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ONLINE BETTING GOOD FOR CHURCHILL DOWNS
Friday, October 28, 2011 : ONLINE BETTING GOOD FOR CHURCHILL DOWNS
Online arm offsets decline in racing revenues
US racetrack owner Churchill Downs Incorporated's (CDI) online wagering arm Twin Spires.com contributed well towards the company's Q3/2010 results this week.
Twin Spires.com experienced a 4.2 percent increase in wagering compared to the same period in 2010, attributable to a growth in customers and an increase in average-daily wagering through the platform.
EBITDA from CDI’s Online business grew $4.0 million compared to Q3/2010, due to an increase of $2.2 million in pari-mutuel revenue as well as the impact of charges related to the Youbet.com integration that were recorded during the third quarter of 2010.
Robert Evans, chairman and chief executive officer, CDI said: “Once again, the decline in net revenues and EBITDA in our Racing Operations was more than offset by significant gains in our Online and Gaming businesses.”
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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