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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 :

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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