Churchill Downs Inc

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Calder Slots Deal Signed by CDI, FTBOA

Churchill Downs Inc. and the Florida Thoroughbred Breeders and Owners Association announced on Sept. 10 that they have reached an agreement on a contract for future slot machine revenue at CDI-owned Calder Race Course.

Churchill Makes Deep Cut in Fall Stakes

Churchill Makes Deep Cut in Fall Stakes

Blaming a decline in purse money earned earned from wagering sources during its 2008 spring meet, Churchill Downs Racetrack has slashed its stakes program for the upcoming fall meet by $975,000 through purse reductions in 11 stakes races and the elimination of two others.

MEC Working With THG on Pricing Model

MEC Working With THG on Pricing Model

Magna Entertainment Corp., in a statement issued the evening of Aug. 28, acknowledged it is having discussions with the Thoroughbred Horsemen's Group on what company chairman Frank Stronach called "a new framework" for pari-mutuel economics.

State Grants Calder Additional Dark Days

Calder Race Course got state permission to run four days a week instead of five for an 11-week period beginning Sept. 1. The South Florida track has lost horses due to reduced purses that were caused by a lingering dispute over simulcast signal distribution.

'Realities' Force Calder Date Cuts

'Realities' Force Calder Date Cuts

Calder Race Course has asked the Florida Division of Pari-Mutuel Wagering for permission to hold live racing four days a week, rather than five, during 11 weeks beginning Sept. 1.

Mudd Appointed to Equibase Committee

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William "Bill" Mudd, executive vice president and chief financial officer of Churchill Downs Inc., has been appointed by the Thoroughbred Racing Associations of North America to the Equibase Company Management Committee, it was announced Aug. 14 by Equibase chairman Alan Marzelli.

Eight Belles to Be Interred at Museum

Eight Belles to Be Interred at Museum

Eight Belles, who finished second in the Kentucky Derby Presented by Yum! Brands (gr. I) but suffered a catastrophic injury moments after the race, will be honored by Churchill Downs Inc. through a series of charitable contributions and initiatives, including the interment of her remains at the Kentucky Derby Museum.

MEC, THG Talking But No Deal in Sight

MEC, THG Talking But No Deal in Sight

Officials with Magna Entertainment Corp. and the Thoroughbred Horsemen's Group have met twice recently to discuss the ongoing conflict over revenue splits for advance deposit wagering, though the sides aren't close to striking a deal.

Stakes Purses to be Trimmed at Calder

Stakes Purses to be Trimmed at Calder

Calder Race Course announced May 9 that it will cut purses for eight upcoming stakes races, including the July 12 Summit of Speed card, blaming a continuing dispute with the Florida horsemen's association.

Purse Cuts Planned at CDI-Owned Tracks

Purse Cuts Planned at CDI-Owned Tracks

A Churchill Downs Inc. official said May 7 purses at Churchill Downs in Louisville, Ky., could be cut the week of May 11, while Calder Race Course in South Florida could face another reduction in purses.

Evans: Internet and ADW Key to Growth

Evans: Internet and ADW Key to Growth

Churchill Downs Inc. has invested $100 million in advance deposit wagering for a reason: The company believes it's the major growth channel for pari-mutuel wagering, as well as a means to drive traffic to the racetrack, CDI president and chief executive officer Bob Evans said.

CDI Files Suit Against THG, FHBPA

 CDI Files Suit Against THG, FHBPA

Churchill Downs Inc. filed a lawsuit April 24 asking a federal court to dissolve the Thoroughbred Horsemen's Group. In a suit filed in U.S. District Court for the Western District of Kentucky, CDI, CDI-owned Calder Race Course, and Churchill Downs Technology Initiatives Co. also are seeking an injunction to prevent the THG and the Florida Horsemen's Benevolent and Protective Association from "agreeing on uniform terms for the sale of signals, boycotting racetracks and ADW operators that do not comply with their demands."

Calder: Purse Cuts Are FHBPA's Fault

Calder: Purse Cuts Are FHBPA's Fault

Calder Race Course announced April 21 due to the Florida Horsemen's Benevolent and Protective Association's refusal to approve the distribution of Calder races to out-of-state wagering outlets, including advance deposit wagering companies, the racetrack has been forced to cut purses by 30%, effective April 27. The purse reductions will affect a variety of race conditions, including stakes races.

No Deal Yet Between Calder, Horsemen

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No Deal Yet Between Calder, Horsemen

Florida horsemen and officials at Calder Race Course and parent company Churchill Downs Inc. met April 14 but did not agree on contracts for the Calder meet that begins April 21.

Slots Splits Slow Calder Contract Talks

Slots Splits Slow Calder Contract Talks

As Calder Race Course prepares to open its 2008 meet April 21, the question of how to divide any future slot-machine revenue is holding up contract talks between the Miami Gardens, Fla., track and the Florida Horsemen's Benevolent and Protection Association.

Dunn Steps Down From Calder, CDI

Dunn Steps Down From Calder, CDI

C. Kenneth Dunn, who since April 1999 has served as senior vice president of Florida operations for Churchill Downs Inc. and has spent 18 years at Calder Race Course, is stepping down, the company announced April 9. Dunn will continue to serve as an adviser for Calder through Aug. 1.

Calder On-Track Handle Down 24%

Calder On-Track Handle Down 24%

On-track handle at Calder Race Course fell 24% during the 2007 portion of its Tropical meet, according to data obtained from the Florida Division of Pari-Mutuel Wagering. Calder's simulcast handle fell 26% compared with the same period in 2006.

Calder: Purse Cuts Are Necessary

Calder: Purse Cuts Are Necessary

In response to statements made by the Florida Horsemen's Benevolent and Protective Association in regard to purse cuts, Calder Race Course president Ken Dunn responded Nov. 11 by saying the decision was based on simple economics and was absolutely necessary based on decreased business during the month of October.

California Approves License for TwinSpires.com

As California continues to wrestle with improving advance deposit wagering, the state welcomed a new provider. TwinSpires.com was awarded an ADW license Oct. 18, making it the fourth company to offer home computer betting on horse racing in the state.

Magna, Churchill Withdraw From Empire Racing

A consortium of major horse industry companies vying for the Thoroughbred franchise in New York began falling apart Oct. 10, as Magna Entertainment Corp., Churchill Downs Inc., and Delaware North announced their withdrawal from Empire Racing Associates.

Churchill to Stop Releasing Handle Figures

During a conference call to discuss second-quarter earnings, Robert Evans, president and chief executive officer of Churchill Downs Inc., said the company would no longer release handle and attendance figures at the conclusion of race meets for its four racetrack properties.

Fair Grounds to Assist Seniors in Rebuilding Effort

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Fair Grounds Race Course, in conjunction with the New Orleans Council on Aging, Lowe's and the City of New Orleans, announced the launch of a program to assist local senior citizens in rebuilding their homes July 18.

Officials: CDI Purchases Won't Impact Customers

Churchill Downs Inc. has acquired certain assets of AmericaTAB, Bloodstock Research Information Services, and the Thoroughbred Sports Network, but officials with the Louisville, Ky.-based company said it will be business as usual at the outset.

Empire Racing Names Members of 'Transition Team'

Empire Racing Associates has released the names of a team of racing-operations professionals, many from Churchill Downs Inc. and Magna Entertainment Corp., that will lead its racing transition team should Empire Racing be awarded the New York Thoroughbred racing franchise.

Horsemen: Don't Hold Triple Crown Races 'Hostage'

Major horsemen's groups have banded together to ask racetracks and account wagering providers to make the Triple Crown races available to all wagering services in light of a conflict that is spreading ill will as horse racing's most prominent and lucrative day approaches.

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