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Churchill Downs Posts Q1 Loss Despite Twinspires Growth

6th May 2010 10:57 am GMT

Churchill Downs Incorporated (CDI) has reported a 2 per cent increase in revenues from continuing operations to $75.1m for the first quarter of 2010, positively impacted by revenues from the newly opened Calder Casino in Florida as well as continued growth from the company's online wagering service Twinspires.com.

CDI said that revenues from its online business increased by 8 per cent to $18.0m during the quarter, primarily due to an 8 per cent increase in handle [...]

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