The Biz

Races, Purses Announced For West Virginia Breeders’ Classics XXXI

The $350,000 West Virginia Breeders’ Classic will highlight a nine-race program worth a total of $1,000,000 in stakes purses when Hollywood Casino at Charles Town Races hosts West Virginia Breeders’ Classics XXXI on Saturday, October 14. As has been the case since the West Virginia Breeders’ Classics was inaugurated by its founders Sam Huff and […]

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Churchill’s Carstanjen: Plans For Trackside Location ‘Start Of Something Bigger’ For Company

Churchill Downs, Inc., CEO Bill Carstanjen began to reveal more information about the company’s plans for the former Trackside location during Churchill’s quarterly earnings conference call. According to Louisville Business First, Carstanjen is in the process of finalizing the design for Trackside, which is located on Poplar Level Road in Louisville. The company is investing $60 million to renovate […]

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Los Alamitos Asks CHRB To Investigate Former Clerk Of Scales

Los Alamitos has asked the California Horse Racing Board to investigate the job performance of the Orange County, California, track’s former clerk of scales. The clerk of scales is responsible for reporting the correct weight of jockeys before and after a race. That weight is reported in the official results chart of the race and […]

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Higher Derby Revenues Propel Churchill Downs To Record Second-Quarter Earnings

Churchill Downs Inc. had net income of $78.3 million in the second quarter of 2017, up 12 percent from the same quarter in 2016, according to financial statements released Wednesday. Churchill Downs Incorporated Reports 2017 Second Quarter Results In the quarter, net revenue increased $13.4 million primarily from a $12.1 million increase from TwinSpires, a $9.2 million increase […]

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Irish Racing Leaders Concerned About What Effect Brexit Will Have On Industry

  Just over one year ago, British citizens voted in favor of ‘Brexit’ – to leave the European Union. Thirteen months later, no one still really knows what effect Brexit will have, not only on Britain and Europe, but also on the rest of the world. Members of Ireland’s Thoroughbred industry are concerned that Brexit will hinder […]

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City Of Solana Beach, Del Mar Fairgrounds At Odds Over Proposed Concert Venue

The City of Solana Beach and the Del Mar Fairgrounds are at odds over the plan to open a 1,900-seat venue at the fairgrounds next year. The project has a target completion date of May 1, 2018. The venue, in addition to having a  two-level live-music venue (organizers plan to host 90 shows per year), will also be […]

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Daily Racing Form Purchased By Z Capital Partners

Private equity management company Z Capital Partners has purchased Sports Information Group, the parent company of Daily Racing Form. The purchase was announced in a July 25 press release from Z Capital Partners, the private equity management arm of Z Capital Group, which describes itself as “a leading global alternative investment manager focused on opportunistic, […]

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A Winning Bet: South Korean Racing Developing Into A Multi-Billion Dollar Industry

South Korea is making a concerted push in its quest to become a major force on the international stage in the sport of horse racing, and one of the ways it is beginning to succeed is by doing things a bit differently. As CNN.com reports, “a two-way process of ‘internationalization’ is underway, with leading foreign jockeys and trainers employed […]

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Churchill: Zoning Board Approves Request For Eight-Foot Fence As Parking Project Continues

The Louisville Zoning Board of Appeals gave its approval Monday to Churchill Downs’ plans to add more landscaping and build an eight-foot fence/wall around the area where the company plans to expand its parking area. WAVE-3 reports that Churchill Downs wants to add the fence as a safety measure, since there have been several break-ins reported in […]

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Massachusetts: Stronach Group, Racing Representatives Discuss Possible Expansion Into State

Tim Ritvo, chief operating officer of The Stronach Group, met with several racing industry representatives in Massachusetts July 24 to discuss the possibility of partnering on a future live Thoroughbred racing venue. The Blood-Horse reports that Ritvo met with state legislators, members of the Massachusetts Gaming Commission, and track owners George and Chris Carney about converting Raynham […]

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