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Online EBITDA increased 7 percent, or $2.5 million, to $40.3 million over the previous year
The power of the online wagering sector was again illustrated this week when US horse racing giant Churchill Downs posted its record Q4 and FY results for 2012.
Highlights of the Q4 report included:
* TwinSpires and Luckity online brands delivered one quarter of group net revenues.
* Q4-2012 produced record overall revenues that reached $158.5 million, a 6 percent increase over Q4-2011, with online providing a notable boost.
* EBITDA of $17.6 million, second highest all-time fourth-quarter EBITDA and surpassed only by last year's Q4 record of $19.6 million
* Riverwalk acquisition helped to drive an 18 percent increase in Gaming EBITDA
For the full year 2012:
* Record net revenues of $732.4 million, up 5 percent over 2011
* EBITDA of $151.5 million, driven by Online and Gaming growth
* Online handle increased nearly 11 percent, and continues to outpace the industry
* Online EBITDA increased 7 percent, or $2.5 million, to $40.3 million over the previous year, reflecting a 10.9 percent increase in pari-mutuel handle driven by organic growth in customers and average daily wagering..
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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.
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.
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.
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.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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