Churchill Downs Considering Expanding Online Offerings; 50 new $100K jobs possible
04 September 2013
According to the Courier-Journal.com, Churchill Downs Inc is thinking outside the track when it comes to its online wagering potential. The 138-year-old race track that began the tradition of the Kentucky Derby recently received approval and tax incentives from the Kentucky Economic Development Finance Authority to add up to 50 employees as part of a $4 million expansion. The jobs would be contingent on state or federal government approval of online gambling.
Churchill Downs has offered legal online horse racing for a number of years though their TwinSpires.com site. Where the new employees will be located is a matter of debate at the moment, and Kentucky is providing as much as $1 million in state tax incentives for up to 10 years in order to keep them in state. The new employees could also either join team members in Mountain View, California, where the TwinSpires headquarters are located, or in Atlanta, where Churchill Downs other online gambling presence, Bluff Media, is housed. Churchill Downs acquired Bluff Media, an Atlanta-based online poker company, in February of 2012. The new employees are budgeted to make around $100,000 per year–roughly $81/hour.
Racing returns to the tracks on Friday, September 6, 2013.
15 March 2011TwinSpires Spurs Growth of Churchill Down
Churchill Downs, the race track and gambling company based in Louisville released its fourth quarter results today and showed that it is shifting away from horseracing and there online gambling site Is leading the way.Though results for the quarter were a net loss but it was sufficiently smaller than the same quarter year to date. Net earnings were down for the year by 3% and earnings from racing operations were flat for the year. The growth came from TwinSpires.Read full article
23 May 2007Carve Outs In UIGEA Means Racetracks Can Offer Online Gambling To Non-US Citizens
Bob Evans, CEO of Churchill Downs, told a group at their business luncheon that Churchill Downs and the Kentucky Derby could be the ‘new online casinos in the future catering to non-US citizens’.Mr. Evans said his company is allowed to have an online presence because of the exemption for Internet horse wagering put in the UIGEA. He emphasized his company would be allowed to offer casino and gambling games outside of horse racing if they offered them to non-US citizens.Read full article