Keyword: Churchill Downs Inc.

  • CDI Won't Renew NTRA Membership for 2010

    Churchill Downs Inc., operator of four major racetracks in the United States, has informed the National Thoroughbred Racing Association via letter it won't renew its membership 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.

  • The Calder Casino celebrated the Derby with a Kentucky Derby slot machine.

    Calder Casino, TwinSpires.com Boost CDI

    Churchill Downs Inc. reported that revenue from the newly opened Calder Casino and revenue growth at TwinSpires.com boosted net revenues from continuing operations to a record total of $75.1 million for 2010's first quarter.

  • '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.

  • Calder Casino and Race Course

    Calder Casino Gets Off to Modest Start

    During the first full month of operation, slot machines at Calder Casino & Race Course placed third in pre-tax revenue among the five pari-mutuel casinos in southeast Florida.

  • 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

    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

    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

    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.

  • Churchill Downs Inc. CEO and president Robert Evans

    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."

  • CDI president and CEO Robert Evans

    Evans Cites Benefits of Non-Racing Ventures

    While Churchill Downs Incorporated will continue to focus on racing as its primary business, its ability to expand into more profitable ventures such as alternative gaming and concerts will be key to future growth.

  • 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.

  • KTA Dismissed from CDI Lawsuit

    The Kentucky Thoroughbred Association and its executive director have been dismissed from the federal antitrust lawsuit brought by Churchill Downs Inc. against multiple horsemen's groups.

  • 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.

  • Toe Grabs Banned at CDI Tracks

    Churchill Downs Inc., has implemented a new horseshoe policy at its four racetracks that bans the use of toe grabs greater than two millimeters. The new policy is effective immediately.

  • Calder Race Course has won the right to install slot machines.

    Slots Revenue Agreement OK'd for Calder

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

  • 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 Downs

    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

    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.

  • Calder Paddock and Grandstand

    '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

    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.

  • Randall E. Soth

    Fair Grounds President Soth Resigns

    Churchill Downs Inc. announced Aug. 14 that Randall Soth, who since September 2004 has served as president of Fair Grounds Race Course & Slots in New Orleans, is leaving CDI to pursue other career interests.

  • Boulet Named Racing Secretary at FG

    Louisiana native Jason Boulet has been named racing secretary at Fair Grounds. Boulet, 39, has served as racing secretary at Evangeline Downs in Opelousas, La., since 2005.

  • Calder Race Course has won the right to install slot machines.

    New Boss at Calder Among CDI Changes

    Churchill Downs Inc. has appointed Ted Nicholson to oversee operations at Calder Race Course on an interim basis, one day after CDI implemented a company-wide personnel overhaul.

  • Calder Paddock and Grandstand

    Group Thanks Calder Horsemen for Effort

    The Florida Horsemen's Benevolent and Protective Association issued a statement July 8 thanking Calder horsemen who "took the full brunt" of purse cuts during a 2 1/2-month dispute with track owner Churchill Downs Inc.

  • Shippers Target 'Summit of Speed' Races

    Calder Race Course posted entries July 7 for its July 12 Summit of Speed, a card with a quartet of six-furlong graded stakes that has become the highlight of the year at the South Florida track.

  • CDI Announces Deal With Calder Horsemen

    Churchill Downs Inc. announced July 7 that it has signed contracts with the Florida Horsemen's Benevolent and Protective Association on 2008 purses and on potential future slot machine revenue at CDI-owned Calder Race Course.

  • New Churchill Downs Wager Bundles Bets

    Churchill Downs will begin testing a new wagering format with on-track customers June 11 that allows patrons to bundle win, exacta, and trifecta plays at a lower price per bet.

  • Calder Paddock and Grandstand

    Calder Zapped by Ongoing Contract Fight

    The Florida Horsemen's Benevolent and Protective Association and Churchill Downs Inc. are planning to meet June 9 to discuss contracts for CDI-owned Calder Race Course, where the financial impacts of a dispute are worsening each week.

  • Eight Belles will be buried at the Kentucky Derby 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.