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Churchill Downs News
Churchill Downs Incurs Non-Cash Expense
9 Mar 2005
Churchill Downs Incorporated reports that it incurred an unanticipated, non-cash expense in the fourth quarter of 2004 to reflect an unrealized loss of approximately $4.3 million, or $0.32 per share.
Churchill Downs Hires New Senior Vice President of Sales and Marketing
9 Feb 2005
Churchill Downs Incorporated reports the appointment of international marketing executive Tim Scott as the company's senior vice president of sales and marketing.
2005 Kentucky Derby Road to the Roses Fantasy Game Underway
8 Feb 2005
Can you select the Derby winner, jockey and trainer, weeks before the first Saturday in May? If you are up to the challenge, play the 2005 Kentucky Derby Road to the Roses fantasy game, a free, Internet-based game of skill offered by Churchill Downs.
Official Kentucky Derby 2005 Website Launched
2 Feb 2005
Churchill Downs Incorporated today launched the official 2005 Kentucky Derby Web site and 2005 Kentucky Oaks Web site.
Churchill Downs, Magna Entertainment Team to Simulcast Racing Product in Europe
22 Dec 2004
Churchill Downs Incorporated and Magna Entertainment Corp. report an international simulcast distribution agreement that will deliver the two operators' racing product to the European market.
Churchill Down Sees Mixed Results
29 Nov 2004
Churchill Downs saw increases in on-track attendance and wagering while total wagering registered a slight decline from a record total as the historic track's "Fall Festival Of Racing" completed its 21-day run on Saturday, Nov. 27.
Fair Grounds Track Faces Competition
22 Nov 2004
News Brief: Churchill Downs Inc. may be able to install up to 700 slot machines at Fair Grounds Race Course, but the track's slots parlor will be competing in a saturated casino state.
Churchill Downs Reports Loss
20 Oct 2004
Churchill Downs reports net loss for Q3 was $3.8 million, compared to earnings of $7.9 million in Q3 2003.
Churchill Downs Sells Stake in Kentucky Downs
20 Oct 2004
Churchill Downs has sold a 19-percent stake in Kentucky Downs, including debt owed to CDI, to Kelley Farms Racing.
Alliance Gaming Completes Sale of Interest in Video Services, Inc.
18 Oct 2004
Alliance Gaming Corp. has completed the sale of its 49 percent interest in Video Services, Inc., which owns and operates a 730-machine video poker route operation in the greater New Orleans metropolitan area.
Foreign Gamblers Escape Gambling Tax
18 Oct 2004
News Brief: Foreign gamblers will escape U.S. taxes when they win on the Kentucky Derby and other American races under the corporate tax bill that President Bush is expected to sign.
Hoosier Park Increases Purse
12 Oct 2004
Hoosier Park at Anderson has announced a purse increase of $1,000 per race for its Thoroughbred racing program.
Churchill Downs Revises Earnings Forecast
12 Oct 2004
Churchill Downs is revising its earnings outlook for Q3 2004 and further lowering its outlook for the full year to reflect increased spending on alternative gaming efforts and special, non-cash impairment charges for Ellis Park due to softness in business at that racetrack.
Fair Grounds Race Course Names New Director
8 Oct 2004
Churchill Downs Incorporated has named D. Ben Huffman director of racing and racing secretary for Fair Grounds Race Course in New Orleans, Louisiana.
President Named for Fair Grounds Race Course
30 Sep 2004
Churchill Downs Incorporated has named Randall Soth president and general manager of Fair Grounds Race Course in New Orleans, Louisiana.
Churchill Downs' Acquisition of Fair Grounds Race Course Approved
24 Sep 2004
The U.S. Bankruptcy Court has approved Churchill Downs Incorporated's $47 million acquisition of the Fair Grounds Race Course.
Churchill Downs Agrees to Terms with Fair Grounds Corp., Horsemen
2 Sep 2004
Churchill Downs has agreed to terms with Fair Grounds Corporation and other parties to acquire Fair Grounds Race Course for $47 million, pending approval of the U.S. Bankruptcy Court, Eastern District of Louisiana.
Churchill Downs Ceases Negotiations to Acquire Fair Grounds
17 Aug 2004
Churchill Downs Incorporated reports that it has ceased negotiations to acquire the Fair Grounds Corporation in New Orleans, Louisiana.
Churchill Downs Names New COO
13 Aug 2004
Churchill Downs Incorporated has named Andrew G. Skehan as chief operating officer.
Churchill Downs Pushes for Auction
11 Aug 2004
News Brief: Churchill Downs Inc. has pressed for a scheduled auction of the embattled Fair Grounds track in bankruptcy court.
Paralyzed Jockey Sues Churchill Downs
9 Aug 2004
News Brief: Jockey Remi Gunn, who was paralyzed in a spill at Ellis Park last August, has filed a lawsuit against the racetrack and owner Churchill Downs Inc., claiming they did not ensure the safety of her vest and helmet or provide adequate medical treatment.
Churchill Downs Profits Down
21 Jul 2004
Net earnings for Q2 were $27.4 million, a 2.1 percent decline from net earnings of $28.0 million for the Q2 2003.
Churchill Downs Reports Declines in Results
6 Jul 2004
Adverse weather conditions and patron concerns over construction issues contributed to declines in attendance and overall wagering during Churchill Downs' 2004 "Spring Meet Of Champions".
Churchill Downs Revises Earnings Forecast
2 Jul 2004
Churchill Downs Incorporated reports that it now expects earnings for the year to be approximately 10 to 15 percent lower than its previous year-end estimate of $1.70 per share.
Churchill Downs Opens Bidding for Fair Grounds
28 Jun 2004
Churchill Downs Incorporated is the opening bidder in the bankruptcy auction for Fair Grounds Corporation's racetrack and off-track betting assets.
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