TwinSpires Spurs Growth of Churchill Down
15 March 2011
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.com, Churchills online advance-deposit wagering platform.
The online business grew 23% and the gaming grew a remarkable 56% and put together the two gambling sectors top the revenue generated by Churchills racing segment.
Churchill president and CEO Robert L. Evans praised the online and gambling growth but conceded the racing end of the business still had its problems,
“We still face a number of challenges as we work to improve the results of our racing operations, including nationwide declines in handle and intense competition for racehorses with tracks that are able to subsidize their purses with alternative gaming revenues.”
Churchills online site TwinSpires.com is currently the only legal way for residents of the United States to bet on horse racing. The site is the end result of the acquisition and integration of Yourbet.com which the bought in June.
02 May 2012Legal Online Horse Betting: The Skill Game of 2012
With the Kentucky Derby right around the corner, all eyes will be on Louisville to watch the spectacle, the celebrities, and, of course, the “Greatest Two Minutes in Sports”. What you may not realize, however, is that you don’t have to be at the race to participate in a little of the action. In fact, Churchill Downs has its own legal online horse betting site–TwinSpires.com–that is backed by one of the biggest names in the horse racing industry, Brisnet.Read full article
01 May 20122012 Kentucky Derby at TwinSpires!
The 2012 Kentucky Derby takes place at Churchill Downs in Louisville, Kentucky on May 5th, and TwinSpires offers legal horse race betting online for horse racing fans! If you have a horse or two in mind for the Kentucky Derby and cannot make it to the track to place your bets, TwinSpires can help you place your horse racing wagers online. And you can watch the Kentucky Derby online through their TV site as well.Read full article
16 March 2011TwinSpires Horse Racing Betting - $100 Sign-up Bonus!
TwinSpires offers a $100 signup bonus to online horse racing bettors, plus free wagering services, a complete list of available tracks, free enrollment in the Twin Spires Club and more! TwinSpires lists more than 250 horse tracks from around the globe, shows more than 20 horse races to bet on during weekdays and more than 30 on weekends. How does TwinSpires get all its information? Because Twin Spires is the official online horse wagering site of Churchill Downs, home of the Kentucky Derby.Read full article