Keyword: Churchill Downs Inc.

  • Churchill Loses $13.9M in First Quarter of 2005

    Churchill Downs Inc. posted revenue gains for the opening quarter of 2005 thanks to the addition of 61 racing dates at the newly acquired Fair Grounds, but higher corporate expenses resulted in a net loss of $13.9 million, the company reported May 10.

  • Allred Pulls Out of Los Alamitos Plan

    Ed Allred, the owner of Los Alamitos Race Course, has reportedly backed out of a plan that could have brought Thoroughbred racing to his Quarter Horse facility in the event Hollywood Park were to be sold to development interests.

  • CDI Secures $1 Million Policy for Jockeys

    Churchill Downs Inc. has finalized agreements with AIG Insurance to provide $1 million in on-track insurance coverage for jockeys who compete at CDI racetracks located in states where jockeys are not currently covered by workers' compensation programs.

  • Planning Board Postpones Fair Grounds Vote

    The New Orleans Planning Commission has postponed for a month a decision on a proposal by Churchill Downs Inc. to install up to 700 slot machines at Fair Grounds.

  • Barden Named Assistant GM at Hollypark

    Tim Barden, Hollywood Park's management liaison since 2000, has been promoted to assistant general manager of the Los Angeles-area racetrack, general manager Eual Wyatt Jr. announced on behalf of Hollywood Park and parent company Churchill Downs Inc.

  • Guild Files Counterclaim Over CDI Lawsuit

    The Jockeys' Guild, in an answer and counterclaim filed March 24 in United States District Court for the western district of Kentucky, charges Churchill Downs Inc. used "exploitative tactics" in dealing with jockeys at company-owned Churchill Downs and Hoosier Park.

  • CDI Offers $1M Handicapping Bonus to Club Members

    Churchill Downs Inc. will offer a $1-million bonus to a Twin Spires Club member that wins of one of the company's qualifying tournaments and the 2006 <i>Daily Racing Form</i>/NTRA National Handicapping Championship in Las Vegas.

  • CDI: No Hollywood Comment Pending Deliberations

    Churchill Downs Inc. officials discussed the company's financial picture, alternative gaming initiatives, and the industry's tote system during a March 17 teleconference but shed little light on their intentions for Hollywood Park, the Southern California racetrack that is the subject of sale rumors.

  • TOC: No Choice But to Evaluate Options

    The Thoroughbred Owners of California, faced with the possibility of losing a major racetrack partner, has been discussing its options for the future given ongoing rumors Hollywood Park may be sold and no longer offer horse racing.

  • Churchill Sues Guild, Cuts Off Contributions

    Churchill Downs Inc. has cut off its voluntary financial contributions to the Jockeys' Guild and has sued the organization over what it believes were violations of federal and state law when jockeys opted not to ride last fall at Churchill Downs and Hoosier Park.

  • 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 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 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

    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.