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CDI growth slowed by underperforming online business

25th April 2013 12:32 pm GMT

US racing and gaming operator Churchill Downs Incorporated (CDI) has posted record revenues of $148.1m for the first quarter of 2013, despite lower-than-expected gaming revenues and a decline from the company’s online wagering business.

Net revenues from continuing operations rose 7 per cent to $148.1m following a 21 per cent increase in gaming revenues to $59.3m, reflecting the contribution of Riverwalk Casino Hotel which was acquired in October of last year.

Q1 2013 Revenues

CDI said however that [...]

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