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Tough third quarter for Churchill Downs as net income falls 63%

30th October 2014 8:35 am GMT

US gaming and racetrack operator Churchill Downs Incorporated (CDI) has reported a 6 per cent drop in net revenue to $173.7m for the third quarter of 2014, with the company’s gaming business the only segment to post year-on-year growth.

CDI said that the revenue decline was primarily a result of the leasing of pari-mutuel operations at Calder Race Course and the loss of online wagering in Texas. Results were also impacted by generally soft regional gaming [...]

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