Churchill Downs Inc

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MID Pays First Half Dues to NTRA

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.

Packard Retires From CDI Board

Churchill Downs Inc. announced June 14 that Susan Packard has retired from its board of directors effective June 30. The CDI board has unanimously adopted a resolution to concurrently reduce the number of directors to 12.

NTRA: 'Punching Bag' or Valued Resource?

NTRA: 'Punching Bag' or Valued Resource?

As the National Thoroughbred Racing Association prepares for its June 3 board of directors meeting in New York amid a changing landscape, the organization's biggest challenge could very well be industry perception.

NTRA: Balanced Budget, Board Changes in Works

NTRA: Balanced Budget, Board Changes in Works

Operating revenue for the National Thoroughbred Racing Association was down 45.2% in 2009 from 2008, but expenses were down 47.5% year-to-year, leading the organization to suggest it should have a balanced budget for 2010.

Youbet.com Reports Small First-Quarter Loss

Youbet.com reported a small loss for the first three months of 2010, noting there would have been a similar gain if not for $1 million in expenses tied to its impending merger with Churchill Downs Inc.

'Undercover' Churchill COO Gets TV Time

Churchill Downs Inc. chief operating officer Bill Carstanjen took part in the TV show Undercover Boss. The episode, filmed at Arlington Park and Calder Race Course last year, will air March 14.

TrackNet, MidAtlantic Reach Agreement

TrackNet, MidAtlantic Reach Agreement

TrackNet Media Group and the MidAtlantic Cooperative announced Jan. 22 that they have reached an agreement with MidAtlantic members of the simulcast signals of racetracks affiliated with TrackNet

CDI Amends Revolving Credit Line

CDI Amends Revolving Credit Line

Churchill Downs Inc. announced Dec. 22 it has amended its revolving credit facility while increasing the borrowing capacity from $120 million to $275 million.

Arlington Completes Purchase of Leased Land

Churchill Downs Inc.'s wholly-owned subsidiary Arlington Park has entered into an agreement to purchase approximately 66.8 acres of leased land which is currently part of Arlington Park's racing facilities in Arlington Heights, Ill., from The Duchossois Group for a total purchase price of $27.5 million, as of Dec. 3.

CDI 'Well-Positioned' to Make Other Deals

CDI 'Well-Positioned' to Make Other Deals

Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.

CDI's Evans: Some Progress in Kentucky

The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.

CDI Quarterly Net Revenue Up Slightly

CDI Quarterly Net Revenue Up Slightly

Churchill Downs Inc. reported Oct. 28 that net revenue from continuing operations for the third quarter of 2009 totaled $100.9 million, an increase of $1.3 million, or 1%, over the $99.6 million recorded during the third quarter of 2008.

Evans: We Believe We Must Win Slots Battle

Evans: We Believe We Must Win Slots Battle

Although Churchill Downs Inc. posted a slight increase in revenue during the second quarter of 2009 despite the depressed economic picture with the U.S., the racetrack operating company's president and CEO said the "results from our racing operations were disappointing."

Thukral Named President of Twinspires.com

Rohit Thukral has been promoted to president of Twinspires.com and has been appointed executive vice president of technology initiatives for Churchill Downs Inc., it was announced May 21.

ADWs Grab Larger Share in First Quarter

Led by strong performances from Twinspires.com and Youbet.com, collective handle for the four largest domestic advance deposit wagering platforms increased by roughly 15% in the first quarter of the year, while their overall share of the national betting pie grew by more than 2%.

USO to Host Soldiers on Derby Day

For the first time in the 135-year history of the Kentucky Derby, the United Service Organizations will host American soldiers and their families from Fort Campbell and Fort Knox at Churchill Downs for the Run for the Roses May 2.

TwinSpires to Show Handicapping Tourney

TwinSpires.com, the official advance deposit wagering service for Churchill Downs Inc., will provide an inside look at the DRF/NTRA National Handicapping Championship from Red Rock Casino in Las Vegas by providing online video coverage of the event throughout the Jan. 23-24.

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