Churchill Downs Inc. had net income last year of $249.1 million on net revenue of $1.60 billion, a sharp turnaround from financial results of 2020, when the company’s casino and live-racing businesses were heavily impacted by disruptions caused by the coronavirus pandemic, according to financial statements released on Wednesday.
Jerry Zaro, a Thoroughbred breeder and owner and real estate developer, has been appointed to the New York Racing Association’s board of directors to fill the vacancy created by the retirement of former chairman and member Michael Del Giudice.
Churchill Downs Inc. has reached an agreement to purchase “substantially all” of the assets owned by Peninsula Pacific Entertainment, including Colonial Downs in Virginia and its off-track betting network, CDI announced on Tuesday morning.
The Oregon Justice Department on Friday issued an opinion calling the operation of historical horse-racing machines unconstitutional, a decision that could remove a potential revenue source for the state’s only track, Grants Pass Downs.
Rick Dane Jr., a harness trainer who was one of 27 individuals connected to horse racing to be indicted in 2020, has told a federal court he intends to change his plea of not guilty, according to court documents.
Eclipse Awards, Finalists, Horse of the Year, Knicks Go, Essential Quality.
Randy Funkhouser, a breeder and the longtime president of the Charles Town Horsemen’s Benevolent and Protective Association in West Virginia who was widely respected among horsemen nationwide, died on Feb. 4 of complications of diabetes, according to a son. Funkhouser was 70.
Jonathan Kinchen, the television racing personality and public handicapper, will be suspended from competing in any event on the National Horseplayers Championship Tour and its season-ending tournament for at least the next two years, the administrator of the tour announced on Tuesday.
Betting on Thoroughbred races at U.S. tracks in January dropped slightly compared to betting in the same month a year ago, according to figures released by Equibase on Friday, but the total and per-race average this year was up markedly compared to the same month two years ago, prior to the COVID pandemic causing widespread disruptions to economic activity.
A federal jury heard opening statements Thursday in the trial of Seth Fishman and Lisa Giannelli, who were among more than two dozen people connected to horse racing who were indicted in 2020 on charges of misbranding or adulterating drugs.
