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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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