The continuing consolidation of racing interests seeking the franchise currently held by the New York Racing Association took a quantum leap Wednesday when it was announced that Churchill Downs Inc. and Magna Entertainment were joining the Empire Racing team.
Churchill Downs, Inc. reported net earnings from continuing operations for the second quarter of $33.4 million, or $2.45 per diluted share, significantly higher than the $22.7 million, or $1.69 per diluted share, earned during the same period in 2005.
Churchill Downs Incorporated and Magna Entertainment Corp., the two largest track-operating companies in the U.S., announced Friday that they have entered into an agreement to cooperate in the bidding process for the New York racetrack franchise, which is currently held by the New York Racing Association and will expire Dec. 31, 2007.
Bidders vying for the major Thoroughbred franchise in New York blew their own horns -- and did a bit of not-so-subtle bashing of each other -- before an Aug. 1 who's who of racing industry insiders, including members of a state panel considering the bids to operate Aqueduct, Belmont, and Saratoga racetracks.
Lawyer Ron, a 2 ¾-length winner of the Arkansas Derby (gr. II), recorded his first workout since surgery after running in the Kentucky Derby Presented by Yum! Brands (gr. I) yesterday. The 3-year-old colt was timed in a zippy :34 1/5 for three furlongs, galloping out four furlongs in :46 and change over the main track at Churchill Downs.
One day after being named chief executive officer and president of Churchill Downs Inc., Robert Evans told a group of assembled media he is ready to lead the Louisville, Ky.-based racetrack company into the future.
The board of directors of Churchill Downs Inc. announced Wednesday that Robert L. Evans, a horse owner and breeder who has a background in technology, manufacturing and private equity capital, will succeed Tom Meeker as company president and chief executive officer.
Churchill Downs Inc. has reached a definite agreement to sell Ellis Park in western Kentucky to a company owned by Ron Geary, a horse owner who recently retired as president and chief executive officer of ResCare, a Louisville, Ky., based, publicly-held provider of training services and services to persons with developmental and other disabilities.
A who's who of racing industry heavyweights formally notified New York state June 30 of their interest in obtaining the franchise now held by the New York Racing Association to operate Aqueduct, Belmont, and Saratoga racetracks.
Trainer Bob Baffert, who was fined $500 by the Kentucky Horse Racing Authority for incidents involving security guards at this year's Kentucky Derby Presented by Yum! Brands (gr. I), said he would like for Churchill Downs to have security personnel who recognize horsemen positioned in key areas, such as the paddock.
Churchill Downs recently promoted two members of its corporate support team to the position of vice president. Ted Gay has been promoted to vice president of business development, while Julie Koenig Loignon has been promoted to vice president of communications.
The New York Racing Association will include a for-profit partner in its bid to hold onto the state franchise to operate Aqueduct, Belmont, and Saratoga racetracks, NYRA president Charles Hayward said June 26.
As the search for his successor continues, Churchill Downs Inc. president and chief executive officer Tom Meeker presided over his 22nd and final shareholders' meeting Thursday, painting a positive picture of the racetrack operating company's future while also accepting plaudits from fellow directors and company employees.
The long-awaited Request For Proposals for the franchise to operate racing at Aqueduct, Belmont and Saratoga was approved for release June 13 by a state government panel, though it appears increasingly unlikely the winning bidder will be selected this year.
Brass Hat, winner of the Donn Handicap (gr. I) and runner-up in the $6 million Dubai World Cup (UAE-I), and Buzzards Bay, winner of the Oaklawn Handicap (gr. II), were assigned high weight of 121 pounds apiece for Saturday's $750,000-added Stephen Foster Handicap (gr. I) at Churchill Downs.
By Ray Paulick -- For the second consecutive year, no contemporary horses were elected to the National Museum of Racing's Hall of Fame. That is astonishing, considering some of the champions named on the ballot.
Churchill Downs must receive ticket applications for the 2006 Breeders' Cup World Championships by June 1 in order to be included in a random drawing that determines the order those applications will be processed.
Churchill Downs Inc. has restructured some of the company's corporate staff, resulting in the elimination of several positions and consolidation of the corporate and racetrack communications and marketing departments.
Ronald H. Rodriguez of Chicago defeated 125,211 fellow handicappers to claim a $10,000 prize by selecting the winning Kentucky Derby 132 superfecta in the $1 million Kentucky Derby "Super" Challenge, a free contest sponsored by Churchill Downs Incorporated.
Churchill Downs Inc. officials are encouraged by a rebound of their Louisiana operations in the wake of Hurricane Katrina, but it appears slot machines at Fair Grounds won't be operating until mid-2008 at the earliest.
Youbet.com, the online wagering company with headquarters in Southern California, handled $5.6 million Kentucky Derby day, May 6, an increase of 34% from 2005 and the highest one-day amount in the history of the company.
As trainer Michael Matz savored Saturday's impressive victory by Lael Stables' Barbaro in the Kentucky Derby presented by Yum! Brands (gr. I), trainers of the horses that finished behind the son of Dynaformer reflected Sunday morning on what went wrong and what lies ahead.
Wagering on Saturday's 132nd Kentucky Derby presented by Yum! Brands (gr. I) at Churchill Downs shattered several records, including a North American mark for total betting on a single race, as an on-track crowd of 157,536 saw Lael Stable's unbeaten Barbaro dominate the "Run for the Roses."
English Channel, a top turf horse last year as a 3-year-old, may be even better this year, now two-for-two in 2006 after a win Saturday at Churchill Downs in the $454,900 Woodford Reserve Turf Classic (gr. IT).
Trainer Todd Pletcher is having a perfect day at Churchill Downs Friday, winning all three of the races in which he had entries. The third was Magnificent Song, who won the $114,900 Edgewood Stakes, the first undercard stakes on Kentucky Oaks day.
For Churchill Downs Inc. president and chief executive officer Tom Meeker, being what he calls a "caretaker of the Derby" is one of his jobs. But that doesn't mean there can't be change for the world's most recognized horse race, or other aspects of the industry for that matter, he said.
Trainer Todd Pletcher said racing fans will not have to "Wait a While" for his grey filly to be loaded in to the starting gate for Friday's Kentucky Oaks (gr. I) after undergoing gate-schooling sessions.
Total purses for this year's Breeders' Cup World Championships at Churchill Downs will be $20 million, up $6 million from last year under a new structure officials said is designed to keep the races competitive with other major Thoroughbred stakes around the world.
At the racing office for the draw for the order of post position draw later today at Fourth Street Live! The atmosphere is almost party like. There are a few nervous faces, but overall most people are in a jovial mood.
On Monday, did anybody wish Derby contender Seaside Retreat happy birthday? Someone should have, because May 1 was his foaling date. While all horses foaled in the Northern Hemisphere have the universal birth date of Jan. 1 as their official age of racing, not all of this year's contenders are actually 3-year-olds.
A full field of 14 fillies, headed by dual grade I winner Balance, is set to run for the lilies in Friday's Kentucky Oaks (gr. I) at Churchill Downs. If all 14 fillies start, the purse for the 1 1/8-mile race will swell to $685,900.