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Churchill Downs benefits from gaming & wagering growth

10th May 2011 9:26 am GMT

Churchill Downs Incorporated (CDI) has reported a 54 per cent increase in net revenues to US$131.6m for the first quarter of 2011, following strong growth from the company’s online wagering and gaming businesses.

Net revenues from CDI’s racing operations fell by 2 per cent to $31.6m following declines at all four of the company’s racetracks. Revenues from the company’s Churchill Downs racetrack declined 10 per cent to $2.3m, while revenues dropped 5 per cent at Arlington [...]

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