Casino News: Churchill Downs Enjoyed Growth Due To Online Gambling

Churchill Downs Enjoyed Growth Due To Online Gambling

 September 1, 2011, 8:32 am (6 years ago)
Churchill Downs, a US based horseracing and gambling group has recently reveled its financial results for the second quarter of 2011. As per Churchill Downs, increase in net revenues 16% year on year to $249.7 million was because of the continuous expansion and growth of its online gambling sector. Total earnings of Churchill Downs is $40 million. In all, its online business has enjoyed 56% increase year on year to $16.7 million in the second quarter of 2011.

Robert Evans, CEO of Churchill Downs said, several years ago, group has adopted some diversification strategy, whose impact is clearly reflected in first quarter.

Robert Evans commented, "Depreciation, Revenues, tax, net earnings and earnings before interest have set a new record in the 2nd quarter that too when Harlow's casino property was temporary."
AddThis Feed Button Bookmark and Share

  Related News
May-09-2008 Poker's top asian pros eye top plum at APT manila
Sep-03-2008 Microgaming's brand new slots
Mar-07-2010 InterCasino goes Intergalactic!
Aug-05-2008 More entertaiment characters in new game launched
Apr-21-2008 Quality Hold'em in new gold game
 Comments (0)    Back to Top
Verification (Enter the text in the image above)
Name
Automatic Translation
Extra extra read all about it, join our newsletter and receive updated online casinos news, useful tips and top bonuses to your email absolutely free!
Email:
Privacy Policy |  Terms of Use |  Gamblers Anonymous
Copyright © 2009 Online Casino Extra