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CDI’s online growth unable to prevent Q3 revenue decline

6th November 2012 9:25 am GMT

US racing and gaming operator Churchill Downs Inc. (CDI) has reported a 1 per cent drop in net revenues to US$164.9m for the third quarter of 2012, despite continued growth from the company’s online business.

Revenues from CDI’s core racing operations fell by 6 per cent to $62.9m, which the company attributed to three fewer racing days at Churchill Downs Racetrack and weather related cancellations at Calder Race Course.

Q3 2012 Net Revenues

All four of the company’s [...]

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