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Churchill to pump extra $1.5 million into purses

Oct 23, 2009
 
Story Timeline:  32 days

Churchill Downs Inc. will add $1.5 million to its purses over the next three years as part of a settlement of a 17-month-old court fight with horsemen over account wagering. The settlement, which includes the new three-year purse agreement, means that Churchill’s races from the fall meet that begins Nov. 1 will be available on the company’s TwinSpires.com account wagering service. It also means Churchill can negotiate contracts with other account wagering companies that took bets on its races during the spring. The agreement, announced Friday, spells the end of the federal lawsuit over how account wagering revenues are split. Churchill had accused horsemen of violating anti-trust laws in negotiations over revenue sharing, while horsemen accused the racetrack company of shorting the amount of account-wagering revenue the track... [read full story]                    

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Latest article on this story:

Churchill Downs, Kentucky HBPA, KTA Announce Three-Year Purse, Simulcast Agreement (Business Wire)

yahoo.com Oct 24, 2009
First article on this story:

Churchill Downs Incorporated’s 2009 Third Quarter Results and Conference Call Announcement

finanznachrichten.de Oct 22, 2009
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