Old Sports Spectrum / Louisville Downs to Become State-of-the-Art Facility

Churchill Downs Incorporated to Invest $60M into Louisville Location

“Stronger horse racing means a stronger Kentucky.”

Press Release

Churchill Downs Incorporated has announced it is investing approximately $60 million to construct a state-of-the-art historical racing machine (“HRM”) facility in Louisville. The 85,000-square-foot facility will be built at 4520 Poplar Level Road—Churchill Downs’ former Trackside (also known as the former Sports Spectrum) site, and conveniently located less than half a mile from the Poplar Level Road exit off the Henry Watterson Expressway (I-264). CDI’s request to offer exotic wagering on historical racing was conditionally approved by the Kentucky Horse Racing Commission this afternoon.

“With a state-of-the-art facility and new, innovative historical racing machines, we will deliver an exciting and compelling product for our customers in Louisville. This is a great opportunity for us to revitalize another area of our city while strengthening the Commonwealth’s equine industry through larger purses and greater incentives for Kentucky breeders and owners,” Churchill Downs Race Track president Kevin Flannery said. “Stronger horse racing means a stronger Kentucky.”

historical racing facility

source: CDI

The company says the facility will create 450 new jobs for the local economy, including 250 construction jobs. An estimated 200 new full- and part-time jobs will be created to operate and manage the facility. Churchill Downs will hire both hourly and salaried employees in areas including operations, marketing, finance, food and beverage, maintenance, information technology, human resources, security and administration. Job fairs will be held at Trackside for the neighborhoods surrounding the facility and the Churchill Downs Race Track.

This announcement comes on the heels of CDI’s decision to relocate its TwinSpires.com business to Louisville from Silicon Valley, California, creating more than 70 high-tech, high-paying jobs for the city.

The planned facility will house two quick-service, walk-up food venues, as well as a bar with seating for 50 and large format televisions for guests to take in all the best sporting action year-round. The gaming area will open with 600 cutting-edge historical racing machines and a player’s club reward center offering special perks and benefits, including an exclusive parking area for loyal guests.

Construction is slated to begin later this year, and CDI hopes to open the facility by summer of 2018.

Is Horse Racing Dead? Handle Up on 3-Day Belmont Stakes Racing Festival

Belmont Park horse racingAll-source handle for the three-day Belmont Stakes Racing Festival at Belmont Park was $124,740,193, eclipsing 2016’s all-source handle of $122,816,359.

All-source total on Saturday, which saw Tapwrit win the 149th edition of the Belmont Stakes presented by NYRA Bets, was $93,666,832. Saturday’s on-track handle was $11,594,599, virtually unchanged from 2016’s on-track handle of $11,694,897.

All-source wagering on the Belmont Stakes itself was $47,163,773.

This year’s Belmont Stakes also featured betting in Japan, in a non-commingled pool. The total Belmont Stakes handle from Japan, which is not included in the all-source handle figure, was $4,698,525.

Paid attendance for Belmont Stakes Day was 57,729.

 2017 Handle:

Thursday all-source handle = $10,309,891

Friday all-source handle = $20,763,469

Saturday all-source handle = $93,666,832

Belmont Stakes Racing Festival all-source handle = $124,790,193

Belmont Stakes all-source handle = $47,163,773

Belmont Stakes Japan handle = $4,698,525

Is Horse Racing Dead? Ghostzapper Colt Acquired at 2yo Sale for $800,000

Premier 2yos at Del Mar, SaratogaHuge Price Paid for Fast Two Year Old Colt

A chestnut son of Ghostzapper from the consignment of Cary Frommer was purchased by Susan and Charles Chu for $800,000 late during the second session of the Fasig-Tipton Midlantic 2-year-olds in training sale.

Source: Ghostzapper Colt Acquired by Chu for $800,000

Is Horse Racing Dead? Preakness Ratings Best of all May 20, 2017 Sporting Events on TV

The television ratings for this year’s Preakness Stakes (G1) broadcast on NBC declined from last year, earning a 4.9 rating and 11 share, compared with the 2016 broadcast that earned a 5.8/14.  However, in very positive news …

Source: Preakness Ratings Down, but Best of May 20 Sports

Churchill Downs Expands After Record-Setting Attendance

Churchill winner's circle There are few American sporting events with as much tradition and fanfare like the Kentucky Derby. From the lavish hats to the mint juleps to the many parties, there’s plenty to experience at horse racing’s most prominent event. This year’s race will take place on Saturday, May 6, with “the most exciting two minutes in sports,”… [Read more…]

Is Horse Racing Dead? Tampa Bay Downs Reports Huge Day

Tampa Paddock

Up close and personal at the Tampa Bay Downs paddock

Press Release

When you put more money up for grabs than ever before in track history, it’s logical to expect top-quality racing.

Lambholm South Tampa Bay Derby winner Tapwrit and the other four stakes winners more than delivered.

The Festival Day card on March 11, 2017 produced a track record and three stakes records (four if you count the Columbia Stakes, which was being run at a distance of a mile on the turf for the first time).

A crowd of 10,079 more than did its part to make the day memorable, contributing to total wagering handle of $12,123,021.60, the second-largest figure in Tampa Bay Downs annals.

“We’re extremely pleased and proud to see our biggest day receive such tremendous support from the Tampa Bay community,” said track Vice President-General Manager Peter Berube. “We wish all the participants the best of fortune going forward, and naturally we’re hopeful Tapwrit will move on to compete in the Kentucky Derby (Presented by Yum! Brands).”

The striking gray colt Tapwrit was the unquestioned standout of the afternoon, launching a powerful move approaching the far turn and going on to a four-and-a-half length victory from State of Honor in the Grade II, $350,000 Lambholm South Tampa Bay Derby. His time of 1:42.36 for the mile-and-a-sixteenth is a new stakes record, and would have been a track record had not his stablemate, 5-year-old Stanford, won the $100,000 Challenger at the same distance three races earlier.

Both horses are trained by Todd Pletcher, who won his third consecutive Lambholm South Tampa Bay Derby, fourth in five years and fifth overall.

Also setting a course record was the 3-year-old filly Fifty Five, who won the Grade III, $200,000 Florida Oaks for 3-year-old fillies on the turf in 1:41.60 for the mile-and-a-sixteenth.

Horse Racing Side Wagers with Your Crab Fries?

Chickie’s & Pete’s in Jersey May Offer Off-Track Betting

EGG HARBOR TWP. — If a proposal before the New Jersey Racing Commission is approved, you may be able to get a side bet on a horse race with your crab fries at Chickie’s & Pete’s in Atlantic County. The commission will consider a proposal later this month to establish an off-track betting facility at the… [Read more…]

Horse Racing Club Investment Pays Off for Newbie

horse racing blinkers“The education, through seminars, speaking engagements and financials, has been more than expected and I can honestly say this is the beginning of a new journey for me in horse racing ownership and management,” said Stephens, who is also considering enrolling in the University of Louisville’s Equine Industry Program.

LITTLE ROCK — A passenger in a New Orleans-bound vehicle, the commercial airline pilot battled sporadic cell coverage in South Arkansas to sign up for the Churchill Downs Racing Club.

Source: King: Horse racing club investment pays dividends

Larger Fields could hold Key to Future Horse Racing Success

Players Want Larger Horse Fields

LA Daily News – Los Alamitos Race Course just completed a short winter meet that, according to track officials, was a successful eight days of racing with notable increases in all-sources handle and field size.

Source: Larger fields could hold key to future horse racing success

Is Horse Racing Dead? Maryland Jockey Club Reports Spike in 2016 Handle

The Maryland Jockey Club continued growing its Thoroughbred product and handle in 2016, announcing last month that total handle was up 19.7% from 2015 and in-state wagering was up 18.4%…

Source: Maryland Jockey Club Reports Spike in 2016 Handle