Churchill CEO Renews Call For Slots

by Rick Howlett on May 7, 2009

The CEO of Churchill Downs, Incorporated says his company will continue to push for expanded gaming to benefit its tracks in Kentucky and Illinois.

Bob Evans told shareholders in a conference call Thursday that the financial gap between tracks that have casino-type gaming and those that only offer racing is growing.

“The solution for tracks without slot is to cut purses, to cut races and race days, or to cut all three,” Evans said.

Evans says such reductions are taking place at many tracks around the country. Churchill Downs has also shortened its race cards by one per day this week.

Recent expanded gaming bills have gained little traction in the Kentucky General Assembly.

Evans says Churchill Downs Incorporated’s revenues have been boosted by casino gaming at its New Orleans track and its online betting operation, but the company remains committed to strengthening its live racing product.

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