Tag Archives: twinspires.com
- Online betting drives Kentucky Derby to new wagering record
May 7, 2017
Race bettors wagered a record amount on the 143rd annual Kentucky Derby thanks in large part to strong online wagering activity. Lousy weather kept many fans away from the Churchill Downs racetrack this weekend, which culminated in betting favorite Always Dreaming winning the marquee race. The event attracted just over...
- Churchill Downs has record Q3 thanks to casinos and online wagering
October 31, 2013
Louisville, Kentucky-based horseracing, casino and online gambling operator Churchill Downs Inc. (CDI) posted record revenue and earnings in Q3 thanks largely to recent casino acquisitions and a strong showing by its online wagering site TwinSpires.com. In the three months ending Sept. 30, CDI reported revenue of $186.5m (+13%), earnings of...
- Texas judge rejects Churchill Downs’ challenge of online wagering law
September 25, 2013
Louisville, Kentucky-based horseracing operator Churchill Downs Inc. (CDI) has lost its challenge of a Texas law preventing the company from accepting online wagers from state residents. Last October, CDI filed suit in US District Court in Austin, seeking to overturn a 1986 law requiring Texas horse bettors to place their...
- Churchill Downs Q1 profit falls despite record revenue
April 28, 2013
Horseracing and online betting operator Churchill Downs Inc. reported record revenue of $148.1m (+7%) in Q1 2013, but profit fell to $1.1m from $1.4m in the same period last year. The revenue boost was almost wholly provided by the October acquisition of the Riverwalk Casino in Vicksburg, Mississippi, and the...
- Churchill Downs posts record revenue, second best earnings in Q4
February 28, 2013
US horse betting operator Churchill Downs Inc. (CDI) earned record revenues in Q4 2012, thanks largely to its online wagering and non-racing gaming operations. Net revenue rose 6% to a record $158.5m, although earnings fell from Q4 2011’s record $19.6m to $17.6m, but that’s still good enough for CDI’s second...
- TwinSpires, XpressBet ignore Illinois ADW edict; Green Day pisses off horses
January 20, 2013
Illinois never seems to do anything the easy way when it comes to gambling. In 2009, Illinois passed a law okaying advance deposit wagering (ADW), i.e. the betting on horse races via online and telephone, as permitted by the federal Interstate Horseracing Act. (The hypocritical approval of online horse bets...