Thursday, July 28, 2011

Churchill Downs Delays Instant Racing

  • {Kentucky}...Churchill Downs Inc. chairman and CEO Bob Evans says the track has no plans to install Instant Racing machines this year. After announcing Churchill's record second-quarter earnings, Evans said the legal dispute over the games, which simulate electronic slots pari-mutuel wagering on previously run horse races, isn't likely to be resolved before next year. Kentucky Downs in Franklin plans to install machines before its meet opens in September, and Ellis Park is likely to follow suit. But, Evans says Churchill continues to be skeptical about the games' ability to compete in the Louisville market, which has casino gambling nearby. Evans says the political climate in Kentucky is focused on the upcoming governor's race between incumbent Democrat Steve Beshear, a supporter of slots at racetracks, and Republican Senate President David Williams, historically an opponent of expanded gambling, and he doubts if much progress will be made until after the November election.