Churchill Downs Inc

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CDI Cuts Off Betting Services, Tightens Standards

Churchill Downs Inc. has suspended its business relationship with wagering services named in an indictment over alleged illegal gambling and race-fixing, and also is tightening standards for all account wagering services that take signals from the company's racetracks.

Churchill Names New Director of Marketing

Churchill Downs has appointed Stacey Meier to serve as the track's director of marketing. The native of Fort Wayne, Ind., most recently served as director of marketing for the Churchill Downs Simulcast Network, a post she had held since 2003.

Smarty Jones Derby Items to Benefit War Fund

Churchill Downs Inc. is offering rare memorabilia of 2004 Kentucky Derby winner Smarty Jones in an eBay auction to benefit the Intrepid Fallen Heroes Fund. A ticket package to the 2005 Kentucky Derby and Oaks will also be offered in the auction, which is scheduled to begin on Nov. 26.

Smarty Jones Derby Items to Benefit War Fund

Churchill Downs Inc. is offering rare memorabilia of 2004 Kentucky Derby winner Smarty Jones in an eBay auction to benefit the Intrepid Fallen Heroes Fund. A ticket package to the 2005 Kentucky Derby and Oaks will also be offered in the auction, which is scheduled to begin on Nov. 26.

Churchill Downs Inc. Makes Financial Adjustments

Churchill Downs Inc. has revised its financial statements to reflect reductions in pre-tax earnings for 2002 and 2003 of $2.2 million and $1 million, respectively, because of purse overpayments. The company also noted impairment charges of $6.2 million at Ellis Park because of "poor" live meet results this summer.

Hoosier Ejects Jockeys, Guild Officials Over Walkout

Hoosier Ejects Jockeys, Guild Officials Over Walkout

Hoosier Park in Indiana lost its entire 12-race card the evening of Nov. 12 after all but a few members of the jockey colony refused to ride. The jockeys are protesting over what they believe is a lack of adequate medical insurance, and they also called on the track to install a safety rail.

Calder Veteran Abes Named New General Manager

Calder Race Course president Ken Dunn Monday announced the appointment of Michael D. Abes as vice president and general manager for the Thoroughbred track in Miami, Fla. Abes has been treasurer at Calder since 1991 and will retain that position when he assumes his new duties.

Jockeys' Guild Continues Push on Scale of Weights

A controversial plan to increase the scale of weights for Thoroughbreds racing in California has been delayed until at least Dec. 2. But an attorney for the Jockeys' Guild, which is pushing the proposal, said riders remain determined to see it adopted.

Partners in Triple Crown Productions at Odds

A rift has developed among the partners in Triple Crown Productions, which holds the television rights to the three grade I Visa Triple Crown events: the Kentucky Derby at Churchill Downs, the Preakness Stakes at Pimlico Race Course, and the Belmont Stakes at Belmont Park.

Ellis Park: Five-Day Week, Commitment from CDI

Ellis Park is expected to return to a five-day live racing week next year on the heels of a 2004 meet that produced an increase in total handle but double-digit decreases in average daily handle and on-track business.

Deal With Horsemen Near, Fair Grounds Says

An attorney for the Fair Grounds said Louisiana horsemen were on the verge of a settlement Friday night that could spare the New Orleans track from an auction in bankruptcy court later this month over a $90 million video poker judgement.

Hope for New Thoroughbred Track Seems Dim

Hope for New Thoroughbred Track Seems Dim

Hope that passage of slot machine legislation in Pennsylvania would result in a new Thoroughbred racetrack near Pittsburgh seems futile. Negotiators with knowledge of the bill signed into law July 5 by Gov. Ed Rendell said a stand-alone slots parlor in downtown Pittsburgh is much more likely.

CDI Receives Award for Responsible Wagering Program

Churchill Downs Inc. has received the 2004 Industry Award from the National Council on Problem Gamlbing. The award was presented June 18 at the Conference on the Prevention, Research, and Treattment of Problem Gambling in Phoenix, Ariz.

'Pasture Party' at Churchill Raises $67,000 for TRF

For the third year in a row, Churchill Downs Inc. hosted the "Out To Pasture "Party, a benefit for the Thoroughbred Retirement Foundation. More than $67,000 was raised for the organization.

CDI, Fair Grounds Begin Negotiating Potential Sale

Negotiations over the potential sale of Fair Grounds to Churchill Downs Inc. commenced Thursday afternoon but several issues remain unresolved, including whether current Fair Grounds president Bryan Krantz would maintain a position at the track.

Fair Grounds Gets Extension for Reorganization Plan

Fair Grounds has been granted an extension to Monday to file a Chapter 11 reorganization plan. The extension of Thursday's deadline was granted in order for Fair Grounds officials to have more time to negotiate a possible purchase of the track by Churchill Downs Inc.

Churchill Downs Inc. Appears Poised to Purchase Fair Grounds

Churchill Downs Inc. Appears Poised to Purchase Fair Grounds

An agreement has been reached between Churchill Downs Inc. and the Louisiana Horsemen's Benevolent and Protective Association to purchase the horsemen's legal claims against Fair Grounds, and a letter of intent was filed with track officials to purchase Fair Grounds.

Elections Set for Nine Seats on NTRA Board

Elections for nine seats on National Thoroughbred Racing Association board of directors will begin in earnest in late March, but if history holds, the look of the board isn't expected to change that much.

Churchill Offers $28.5 Million for Fair Grounds

Churchill Offers $28.5 Million for Fair Grounds

Churchill Downs Inc. has apparently upped its interest in Fair Grounds. According to a local report, CDI offered $28.5 million to buy the New Orleans racetrack, though about $20 million of that would go to horsemen to settle a revenue dispute.

Report: Churchill Considering New Track in California

Churchill Downs Inc., which owns Hollywood Park in Inglewood Calif., is considering building a new racetrack in the Golden State at an abandoned Marine Corps air base about 45 miles south of Hollywood in Irvine.

CDI Outlines Aggressive Plan for '04

An ambitious strategic plan Churchill Downs Inc. hopes to accomplish in 2004, which president Tom Meeker said will "change the culture of our company," includes a major customer service initiative, increased branding of the company's assets, and possibly even a company-owned account-wagering platform.

Former CDI Financial Chief Decker Now Consultant

Robert Decker, previously executive vice president and chief financial officer for Churchill Downs Inc., has opened a Louisville, Ky., consulting practice that will provide advisory services to racetrack companies and racing support companies, as well as Kentucky-based firms in other industries.

Churchill Puts Authentication Mark on Merchandise

Churchill Downs Inc. has teamed with Applied Optical Technologies to create a holographic authentication mark applicable to all officially licensed Churchill Downs and Kentucky Derby merchandise.

Racetrack Cooperative Says Tracks Want to Join

The Southern Racing Cooperative, currently in a dispute with the Churchill Downs Simulcast Network over fees charged for signals, said Nov. 17 it has been approached by 10 racetracks that want to join the organization.

CDI Revenue Dips in Third Quarter

Fewer racing dates and an unfavorable racing commission ruling led net revenue for Churchill Downs Inc. to drop by 6% during the third quarter of the year.

It's Double Shifts as Churchill Plows Through Rebuild

Construction crews at Churchill Downs are working double shifts in an effort to complete the steel skeleton of the racetrack's new six-story clubhouse before the start of the fall meet Oct. 26.

Indiana Racetracks to Split Casino Subsidy Equally

The Indiana Horse Racing Commission sided with Indiana Downs Sept. 26 when it voted 4-1 to split riverboat casino admission tax revenue 50/50 with Churchill Downs Inc.-owned Hoosier Park. The move guarantees $5.4 million a year to Indiana Downs indefinitely.

Pollard Sells 180 Acres of Hermitage Farm

Hermitage Farm owner Carl Pollard announced Friday that he has sold the western-most 180 acres of the farm to Hermitage Properties LLC, a limited liability company headed by Ron Carmicle.

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