US gaming and racetrack operator Churchill Downs Incorporated has posted a 4 per cent increase in net revenue to $168.3m for the final quarter of 2014, which included the first contribution from the newly acquired social games business Big Fish Games.

Churchill Downs said that the Q4 revenue growth was primarily due to Big Fish Games, which contributed revenue of $13.9m following its acquisition in mid-December.  For the full quarter, total bookings would have been up 33 per cent to $95.4m, with casino bookings climbing 94 per cent to $46.9m.

This helped offset a 21 per cent decline in racing revenue to $30.4m, due to the cessation of pari-mutuel operations at Calder Race Course.

Premium subscribers continue here to the full article.

Related

GIQ Magazine Digital Edition