Archives for May 17, 2018

Churchill Downs and Sports Betting

Churchill Downs Incorporated (CDI) (Nasdaq:CHDN) has announced an agreement with Golden Nugget Atlantic City (“Golden Nugget”) to enter into the New Jersey real money online gaming (iGaming) and sports betting markets, subject to sports wagering legislation and gaming license approvals. CDI is targeting the first quarter 2019 to begin accepting legal wagers for iGaming and sports betting in New Jersey.

“We are looking forward to offering integrated iGaming and sports betting products in New Jersey,” said Bill Carstanjen, CEO of Churchill Downs.  “We have the unique opportunity to leverage our knowledge and experience operating the largest legal online horse racing wagering business in the U.S. as we enter the iGaming and sports betting markets.”

“We welcome Churchill Downs, a respected U.S. gaming operator with online wagering experience, to New Jersey,” said Thomas Winter, senior vice president and general manager, Online Gaming, for Landry’s Golden Nugget. “The addition of their offering will allow Golden Nugget Atlantic City to cater to an even larger demographic of New Jersey online players.”

The Golden Nugget Atlantic City, located on Frank S. Farley Marina, is a premier resort destination, offering guests more than 740 rooms and suites.  The Golden Nugget has established strong brand recognition worldwide with locations in Las Vegas and Laughlin, Nevada; Biloxi, Mississippi; and Lake Charles, Louisiana.  Launched in November 2013, GoldenNuggetCasino.com is the number one U.S. online casino and was voted Operator of the Year three years in a row from 2015 to 2017 at the iGaming North America Awards.  Golden Nugget Atlantic City accounts for 35% of the New Jersey online gaming market.

Churchill winner's circleChurchill Downs Incorporated (CDI) (Nasdaq:CHDN), headquartered in Louisville, Kentucky, is an industry-leading racing, gaming and online entertainment company anchored by our iconic flagship event – The Kentucky Derby.  We are the largest legal online account wagering platform for horseracing in the U.S., through our ownership of TwinSpires.com and have announced our plans to enter the U.S. real money online gaming and sports betting markets.  We are also a leader in brick-and-mortar casino gaming with approximately 10,000 gaming positions in eight states.  Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Source: Press Release

2018 Preakness Notes – Part II

Press Release

Quip Ready, Fit Sunday after Breezing 4F
With trainer Rodolphe Brisset aboard, Quip turned in his final timed work for the 143rd Preakness Stakes Sunday morning, breezing a half-mile in 48.20 seconds at Keeneland.
The WinStar Farm homebred son of Distorted Humor, co-owned by WinStar, China Horse Club and SF Racing, covered the first quarter of a mile in 24.40 and was timed in 23.80 for the second quarter. Quip was alone on the track at Keeneland at 6:30 a.m. and beat the heat that spiked later in the morning.
“He did exactly what we wanted and exactly his usual half-mile, out five-eighths,” Brisset said. “There was nothing fancy. We don’t need anything fancy anyway. We’re ready. He’s fit. We let him go off a little faster than 25 and came home in 23, and he galloped out (six furlongs) in 1:12 2/5. That’s his usual. He was by himself. We didn’t want to do more than this.”
Quip won the Tampa Bay Derby (G2) and was second in the Arkansas Derby(G1) to accumulate more than enough points to qualify for the Kentucky Derby, but his connections opted to pass on the Derby and point to the Preakness. A primary reason was that the colt needed more time between races than three weeks from the Arkansas Derby to Kentucky Derby. Also WinStar had interests in three other Derby runners, including the eventual winner, Justify.
Brisset said he likes how Quip looks and is training entering the Preakness.
“He’s shown all the signs that he is back to his own self,” Brisset said. “The race in Arkansas and the trip was pretty hard on him. We gave him an easy week and a half after the Arkansas Derby. We didn’t lose anything because he has been galloping on a daily basis. Then we decided to pick the weather last week – breezing on Thursday (May 3) before the Kentucky Derby to beat the rain. That gives us a good 10 days between his last breeze and this one today. It’s good timing. Now we don’t have to do anything much, just keep him on his basic, regular galloping.”
Quip will be flown to Baltimore on Wednesday. Florent Geroux, who has been aboard for his five career starts, will ride Quip in the Preakness.
Bravazo Turns in 4F Maintenance Breeze
Calumet Farm’s Bravazo, the winner of Fair Grounds’ Risen Star (G2) who was sixth in the Kentucky Derby after being well-beaten in the Louisiana Derby, worked a half-mile in 50 3/5 seconds at Churchill Downs early Sunday morning in preparation for the Preakness Stakes.
Trainer D. Wayne Lukas said he hadn’t seen the official time but had wanted something in the range of 50 seconds. He didn’t need the clocker’s splits to know Bravazo finished nicely.
“I don’t know what the splits were, have no idea,” he said. “I don’t pay any attention to that. I just want to see how they go. What were the splits? Had to be slow first.”
The official splits were 13 seconds for the first eighth-mile, 25 2/5 for the quarter-mile, 38 for three-eighths, with Bravazo going the final eighth-mile in 12 3/5 seconds and galloping out five-eighths of a mile in 1:04 4/5.
“He just ran eight days ago,” Lukas said. “He doesn’t need much.”
Calumet Farm and Lukas teamed in 2013 to win the Preakness with Oxbow, extending the historic Lexington farm’s record number of victories in the race to eight. It was the sixth for Lukas, who along with trainer Bob Baffert would tie the all-time record with another win. R.W. Walden won the Preakness seven times from 1875-1888.
Lukas’ other Preakness candidate, last summer’s Grade 1 Hopeful winner Sporting Chance, who was a troubled fourth in the Pat Day Mile (G3) on the Derby undercard, was scheduled to work a slow half-mile but wound up galloping.