With continued success in its gaming and online operations and the Kentucky Derby presented by Yum! Brands (gr. I) week, along with a steady year in racing, Churchill Downs Inc. reports record net revenues in 2013.
A record Kentucky Derby Presented by Yum! Brands (gr. I) week in terms of revenue helped Churchill Downs Inc. to a record-breaking second quarter in 2013.
Churchill Downs Inc. reported net revenues from continuing operations for the first quarter of 2013 increased 7% to $148.1 million from $138.2 million during the same period a year ago.
Churchill Downs is among the growing number of publicly traded companies that have accelerated payment of dividends to get ahead of probable increased tax rates next year.
Churchill Downs Incorporated has agreed to acquire Riverwalk Casino and Hotel in Vicksburg, Miss., for total consideration of approximately $141 million, to be paid in cash, the company announced Oct. 5.
Due primarily to increased business Kentucky Derby week and continued growth at TwinSpires.com, Churchill Downs Inc. reported an 8% increase in net revenues from continuing operations for the second quarter of 2012.
Calling it a "tease" with details to follow later, Churchill Downs Inc. chairman and CEO Robert Evans said March 13 the company plans to construct "The Mansion" at its flagship track in Louisville.
Churchill Downs Inc reported 19% growth in revenue for 2011 due largely to a Mississippi casino and online wagering.
Churchill Downs, Inc. announced Dec. 5 that its board of directors has approved an annual dividend of 60 cents per share, up 20% over the 50 cent per share dividend that had been awarded in recent years.
Churchill Downs Inc. reported net earnings from continuing operations of $19.7 million for the third quarter of 2011, up significantly from $3.7 million for the third quarter of 2010.
Churchill Downs Inc., boosted by its online and gaming business segments, reported double-digit increases in the second quarter this year compared to 2010 numbers.
The night-time opening card of the spring meet and the success of Kentucky Derby week at Churchill Downs will likely result in a contribution of between $5-6 million in pre-tax earnings to the company's bottom line for 2011.
Winemaker and prominent Thoroughbred owner Jess Jackson, whose Stonestreet Stable campaigned Rachel Alexandra and Curlin, died April 21 after a lengthy illness. He was 81.
Churchill Downs Inc. March 10 named Alan K. Tse executive vice president and general counsel for the Company. Tse will oversee all legal, corporate governance, and compliance matters for CDI.
Churchill Downs Incorporated announced Oct. 18 that Liz Harris will become vice president and executive director of the Churchill Downs Incorporated Foundation, effective Oct. 25.
Churchill Downs Inc. will not hold its HullabaLOU Music Festival in 2011 and has accepted the resignation of CDI executive vice president Steve Sexton.
New Normal punched her ticket to the Breeders' Cup Juvenile Fillies Turf (gr. IIT) in November with a wire-to-wire score in the $195,084 Natalma Stakes (Can-IIIT) Sept. 18 at Woodbine.
Churchill Downs Incorporated has entered into an agreement to acquire Harlow's Casino Resort & Hotel, in Greenville, Miss., for approximately $138 million
Calder Casino & Race Course is meeting its targets of an overnight purse increase that it announced on June 12, utilizing portions of the revenue from slot machines at the casino it opened on Jan. 22, 2010.
- By Ron Mitchell
Boosted by record earnings during Kentucky Derby Week, wagering at Churchill Downs fared much better through the first six months of 2010 than tracks have on the national level.
Churchill Downs has not decided whether to implement a form of Instant Racing should the VLT-like games be approved for Kentucky tracks, according to Churchill Downs Inc. president and CEO Robert Evans.
Boosted by growth in its gaming and online segments and this year's Kentucky Derby and Kentucky Oaks, Churchill Downs Inc. reported that net revenues rose 11% during the second quarter of 2010.
The Ontario Racing Commission has overturned the disqualification of Robert Evans' Marsh Side from first to fourth in the 2009 Northern Dancer Stakes (Can-IT) at Woodbine and restored the original order of finish.
Churchill Downs Inc. announced June 14 that Susan Packard has retired from its board of directors effective June 30. The CDI board has unanimously adopted a resolution to concurrently reduce the number of directors to 12.
Kentucky Gov. Steve Beshear makes announcement at Churchill Downs that the 2011 Breeders' Cup will be run under the Twin Spires for the first time in consecutive years.
Churchill Downs Inc. announced June 2 that it has completed its merger with Youbet.com.
A day after Churchill Downs Inc. issued a revenue report from the first quarter of 2010 officials analyzed the information and talked about what's in store for the future of the company.
Churchill Downs Inc. reported that revenue from the newly opened Calder Casino and revenue growth at TwinSpires.com boosted net revenues from continuing operations to a record total of $75.1 million for 2010's first quarter.
Susan G. Komen for the Cure will once again partner with the Kentucky Oaks to raise awareness for breast cancer with numerous on-track events on Oaks Day, including a "Pink Out" and survivors parade.
Churchill Downs Inc. is partnering with NBC Sports to televise three, one-hour programs of key prep races on the Triple Crown trail in 2010, it was announced Jan. 11.
- By Tom LaMarra
Churchill Downs Inc., which announced Nov. 11 plans to purchase Youbet.com and its United Tote subsidiary for about $126.8 million, is on the lookout for other prospective purchases in the area of Internet wagering.
Churchill Downs has announced that D. Brett Hale has been named senior vice president of corporate and government relations.
- By Tom LaMarra
Churchill Downs Inc. is expanding its presence in the advance deposit wagering market with the purchase of Youbet.com for $126.8 million. United Tote is included in the proposed deal.
The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.
Churchill Downs Inc. reported Oct. 28 that net revenue from continuing operations for the third quarter of 2009 totaled $100.9 million, an increase of $1.3 million, or 1%, over the $99.6 million recorded during the third quarter of 2008.
Although Churchill Downs Inc. posted a slight increase in revenue during the second quarter of 2009 despite the depressed economic picture with the U.S., the racetrack operating company's president and CEO said the "results from our racing operations were disappointing."
While Churchill Downs Incorporated will continue to focus on racing as its primary business, its ability to expand into more profitable ventures such as alternative gaming and concerts will be key to future growth.
Churchill Downs, host of the May 1 Kentucky Oaks (gr. I), and Susan G. Komen for the Cure, the world's largest breast cancer organization, have announced a partnership to raise funds to aid in breast cancer awareness and research.
Hidden Lake, who earned the 1997 Eclipse award for top older female, will become the newest retiree at Old Friends, a Thoroughbred retirement facility near Georgetown, Ky. Her owner, Robert Evans of Connecticut, donated her.
Delaware Park shipper Akronism seems to have found a home in Canada, as the 4-year-old filly won her second consecutive graded stakes at Woodbine, this time taking the $157,800 Seaway Stakes (Can-III) by a length Sept. 6.
There were many who questioned whether champion mare Ginger Punch would be able to stretch out to 10 furlongs, something she had never done before. In the $400,000 Personal Ensign Stakes (gr. I) Aug. 22 at Saratoga, the 5-year-old daughter of Awesome Again was grateful for the added distance, as she needed every last stride to pass Lemon Drop Mom.
Churchill Downs Inc. said Aug. 6 it was pleased with its second quarter results despite various challenges that left the company with flat earnings in year-over-year comparison, claiming a high-profile dispute with horsemen had "little impact" on certain aspects of its financial performance.
Hialeah Park owner John Brunetti is looking forward to meeting with prospective buyer Halsey Minor about what he calls multiple "hurdles" to returning racing to the historic track that last held a meet in 2001.
Golden Spikes, on the Triple Crown trail earlier this year, is beginning to find a niche as a sprinter, as he captured the $250,000 Carry Back Stakes July 12 at Calder Race Course for his second win in a row.
A leading executive of Churchill Downs Inc. told a gathering of shareholders June 19 that he didn't know when a nasty revenue-sharing dispute with horsemen would be resolved, but promised the company would do its part in reaching a satisfactory conclusion for all.
Fountain of Youth Stakes (gr. II) runner-up Elysium Fields and impressive allowance winner Big Brown turned in works this week in preparation for the $1 million Florida Derby (gr. I) March 29.
Churchill Downs Inc. is asking for patience in seeing financial rewards from what it termed an $80 million investment into the advance deposit wagering industry in 2007, and promises to act on opportunities for the company's progress in 2008.
Churchill Downs Inc. says it is sincerely interested in hosting the Breeders' Cup World Championships, so much so that it offered what it considered an "innovative" multi-year plan for regularly staging the annual event at its signature namesake track starting in 2009.
By Evan I. Hammonds - Advance deposit wagering, which most sources agree accounts for about 10% of handle on Thoroughbred racing, is the sport's latest battleground.
The Jockey Club has weighed in publicly on the topic of account wagering economics, urging the pari-mutuel industry to urgently work together to devise a model that benefits horsemen, racetracks, and patrons.
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