Churchill Downs still pushing for casino gambling

Cincinnati.com – Churchill Downs executives say they remain “heavily engaged” in the pursuit of casino gambling in Kentucky. In a conference call Thursday with stock analysts about the Louisville-based racetrack and casino company’s 2013 fourth-quarter and full-year earnings, Churchill Downs Inc. Chief Operating Officer Bill Carstanjen said that it’s “getting to crunch time of the session. We have some cause to be optimistic, but our issues are wrapped up in other issues that can affect us that are hard to predict.” Representatives of Kentucky thoroughbred tracks and racing commission member Frank Jones met with state House Speaker Pro Tem Larry…

Churchill Downs enjoys record results in 2013

iGaming Business – US racetrack and casino owner Churchill Downs said that despite achieving record levels of revenue and adjusted EBITDA during the 12 months through to December 31, 2013, it had planned to do “even better”. The firm posted full-year revenue of $779.3 million (€564.8 million), a record amount that was 7% higher than the $731.3 million achieved previous year. Adjusted EBITDA also grew by 11% from $158.3 million in 2012 to a record $176.2 million in the past 12 months. The successful full-year figures were boosted by Churchill Downs’s performance in the three months through to December 31,…

Congressional Committee on Sports Betting

Churchill, Wynn, and Station Casinos to Join AGA

The Washington, D.C.-based American Gaming Association (AGA) announced Tuesday it would add three new members, including Wynn Resorts Ltd. and Station Casinos. Racetrack and casino operator Churchill Downs Inc. also will join the organization, which represents the commercial gaming industry on Capitol Hill. All three companies will add representatives to American Gaming Association’s board of directors. Wynn Resorts Chairman Steve Wynn is expected to join the board. The move would mark Wynn’s return to the organization that he helped found in June 1995. Wynn left the organization after the sale of Mirage Resorts to the then-MGM Grand Corp. in 1999….

Churchill Downs online gambling expansion

Courier Journal – Churchill Downs Inc. is considering adding 50 new positions paying an average of about $100,000 in Louisville as part of its effort to offer online gambling games like poker. The Louisville-based casino and racetrack company received Kentucky Economic Development Finance Authority approval Thursday for $1 million in tax incentives to add employees at its headquarters on North Hurstbourne Parkway as part of a $4 million expansion. A statement issued by company Chairman and Chief Executive Officer Bob Evans said the additional Louisville jobs would be tied to Churchill’s hopes to offer Internet gambling as its legality is…