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Churchill Downs returns to profit following solid Q2 performance

31st July 2014 7:44 am GMT

US gaming and racing operator Churchill Downs Incorporated (CDI) has reported a 7 per cent increase in net revenue to $303.7m for the second quarter of 2014, following growth across all three of its core business segments.

The company’s online gaming business generated revenue of $57.1m during the quarter, an increase of 9 per cent year-on-year, and now represents nearly 19 per cent of total revenue.

Q2 2014 Net Revenue

The business benefited from [...]

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