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Saturday June 18 2011 : Churchill Downs now a company that is increasingly reliant on less traditional revenues
 
The annual shareholders' meeting of US horseracing company Churchill Downs produced some interesting numbers this week, illustrating that the company is increasingly reliant on 'alternative' revenues such as online bets, made possible by carve-outs in US federal legislation.
 
The Thoroughbred Times reports that in 2006 around 90 percent of the company's earnings came from track betting, but that percentage has shrunk to some 40 percent now, with more general casino gambling (slots etc) generating 40 percent, and online betting at TwinSpires.com replacing 20 percent of the traditional income streams.
 
Company executives opined that general gambling revenues could even overtake the traditional revenue stream this year thanks to income from casino operations at Calder Race Course and revenues from its Harlow’s casino in Mississippi - and that's despite closures from storm and flood damage earlier this year.
 
Gaming certainly would surpass racing if gaming is approved for Illinois tracks, which currently awaits only the governor's sign-off. Churchill would add slot machines at Arlington Park as well as its Quad City Downs, currently an off-track betting outlet that could operate as a Standardbred racino if added gaming is approved in the state.
 
Churchill spokesmen told the Thoroughbred Times that adding slot machines at its Illinois properties would give the company about 5,500 total machines at its properties.
 
The company presented numbers showing the importance of the company’s diversification, noting that total U.S. racing handle will be down about $4.3-billion this year as compared to 2006. Between 2003-2010 U.S. races in general have seen a 25 percent decline.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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