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CDI profits from online betting; plans 2012 poker launch

7th August 2012 9:04 am GMT

US racing and gaming operator Churchill Downs Inc. (CDI) said Monday that it hopes to launch real-money online gaming later this year, as revenues from the company’s existing online business overtook land-based gaming revenues in the second quarter of 2012.

The company reported record net revenues of US$270.8m  for the second quarter, an increase of 8 per cent year-on-year, which it attributed to growth in the online business segment and a record Kentucky Oaks and Derby [...]

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