During a conference call to discuss second-quarter earnings, Robert Evans, president and chief executive officer of Churchill Downs Inc., said the company would no longer release handle and attendance figures at the conclusion of race meets for its four racetrack properties.
Churchill Downs Inc. reported net earnings of $29.3 million in the second quarter, a decrease of 12% compared with net earnings of $33.4 million over the same period last year. Those figures break down to $2.11 per share and $2.46 per share, respectively.
Yum! Brands, presenting sponsor for the Kentucky Derby (gr. I), announced Monday, April 30, that it will offer a $1-million to the connections of any horse that wins this year's Derby and beats Barbaro's winning margin of 6 1/2 lengths.
Representatives from Churchill Downs will honor the late 2006 Kentucky Derby Presented by Yum! Brands (gr. I) winner Barbaro and his owners, Roy and Gretchen Jackson, during a winner's circle ceremony at this year's Derby May 5. The ceremony will take place between races six and seven at approximately 2:30 p.m. EDT.
Robert Evans, the horse owner-breeder who became president and chief executive of Churchill Downs nine months ago, offered his advice on the future of his company and the horse industry in a frank interview that appears in the Monday, April 16, edition of the Wall Street Journal.
Churchill Downs reported net revenues of $376.67 million for 2006, a 5.71% increase over 2005, according to financial data released March 12.
Churchill Downs announced Dec. 13 that it has reached an agreement to sell its majority interest in Hoosier Downs to former minority partner Centaur Inc.
Marsh Side kept his perfect Polytrack record intact by taking Sunday's $125,000 Valedictory Stakes on closing day of the 2006 season at Woodbine under meet riding champion Emma-Jayne Wilson.
Churchill Downs announced a staff reduction of 30% of the company's full-time corporate workforce Dec. 1, a move that will eliminate 22 positions in a variety of departments.
Churchill Downs Inc. reported Tuesday that earnings tumbled in the third quarter, as the year-ago period benefited from a hefty gain on the sale of assets.
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.
Frankie Dettori, Saeed bin Suroor and Godolphin opened their account for the season when Catstar made virtually all the running to win the UAE 1,000 Guineas, a mile conditions race on the dirt.
Robert S. Evans' 5-year-old homebred mare New Economy won the $200,000 La Prevoyante Handicap (gr. II) last year and goes for a repeat tally Saturday in the 12-furlong turf test at Calder.
A 2-year-old full brother to grade I winner Forestry died in March after becoming cast in his stall at an undisclosed farm and breaking a leg.
Wednesday night's Fasig-Tipton Saratoga sale ended not with a bang but a whimper, as the highly anticipated Storm Cat colt--the last yearling through the ring--was bought back by consignor Robert Evans for $3.8 million.
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