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.
Delaware North Companies Gaming & Entertainment and Churchill Downs Inc. announced March 1 their joint venture to purchase Lebanon Raceway in Lebanon, Ohio, and develop a new video lottery terminal facility.
TwinSpires.com, Churchill Downs Incorporated's advanced deposit wagering network, has launched the "Triple Crown Showdown" contest for its customers during the Triple Crown season.
Churchill Downs Inc. has acquired the assets of Bluff Media, an Atlanta-based multimedia poker content, brand and publishing company, it was announced Feb. 10. Terms of the sale were not disclosed.
On the heels of signing a contract with Churchill Downs Inc. that ended a protracted stalemate, the Jockeys' Guild is preparing to launch an initiative to get other tracks to enter into agreements with the organization.
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.
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