Churchill Downs Inc. had record net income of $50.3 million during the second quarter of 2013, the company announced late on Wednesday, as the company continues to reap gains from its leverage of the Kentucky Derby and Kentucky Oaks while benefiting from its acquisition of standalone casinos.
A group that issues model-rules recommendations to all U.S. racing jurisdictions endorsed a new points-based system to penalize medication violations during a full board meeting on Wednesday in Saratoga Springs, N.Y., officials in the organization said.
New York Gov. Andrew Cuomo on Tuesday signed a bill he supported that could potentially lead to seven more casinos in the state provided voters approve a constitutional amendment in a referendum in November.
D. Wayne Lukas, the Hall of Fame trainer, has been appointed by Gov. Steve Beshear to the Kentucky Horse Racing Commission in a term that expires in mid-2016.
As efforts to repeal a federal ban on most types of online gambling pick up, horse racing, the only legal form of online gambling in the U.S., braces for more competition on the Internet.
Former jockey Raul Cespedes, who rode at California tracks from 1967-1982, died of cancer Monday at his home in Fontana, Calif. He was 67.
The Maine Gambling Control Board has approved a deal to sell a casino in Oxford to Churchill Downs Inc., allowing Churchill to close the $160 million transaction, the company announced on Wednesday.
Phil O'Hara, the executive director for racetrack development for Daily Racing Form, has been hired as the executive director of the Mid Atlantic Cooperative, which negotiates simulcasting agreements on behalf of 20 racetracks, the cooperative announced on Tuesday.
Wagering on U.S. races fell in June of this year compared with the same month last year, according to figures released last week by Equibase, but race days fell at a greater rate, leading to higher handle per race day.
Liz Bracken, the vice president of simulcasting for the New York Racing Association, has accepted an associate coordinator’s position with the University of Arizona’s Race Track Industry Program in Tucson, Ariz., the program announced on Monday.
