Revenues

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Looking at Where California Wagering Revenues Go

Looking at Where California Wagering Revenues Go

Sometimes it's worthwhile to just look at all the places the pari-mutuel dollar goes in racing. The California Horse Racing Board annual report for fiscal year 2015-16 breaks down where every pari-mutuel wagering dollar goes in the state.

Changing Business Model Impacts California Racing

Changing Business Model Impacts California Racing

The California Horse Racing Board's annual report documents the challenge racing faces as the percentage of pari-mutuel money generated for tracks' and horsemen's purses declines as more handle shifts to advance-deposit wagering outlets.

CDI: We're Rebuilding Racing, but Need Slots

CDI: We're Rebuilding Racing, but Need Slots

Despite growth in its online pari-mutuel wagering and Louisiana slots operations, the top executive of Churchill Downs Inc. said May 7 the company is not ignoring its racing properties, but needs legislative help to keep them viable entities.

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.

Judge: 'Tough Issues' in CDI Lawsuit

Judge: 'Tough Issues' in CDI Lawsuit

A federal judge presiding over the antitrust lawsuit filed by Churchill Downs Inc. against horsemen's groups basically said Feb. 19 he has his work cut out for him in trying to resolve the complex issues involved in the case.

Deal to Sell TVG in 'Final Phases'

Deal to Sell TVG in 'Final Phases'

TVG has been classified as a discontinued operation by parent company Macrovision Solutions Corp., which says it in the "final phases" of negotiations to sell the horse racing network.

MTR Gaming Aims to Reduce Debt

MTR Gaming Aims to Reduce Debt

MTR Gaming Inc. has defined as core assets its two Thoroughbred racinos and an Ohio harness track, and will examine sale possibilities of all other properties to reduce debt and raise shareholder value, the company said July 30.

Track Owner Boosts Stake in MTR Gaming

Track Owner Boosts Stake in MTR Gaming

Jacobs Entertainment Inc. and its affiliates have recently increased their overall stake in MTR Gaming Group, a move that follows a January announcement that the owner of Colonial Downs was shifting its focus towards facilities that feature multiple forms of gaming.

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