Churchill Downs Inc. yesterday announced that it had "record revenue" of more than $409M "in the quarter that ended June 30," according to Janet Patton of the LEXINGTON HERALD-LEADER. CDI reported earnings "were down" 3% to $55M. Year-to-date, CDI has reported earnings "were down" 6% to $53.5M. However, the revenue picture "was bright," showing a 35% increase over the same quarter of '14, due to a $6M "increase in profitability for 2015 Kentucky Derby week and especially to the payoff from Big Fish Gaming, the online game company Churchill now owns" (LEXINGTON HERALD-LEADER, 7/30). In Louisville, Gregory Hall notes Big Fish, which CDI acquired last year, added $104.5M "in net revenues during the quarter" and $28.2M "in profit before taxes and other factors." Meanwhile, the company announced that CDI CEO Bill Carstanjen "has been added" to its BOD (Louisville COURIER-JOURNAL, 7/30). BLOODHORSE.com's Frank Angst noted CDI's advance deposit wagering platform, TwinSpires.com, also "enjoyed a strong quarter as total pari-mutuel handle improved 9%" to $289.4M "to pace a 6% improvement in net revenue" to $60.7M compared with the same quarter last year (BLOODHORSE.com, 7/29). At presstime, shares of CHDN were trading at $130.88, up 4.65% from the close of business yesterday (THE DAILY).
