Churchill Downs Inc.

HANDLE…IT’S WORSE THAN YOU THINK

By Ray Paulick  We can blame the economy, and people like National Thoroughbred Racing Association CEO Alex Waldrop will almost certainly do so, when the dismal year-end figures show that pari-mutuel handle in the United States is at its lowest level since 1998.  But pointing to the dismal economy as the sole reason for […]

Continue reading
THE DOLLAR STORE — MAGNA STOCK TANKS AGAIN

By Ray Paulick Stock in Magna Entertainment, which only five months ago went through a 1 for 20 reverse stock split to keep from being delisted by NASDAQ because its share price had fallen under $1 for 30 consecutive trading days, has dropped below that threshold again. After opening the day at $.89, share […]

Continue reading
TWINSPIRES.COM PROBLEMS CAUSE CONTEST CANCELLATION

By Ray Paulick It was billed as the “Biggest Vegas Qualifier Ever,” but horseplayers who paid $250 to enter Saturday’s TwinSpires.com contest in hopes of getting a berth in the annual National Handicapping Championship might call it the biggest online screw-up since the Churchill Downs-owned wagering platform melted down on Kentucky Derby Day earlier […]

Continue reading
WILL DERBY FIELD SIZE BE REDUCED?

By Ray Paulick Bob Evans, president and chief executive officer of Churchill Downs Inc., said during a Friday morning press conference at the company’s flagship track in Louisville, Ky., that the CDI board of directors discussed the possibility of reducing the field size of the Kentucky Derby during a regularly scheduled meeting in New Orleans […]

Continue reading
MONDAY MORNING QUARTERBACK: CHURCHILL VS. HORSEMEN

Ray Paulick What in the world is going on inside the Churchill Downs Inc. executive offices? It’s slashed purses at Calder Race Course in South Florida by 17% and whacked almost $1 million from the fall stakes program at its home track in Louisville, Ky. Key management changes have been made at Calder and Fair […]

Continue reading
DUCHOSSOIS GOBBLES UP CHURCHILL SHARES

By Ray Paulick Richard Duchossois, who became the largest shareholder in Churchill Downs Inc. when his wholly owned Arlington Park racetrack was merged with Churchill in September 2000, has been steadily adding to his holdings over the last 10 months. In September alone, the Chicago industrialist has purchased 17,296 shares of CDI. As part of […]

Continue reading
MONDAY MORNING QUARTERBACK: HIALEAH — A MORTAL LOCK

By Ray Paulick Best unintentionally funny line of the week came from John Brunetti, the owner of Hialeah Park. Discussing a conversation he had with Halsey Minor about the technology wizard’s interest in buying and reviving the shuttered South Florida racetrack, Brunetti was quoted in a trade publication as saying: “I have told […]

Continue reading
HRTVG?

By Ray Paulick TVG, the horse racing channel sold earlier this year when parent Gemstar-TV Guide was purchased by the digital technology company Macrovision (MVSN) , is now being shopped around to potential buyers by Swiss-based financial services company UBS, the Paulick Report has learned. The auction of TVG gives the horse racing […]

Continue reading
IT’S OFFICIAL: CALDER SIMULCAST, SLOTS DEAL DONE

Churchill Downs Inc. and the Florida Horsemen’s Benevolent and Protective Association came to terms on a 2008 purse contract for Calder Race Course and on a contract for slot machines whenever the gambling machines begin operations at the Miami-area track.     The agreement means simulcast will once again be available on Calder’s races, effective this Thursday. The agreement […]

Continue reading
BOLD NEGOTIATIONS

The racing industry is like a three-legged stool with the horseplayers and fans, owners and breeders, and racetracks and wagering companies comprising each of the three legs. Take one away and the stool collapses. Horseplayers, as we all know, are the least organized, though some individuals from that group bet massive sums of money […]

Continue reading
Twitter Twitter
Paulick Report on Instagram