Penn National Gaming reported increases in revenue, income from operations, and adjusted earnings for its second quarter but the racetrack, casino, and hotel owner noted those increases finished below guidance.
Churchill Downs Inc. has reported record net revenues and record adjusted earnings for 2015, and its racing-related operations contributed to the record year.
Racetrack and casino owner Penn National Gaming Inc. reported a 9.6% increase in net revenues for 2015 compared with 2014.
Hopes for a spike in pari-mutuel handle at Keeneland this fall in advance of this year's Breeders' Cup World Championships did not materialize.
Racetrack and casino owner Penn National Gaming Inc. reports third quarter financials better than guidance offered earlier this year.
In its annual report released July 15, the NTRA noted strides it made in the past fiscal year to work with horseplayers to improve horse racing.
Los Alamitos Race Course's second two-week Summer Thoroughbred Festival saw an increase in all-sources handle and an uptick in wagering on live races from last year's numbers.
Santa Anita Park reached $1 billion in pari-mutuel handle June 20, a total that dates back to the beginning of its winter meet Dec. 26.
In its fiscal year financials filed June 17, parent company Betfair reported a strong year for its U.S. advance deposit wagering operation and racing channel, TVG.
- By Frank Angst
- Thoroughbred Racing, Northeast Region, Midwest Region, West Region, Mid-Atlantic Region
Penn National Gaming Inc. reported strong financial numbers for the first three months of 2015 that it attributed to improving regional gaming trends and contributions from new racino properties in Ohio.
Total handle for the recently concluded 32-day Thoroughbred meet at Sam Houston Race Park increased more than 15% to $51,258,598 in 2015 compared with the 2014 meet, as average daily handle improved a fourth straight year.
Behind a strong quarter that saw 17% revenue growth at its New Jersey online casino, compared with the same quarter a year ago, Betfair reports a 25% revenue growth in its U.S. operations for the three months ended Jan. 31.
- By Frank Angst
- Thoroughbred Racing, Northeast Region, Midwest Region, Southwest Region, Mid-Atlantic Region
Penn National Gaming reported 2014 fourth quarter losses of $250.4 million Jan. 29, when the casino and racetrack owner also reported a decline of $233.2 million for the year.
Citing its mobile channel as a key driver, Betfair reports that its U.S.-based advance deposit wagering company TVG enjoyed a 15% spike in handle for the six months ended Oct. 31.
Like its parent company Betfair, TVG enjoyed a strong 12 months for the fiscal year ended April 30, according to financials released June 11. TVG saw handle increase 33% to $74.76 million.
The National Thoroughbred Racing Association Board of Directors on April 17 approved the association's audited financial results for the fiscal year concluding Jan. 31, 2014, which reflect net revenues of $667,477.
Betfair, the world leader in betting exchange technology and owner of U.S.-based advance deposit wagering platform and racing channel TVG, reported a loss of US$75.4 million in its annual report.
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