Churchill's net income dips despite record revenue
Churchill Downs Inc. had net income of $55 million and record revenue of $409.2 million in the second quarter of 2015, according to financial documents released Wednesday.
Matt HegartyJul 29, 2015
Churchill Downs Inc. had net income of $55 million and record revenue of $409.2 million in the second quarter of 2015, according to financial documents released Wednesday.
The American Association of Equine Practitioners said it will support a ban on the race-day use of the anti-bleeding medication furosemide if an “alternative of equal or greater efficacy” can be identified, the AAEP said on Wednesday as part of a 10-point plan to pursue medication reform.
The American Association of Equine Practitioners said it will support a ban on the race-day use of the anti-bleeding medication furosemide if an “alternative of equal or greater efficacy” can be identified, the AAEP said on Wednesday as part of a 10-point plan to pursue medication reform.
The Massachusetts Gaming Commission tabled a vote on whether to approve three days of live racing this year at Suffolk Downs in East Boston after a group of horsemen contended that a company owned by Frank Stronach was interested in leasing the track, according to officials at the meeting.
Penn National Gaming Inc., which operates dozens of casinos and a handful of racetracks, had net income of $16.9 million in the second quarter of 2015, a $12.7 million gain over the second quarter of last year, according to financial documents released Thursday.
The New Mexico Racing Commission on Wednesday amended a rule on the use of the controversial bronchodilator clenbuterol, banning the drug for Quarter Horses and Thoroughbreds, effective immediately.
A U.S. Senate committee has approved a document that would extend tax-depreciation rules that are favorable to horse and farm owners, according to the National Thoroughbred Racing Association, which lobbies the federal government on racing issues.
Ontrack wagering dipped slightly at the 2015 Oak Tree at Pleasanton meeting. Wagering on live racing was down 3 percent for the 12-day meeting at $4,847,743, compared with $4,987,884 for the 12-day meet in 2014.
Handle on all horse races in California rose by 3 percent in the first half of 2015, to $1,553,197,536, according to figures released by the California Horse Racing Board on Friday.
This year’s Claiming Crown event will be contested on Dec. 5 at Gulfstream Park in Hallandale, Fla., and include nine races instead of eight, the organizers of the event have announced. The new race will be a five-furlong turf race for fillies and mares offering a purse of $110,000.