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Are horseracing execs planning more online gambling?

Discussion in 'General Jive' started by jetset, May 23, 2007.

    May 23, 2007
  1. jetset

    jetset Ueber Meister CAG

    Senior Partner, InfoPowa News Service

    Racetrack executive hints at other Internet possibilities

    The President and CEO of Churchill Downs racetrack in Kentucky has hinted at wider ambitions for online betting activities through the company's Internet betting network.

    Speaking to the Greater Louisville annual small business lunch gathering this week, Churchill Downs CEO Bob Evans hinted that his company's first venture into online account wagering, permitted due to carve-outs in US anti-online gambling legislation, may not be its last.

    The Courier-Journal newspaper in Kentucky covered the luncheon and reported that Evans suggested to entrepreneurs that they try to offer more products through their existing channels, using his firm's TwinSpires site as an example.

    Evans revealed that Churchill's future plans could include extending its brands to play other games in countries where online gambling is legal.

    Given the fact that the Kentucky Derby, Churchill Downs [and] Twin Spires are world renowned brands, why wouldnt we use those brands to enter into businesses that are outside our traditional core of thoroughbred racing, he said.

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