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CDI: Revenues Up, Earnings Down

CDI: Revenues Up, Earnings Down

Citing the absence of insurance payments received in 2008, Churchill Downs Inc. reported a net loss of $4.8 million in the first quarter of the year, but said a 12% increase in net revenues were attributed to strength in its Louisiana gaming business and on-line wagering operation.

'Big Four' Post Mixed Oregon ADW Numbers

'Big Four' Post Mixed Oregon ADW Numbers

Even though TVG, TwinsSpires.com, and XpressBet.com enjoyed handle growth in 2008, total wagers processed by advance deposit wagering entities through hubs in Oregon decreased for the first time this decade, though the numbers are skewed by actions related to another member of the "Big Four," Youbet.com.

TrackNet Signal Cut-Off Looms in Nevada

TrackNet Signal Cut-Off Looms in Nevada

Despite comments from TrackNet Media Group that negotiations are "going backwards" over issues involving racing signals to Nevada racebooks, the player on the other side of the table offered guarded hope matters can be resolved before a Jan. 25 cut-off deadline.

Calder Handle Down Significantly

Calder Handle Down Significantly

Wagering in Florida on Calder Race Course's recently concluded Tropical at Calder meet fell 31% in 2008, according to the Florida Division of Pari-Mutuel Wagering.

Gulfstream Banking on 2009 Meet Changes

Gulfstream Banking on 2009 Meet Changes

Gulfstream Park is hoping that a move to a five-day race week will help produce larger fields and attract more live fans and other bettors on days that have proven more popular than its newly-dark Mondays.

Remington Park: Purses Up, Handle Down

Remington Park: Purses Up, Handle Down

Remington Park in Oklahoma recently completed its 20th season of Thoroughbred racing with a record purse disbursement and increased attendance, but followed national trends with a decline in most wagering statistics.

Belmont Handle, Attendance Averages Down

Belmont Handle, Attendance Averages Down

The 37-day 2008 Belmont fall meeting, which ended on Oct. 26, produced mixed business results. All-sources handle on NYRA races was $356.3 million, compared with the 2007 figure of $346.5 million, for an increase of 2.8%. Because the 2008 meet included four more days than the 2007 meet, there was actually an 8.3% decline in the equivalent daily average all-sources handle figure.

Oak Tree Meet Lifted by Breeders' Cup

Oak Tree Meet Lifted by Breeders' Cup

An otherwise sluggish Oak Tree at Santa Anita meet got turned around by hosting the Breeders' Cup World Championships, Oct. 24-25. Excluding the Breeders' Cup, the Oak Tree handle was down 14%.

No Early Issue with Breeders' Cup Signal

No Early Issue with Breeders' Cup Signal

Early handicapping on signal distribution of the Breeders' Cup World Championships shows the prestigious event will be available to a wide variety of outlets and bettors, at first glance calming fears of any "signal wars" fallout evident in other revenue-sharing disputes involving advance deposit wagering.

Evangeline Downs Reports Record Gains

Evangeline Downs Racetrack and Casino's recently concluded 2008 spring/summer Thoroughbred season posted all-time highs in average nightly handle, single-night handle, average field size, and purse distribution for the 84-night meet.

'Realities' Force Calder Date Cuts

'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.

Wagering Plummets Since Triple Crown

Wagering Plummets Since Triple Crown

Wagering has dropped 11% on North American Thoroughbred racing since the end of the Triple Crown series -- at least by one indicator -- a disturbing trend that can likely be attributed to a variety of factors.

TVG: Record Handle for First Quarter

TVG: Record Handle for First Quarter

TVG processed $108.8 million in total wagering during the first quarter of 2008, the highest first quarter total in the company's history and a 32% increase over the first quarter of 2007.

Total Wagering Up in New Zealand

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The unaudited figures from the New Zealand Racing Board for the first six months of the 2007/08 season show that despite the challenges imposed by the equine influenza outbreak in Australia, business has continued to deliver strong turnover growth.

Youbet Settles Lawsuit in Virginia

Youbet Settles Lawsuit in Virginia

A federal lawsuit between Youbet.com and several entities associated with Virginia racing has been settled, resulting in a renewed effort by the advance deposit wagering company to become licensed in the state.

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