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Thukral Named President of Twinspires.com

Rohit Thukral has been promoted to president of Twinspires.com and has been appointed executive vice president of technology initiatives for Churchill Downs Inc., it was announced May 21.

ADWs Grab Larger Share in First Quarter

Led by strong performances from Twinspires.com and Youbet.com, collective handle for the four largest domestic advance deposit wagering platforms increased by roughly 15% in the first quarter of the year, while their overall share of the national betting pie grew by more than 2%.

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.

Keeneland Wagering Expanded

Keeneland Wagering Expanded

Keeneland officials announced March 31 that, for the first time, wagering on the track's upcoming spring race meeting will be available on all major North American betting platforms.

MRC: ADWs Face Shutdown in Maryland

A trio of large domestic advance deposit wagering companies is facing a shut-off of operations in Maryland unless a new agreement for revenue sharing is reached, the Maryland Racing Commission said recently.

'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.

Niven to Exit CDI, Twinspires.com

Vernon Niven has left Churchill Downs Inc. for personal reasons, the company announced Feb. 12. Niven, who since October 2006 has served as executive vice president of CDI and president of Twinspires.com, will vacate his posts in June after the conclusion of the 2009 Triple Crown.

TwinSpires to Show Handicapping Tourney

TwinSpires.com, the official advance deposit wagering service for Churchill Downs Inc., will provide an inside look at the DRF/NTRA National Handicapping Championship from Red Rock Casino in Las Vegas by providing online video coverage of the event throughout the Jan. 23-24.

Online Handicapping Contest Rescheduled

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Online Handicapping Contest Rescheduled

TwinSpires.com, the advance deposit wagering service for Churchill Downs Inc. has rescheduled its "Biggest Vegas Qualifier Ever" online handicapping contest for Jan. 3, 2009.

That Handicapping Show: Nov. 25 (Video)

That Handicapping Show: Nov. 25 (Video)

This week, Jason and Tom analyze the Clark Handicap (gr. II) at Churchill Downs on November 28. Also Brisnet's handicapping expert "The Wizard" gives his "Spotlight Play" for Fair Grounds Race 8 on November 28.

That Handicapping Show: Nov. 20 (Video)

That Handicapping Show: Nov. 20 (Video)

This week, Jason and Tom analyze the River City Handicap (gr. IIIT) at Churchill Downs on November 22. Also Brisnet's handicapping expert "The Wizard" gives his "Spotlight Play" for Fair Grounds Race 3 on November 22.

FG Signal Going to Youbet, But Not TVG

FG Signal Going to Youbet, But Not TVG

The signal for the Fair Grounds race meet starting Nov. 14 will be available to a wider variety of advance deposit wagering outlets, a group that does not include TVG, Churchill Downs Inc. announced Nov. 12.

Without ADW Deal, Horses May Get Boot

About 1,000 Thoroughbreds could be forced to leave the grounds of Beulah Park by the end of this year if the racetrack and horsemen's association don't have a deal for advance deposit wagering revenue in place by Nov. 21, the day the Ohio State Racing Commission will award racing dates for 2009.

No ADW Issues Evident at Hawthorne

No ADW Issues Evident at Hawthorne

While signal distribution at racetracks continues to be a hot topic in the horse racing industry, that doesn't appear to be the case at Hawthorne Race Course, which opens its meet Sept. 26.

Churchill Makes Deep Cut in Fall Stakes

Churchill Makes Deep Cut in Fall Stakes

Blaming a decline in purse money earned earned from wagering sources during its 2008 spring meet, Churchill Downs Racetrack has slashed its stakes program for the upcoming fall meet by $975,000 through purse reductions in 11 stakes races and the elimination of two others.

No 'Signal Wars' Evident at Turfway Park

No 'Signal Wars' Evident at Turfway Park

Turfway Park said Aug. 20 it has received horsemen's consent to distribute its racing signal for the upcoming fall under the auspices of the present exclusive agreement with TVG, thus ending any speculation of a standoff similar to those plaguing other tracks.

Several ADWs Increase Handle in Oregon

Several advance deposit wagering entities posted increased handle through the Oregon hub system in the second quarter of the year, despite an overall national decline blamed primarily on a revenue-sharing dispute between horsemen's groups and various tracks.

CDI Pleased with Quarterly Results

CDI Pleased with Quarterly Results

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.

ADWs will Argue for Oregon Licenses

Two advance deposit wagering companies operating through the hub system in Oregon recently had their annual license renewals tabled by the state's racing commission, but will be able to rectify the situation at an upcoming July 17 meeting.

Horsemen's Request on Purses Denied

A federal judge in Louisville on June 16 denied the Kentucky Horsemen's Benevolent and Protective Association's request for a preliminary injunction to require Churchill Downs Inc. to consult with it before cutting purses at Churchill Downs.

Horsemen: CDI Owes Wagering Fees, Purses

Horsemen: CDI Owes Wagering Fees, Purses

In a flurry of responses filed recently in federal court, Kentucky horsemen claim Churchill Downs Inc. owes purse funds upwards to $3 million in unpaid fees from wagering revenues, and have asked a judge to force the racetrack company to pay out funds lost from a 20% purse cut.

Bettors Speak Out on 'Signal Wars'

Bettors Speak Out on 'Signal Wars'

Some bettors are frustrated with the current dispute between horsemen groups, racetracks, and advance deposit wagering companies over revenue sharing. They feel they've been neglected in the process, and threaten to take their wagering dollars elsewhere.

THG, TrackNet Have Differing Views

The Thoroughbred Horsemen's Group claims it wants advance deposit wagering entities to pay a fairer share into purse coffers, but those on the other side of the negotiating table claim the math simply doesn't add up.

Twinspires.com: Mobile Wagering

Phantom Fiber Corp. and Churchill Downs Inc.'s advance deposit wagering entity, Twinspires.com, are teaming up to bring a wagering platform to mobile phones and personal digital assistants, or PDAs.

California Approves License for TwinSpires.com

As California continues to wrestle with improving advance deposit wagering, the state welcomed a new provider. TwinSpires.com was awarded an ADW license Oct. 18, making it the fourth company to offer home computer betting on horse racing in the state.

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