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Churchill Downs shares climb 10% on record results

14th March 2012 6:58 am GMT

Churchill Downs Inc. has seen its 2011 net earnings more than triple versus the previous year with a 49 per cent increase in net gaming revenues and a 36 per cent increase in net online revenues contributing to a record performance.

With the exception of Churchill Downs’ racing business, every segment achieved growth during 2011. The company’s gaming business recorded a 49 per cent increase in net gaming revenues (NGR) to US$212.63m with a corresponding 34 [...]

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