Strong Third Quarter Earnings for Churchill
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Churchill Downs Inc. reported net earnings of $3.7 million for the third quarter of 2010, up considerably from a net loss of $1.2 million for the same period in 2009.
On the racing side, CDI is expecting a fourth-quarter boost from the Breeders’ Cup World Championships, which it will host Nov. 5-6 at Churchill Downs.
CDI president and chief executive officer Bob Evans, during a Nov. 4 earnings teleconference, said the circumstances surrounding undefeated Zenyatta, who will seek to run her record to 20-for-20 in the Nov. 6 Breeders’ Cup Classic (gr. I), is “one of the great storylines we’ve seen in racing for quite some time.”
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