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Churchill Boosts Purses By $3.1 Million Thanks To Derby City Gaming Sponsored by:
Before the first race is run Saturday on Opening Night of the 38-day Spring Meet, Churchill Downs Racetrack has announced that purses will be raised an additional $3.1 million thanks to robust business from state-of-the-art historical racing machines at Derby City Gaming.
Total purses offered in the first condition book for horsemen, which covers 190 races over 19 dates through Thursday, May 27, have grown to $22,822,100 for a daily average of $1,201,163. That represents a 5.9% percent increase from the previously published $21,544,000.
Maiden special weight races are now worth $115,000 during Kentucky Derby Week and $100,000 post-Derby, which is up from the previously published $106,000 and $91,000, respectively. Kentucky Derby Week allowance races will range from $118,000 to $125,000 and $102,000 to $109,000 after Derby. They were $109,000 to $116,000 and $93,000 to $100,000, respectivel
Churchill Scraps Plans For First Turn Hotel; CEO Says New Expansion Plans In The Works Sponsored by:
Artist rendering of a planned Churchill Downs Hotel – a project now terminated by CDI executives
On Thursday s quarterly earnings call with Churchill Downs, Inc., CEO Bill Carstanjen announced that the company will scrap plans for a hotel located on the first turn of the Louisville, Ky. racetrack, reports
wdrb.com.
“We may decide to build a hotel at the racetrack in the future, but now is not the right time,” said Carstanjen. “We think we have excellent, alternative projects that offer better returns on our capital over shorter periods.”
Churchill Downs Inc shelves $300 million Louisville project - Louisville Business First bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.