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Churchill Downs benefits from TwinSpires.com growth

8th May 2012 9:32 am GMT

U.S racetrack operator Churchill Downs Inc (CDI) has reported a 5 per cent increase in net revenues from continuing operations to $131.6m for the first quarter of 2012, following continued strong growth from the company’s TwinSpires.com online wagering business.

Revenues from CDI’s online business grew by 20 per cent to $44.0m, offsetting a decline in racing revenues.

Q1 revenue breakdown

The company’s online wagering business, Twinspires.com saw handle increase by 15 per cent on [...]

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