Nike Posts Solid Q3 Amid Adidas Resurgence GoPro To Cut 270 Full-Time Jobs Dodgers Owner Leads $100M DraftKings Investment Adidas' CCM Hockey Brand Up For Sale Again Dick's Ed Stack Outlines Plan To Grow Market Share SMI's Total Revenue For FY '16 Up 3% Churchill Downs Inc. Net Income Of $108.1M In '16 Sources: Adidas Struggles With TaylorMade Sale Minute Media Closes On $15M Investment Round ESPN Still Hurting Disney Quarterly Results
SBD/August 1, 2014/Finance
Churchill Downs Inc. Earns Record Quarterly Revenue, Sees Growth In All Segments
Published August 1, 2014
EXPANDING THE EMPIRE: In New York, Lauren Mineau reported CDI and Saratoga Harness Racing Inc. have "come to an agreement outlining the near finalization of a five-year deal in which CDI will take over management of Saratoga Casino & Raceway and purchase a 25-percent stake" in Saratoga Harness Racing. The deal was "not struck due to any financial woes at either establishment, but instead to finalize an ongoing partnership." Saratoga Casino & Raceway Senior VP/ Marketing & External Affairs Rita Cox said, "This stems from a relationship we've had with them for quite some time. We already work together and share a lot of the same core values." Saratoga Casino & Raceway said that it "does not expect any major management overhauls or changes as of right now" (THE SARATOGIAN, 7/31).