and the success of Kentucky Derby week at Churchill Downs will likely result in a contribution of between $5-6 million in pre-tax earnings to the company's bottom line for 2011.
Churchill Downs Inc. reinforced its safety initiatives April 11 and said it plans to seek re-accreditation for its four racetracks through the National Thoroughbred Racing Association Safety and Integrity Alliance.
Churchill Downs Incorporated announced March 21 that William C. Carstanjen, currently the company's chief operating officer, has been promoted to company president, effective immediately.
The account wagering operation owned by Churchill Downs Inc. avoided losing its license to operate in California by reaching agreement with tracks in the state before a deadline expired March 18.
Churchill Downs Inc. plans to expand beyond pari-mutuel wagering should online gambling be legalized on the state or federal levels, company officials said March 15.
Churchill Downs Inc. reported net earnings from continuing operations of $19.6 million in 2010, up from $17.7 million for 2009.
- By Tom LaMarra
Churchill Downs Inc. and Daily Racing Form are at odds over the publishing company's launch of an advance deposit wagering system powered by XpressBet.com, which is owned by CDI rival MI Developments.
Legislation calling for state licensing of advance deposit wagering companies advanced March 2 as Kentucky lawmakers try to get a handle on the fast-growing operations.
Analysis: Gulfstream/Calder resolution opens door for more questions regarding the future of racing in South Florida.
Gulfstream Park and Calder Casino & Race Course have selected schedules that will have Gulfstream rather than Calder holding races through most of December 2011, with no overlap of dates.
During an event with political overtones, Churchill Downs Inc. introduced its renovated TwinSpires.com offices in Lexington Feb. 15 with a message: We'll invest in Kentucky as long as it remains horse capital of the world.
Churchill Downs, Yum! Brands announce deal Jan. 13 to extend the sponsorship agreement for five years.
Calder Casino & Race Course has gone on the offensive in southeast Florida's battle over racing dates by telling state regulators it intends to start racing year-round.
In a move that sets up a possible battle with Calder Casino & Race Course over racing dates, Gulfstream Park has told the Florida Division of Pari-Mutuel Wagering that it plans to hold racing in December 2011.
Churchill Downs Inc. has announced an annual dividend of 50 cents per share on CDI's common stock, payable Jan. 24, 2011, to stockholders of record on Dec. 31, 2010.
- By Tom LaMarra
Churchill Downs Inc. president and chief executive officer Bob Evans said Dec. 7 there are reasons to be optimistic about the future of horse racing -- but not without major changes in the way the industry does business.
Julie Koenig Loignon is returning as vice president of corporate communications for Churchill Downs Inc.
Churchill Downs Inc. reported net earnings of $3.7 million for the third quarter of 2010, up considerably from a net loss of $1.2 million for the same period in 2009.
Churchill Downs Incorporated announced Oct. 18 that Liz Harris will become vice president and executive director of the Churchill Downs Incorporated Foundation, effective Oct. 25.
Tony Petrillo has been promoted to general manager of Arlington Park.
Roy Arnold has resigned as president of Arlington Park and its OTB affiliates, Churchill Downs Inc. announced Oct. 11.
Churchill Downs Inc. will terminate about 60 employees because of what it calls "redundancies" in its online betting operations.
Churchill Downs Inc. president and chief executive officer Robert Evans will give the keynote address at the 2010 University of Arizona Symposium on Racing & Gaming.
Churchill Downs Incorporated has entered into an agreement to acquire Harlow's Casino Resort & Hotel, in Greenville, Miss., for approximately $138 million
- By Tom LaMarra
MI Developments, among the largest dues-paying members of the National Thoroughbred Racing Association, committed to the organization for the first half of 2010 and will discuss its future involvement.
A bill that would not only increase takeout on exotic wagers in California but also introduce "exchange wagering" to the state has drawn opposition within the racing industry.
Churchill Downs racetrack's move into the concert business proved to be an "expensive education," and despite an estimated $5 million loss on the HullabaLOU music festival there are plans to bring it back next year.
Boosted by growth in its gaming and online segments and this year's Kentucky Derby and Kentucky Oaks, Churchill Downs Inc. reported that net revenues rose 11% during the second quarter of 2010.
The ability of Churchill Downs Inc. to expand into online wagering, casino-type gaming, and entertainment offerings at its four racetracks has enabled the company to continue to grow.
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