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Churchill Downs Incorporated released uninspiring third quarter results
Tuesday November 6,2012 : CHURCHILL DOWNS DELIVERS LACK-LUSTRE RESULTS
But growth opportunities expected to pay off going forward
Louisville, Kentucky-based horse racing firm Churchill Downs Incorporated released uninspiring third quarter results presenting flat growth in overall revenues.
While the Company's online business fared better than its terrestrial horse racing divisions showing a net revenue growth of 9 percent, EBITDA was negatively affected by launch costs of its new real-money gaming site Luckity.com as well as continued expenditure on the development of an exchange wagering platform.
Its equity investment in horseracing television network HRTV also delivered a loss of $0.4 million .
CDI chairman and chief executive officer Robert L. Evans said the Company has made a lot of progress building its portfolio of growth opportunities in the third quarter and in the few weeks since and expects those to deliver in the near future.
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SportsBetting Supreme Court Showdown -
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NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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