Dalian Wanda Buys Ironman For $650M NYRA's Operating Loss Spikes Despite Triple Crown TwinSpires Signs Breeders' Cup Deal IMG College Buys TopShelf For Hospitality Adidas Seeking Buyer For Golf Brands Adidas Could Spin Off Golf Unit Adidas Buys Fitness App Runtastic For $239M Chime Sold To WPP, Providence Equity Callaway Golf Reports Mixed Q2 Results CDI Reports Record Quarterly Revenue
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).