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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.”
Gambling News :
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
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