DOCSLIB.ORG

2007 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2007 Annual Report C HURCHILL DOWNS INCORPORATED 2007 Annual Report Dear Shareholder– The pages that follow provide considerable detail on the performance of your Company during 2007. In this brief letter we would like to highlight three key developments. First, like every company, we want to achieve sustained revenue and earnings growth. In the no-growth U.S. Thoroughbred industry, this is no easy feat. In 2007 we put in place two new business capabilities that we hope will produce such growth. We entered the advance-deposit wagering (“ADW”) business with the launch of Twinspires.com and the subsequent acquisition of the AmericaTAB and Bloodstock Research Information Services companies. Our ADW businesses generated more than $94 million in handle during the fi rst six months we owned them in 2007, and we are confi dent we will further grow this segment of our operations – and its bottom-line impact – in 2008. We launched our fi rst gaming operation in September 2007 with the opening of a 245-machine temporary slot operation at our Fair Grounds Race Course in New Orleans that has exceeded our expectations for average daily net win per machine. While we can’t predict future levels of play, we are very pleased with the temporary facility’s performance to date. The permanent slot machine facility at the Fair Grounds is under construction, and we expect to open it in late 2008 with an initial 600 machines. Finally, we were successful in winning the Jan. 29, 2008, election in Florida’s Miami-Dade County, which will enable us to launch a slot operation at our Calder Race Course. We are currently fi nalizing our plans for this facility. Second, we have put in place what, in our opinion, is a world-class senior leadership team, attracting top management talent from across Kentucky, home to our corporate headquarters, as well as from Philadelphia, San Francisco, Chicago, Boulder, Atlanta, Los Angeles, New Orleans, Miami and Silicon Valley. We are undertaking a signifi cant transformation of the Company and our success depends on having only the very best people. Third, we have been making these changes to the Company while improving our fi nancial results and customer service initiatives. Revenues from continuing operations increased nine percent during 2007 compared to 2006. While overall EBITDA (earnings before interest, taxes, depreciation and amortization) from continuing operations was lower year-over-year, it is important to note that in 2006 we had insurance recoveries of $19.2 million related to storm damage at our Louisiana and Florida Operations, compared to $0.8 million in 2007. Additionally, we had expenditures of $2.6 million in 2007 related to our Florida slots campaign that impacted EBITDA. Our customer service performance improved at all of our tracks and off-track betting (“OTB”) operations, from an average of 88.5 percent to 91.0 percent (of all service activities performed at or above standard) as measured by our “Mystery Shopper” program conducted by an outside fi rm. Our focus in 2008 is on delivering revenue and earnings growth from the ADW and slots initiatives we have launched. We did not make as much progress as we had hoped in 2007 on broadening the scope of our transformational efforts across all of our racetracks and OTB operations, and on reducing our cost structure and improving margins. We will redouble our efforts in these areas in 2008. Finally, we will continue to look for new business opportunities that will sustain our growth beyond the next several years. The quality of both our organization and our balance sheet leave us uniquely positioned to capitalize on the rapidly changing U.S. Thoroughbred industry. Thank you for your investment in Churchill Downs Incorporated, and for your trust in our leadership. Warm regards, Carl F. Pollard Robert L. Evans Chairman President and Chief Executive Offi cer Directors and Offi cers for Churchill Downs Incorporated and Subsidiaries Directors for Offi cers for Churchill Downs Incorporated Churchill Downs Incorporated and Subsidiaries Terms Expiring in 2011 Terms Expiring in 2009 Executive Offi cers Robert L. Fealy Leonard S. Coleman Jr. Executive Vice President and Director, Retired. Former Senior Advisor, Robert L. Evans Duchossois Industries Inc. Major League Baseball President and Chief Executive Offi cer Daniel P. Harrington Craig J. Duchossois William C. Carstanjen President and Chief Executive Offi cer, Chief Executive Offi cer and Director, Executive Vice President and HTV Industries Inc. Duchossois Industries Inc.; Chairman, Chief Development Offi cer The Chamberlain Group Inc.; Director and Chief Executive Offi cer, TCMC Inc. Carl F. Pollard William E. Mudd Owner, Hermitage Farm Robert L. Evans Executive Vice President and Chief Financial Offi cer Darrell R. Wells President and Chief Executive Offi cer, Churchill Downs Incorporated General Partner, Security Management Vernon D. Niven III Company G. Watts Humphrey Jr. Executive Vice President of Technology Initiatives President, GWH Holdings Inc.; Chief Executive Offi cer, IPEG and Centria; Terms Expiring in 2010 Owner, Shawnee Farm Steven P. Sexton Executive Vice President, Richard L. Duchossois Senior Vice President of Kentucky Chairman, Duchossois Industries Inc.; Operations and President of Director, TCMC Inc. Directors Emeriti Churchill Downs Racetrack J. David Grissom Charles W. Bidwill Jr. Chairman, Mayfair Capital Inc.; Chairman, The Glenview Trust Company Catesby W. Clay Seth W. Hancock Frank B. Hower Jr. Managing Partner, Claiborne Farm Ltd.; President, Hancock Farms LLC Stanley F. Hugenberg Jr. Susan Elizabeth Packard Thomas H. Meeker President, Brand Outreach, Scripps Networks Inc. Arthur B. Modell UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2007 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-1469 (Exact name of registrant as specified in its charter) Kentucky 61-0156015 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 700 Central Avenue, Louisville, Kentucky 40208 (502) 636-4400 (Address of principal executive offices) (zip code) (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Common Stock, No Par Value The NASDAQ Stock Market LLC (Title of each class registered) (Name of each exchange on which registered) Securities registered pursuant to Section 12(g) of the Act: None (Title of class) Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ‘ No È Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ‘ No È Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes È No ‘ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ‘ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ‘ Accelerated filer È Non-accelerated filer ‘ Smaller reporting company ‘ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ‘ No È As of March 5, 2008, 13,504,388 shares of the Registrant’s Common Stock were outstanding. As of June 30, 2007, (based upon the closing sale price for such date on the NASDAQ Global Market), the aggregate market value of the shares held by non-affiliates of the Registrant was $517,072,103. Portions of the Registrant’s Proxy Statement for its Annual Meeting of Shareholders to be held on June 19, 2008, are incorporated by reference herein in response to Items 10, 11, 12, 13 and 14 of Part III of Form 10-K. The exhibit index is located on pages 86-91. CHURCHILL DOWNS INCORPORATED INDEX TO ANNUAL REPORT ON FORM 10-K For the Year Ended December 31, 2007 Part I 3 Item 1. Business .................................................................... 3 Item 1A. Risk Factors ................................................................. 17 Item 1B. Unresolved Staff Comments .................................................... 26 Item 2. Properties ................................................................... 26 Item 3. Legal Proceedings ............................................................ 26 Item 4. Submission of Matters to a Vote of Security Holders ................................. 26 Part II 27 Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ........................................................... 27 Item 6. Selected Financial Data ........................................................ 29 Item 7. Management’s Discussion and Analysis of Financial
Load more

Recommended publications
  • CHD-4417.Ver.4
    CDI employees starting at the top, from left to right: Sandi Ho, Tram Vo, Talice Berry, Irene Rodriguez, Patti Boggs, Erin Moen, Angela Manalansan, Mark Fritsche, Shelley Robinson, Princess Van Sickle; all of Hollywood Park’s accounting department – Mike Kohan, general manager at the Merrillville Sports Spectrum – Freddy Lee Smith, Calder security – Bruce Kincaid, backside maintenance at Churchill Downs – Yolanda Buford, human resources manager; Scott Graff, controller; Vicki Baumgardner, vice president, finance, and treasurer; all of Churchill Downs – Dannette Brennan-Smith, Hollywood Park human resources. 2 Churchill Downs Incorporated Letter to our Stockholders President and Chief Executive Thomas H. Meeker and Chairman William S. Farish 1999 Annual Report 3 1999 was the year in which our planning and our commitment to excellence resulted in outstanding progress for Churchill Downs Incorporated. Aided by strategic acquisitions, we achieved record financial results, we reinforced our leadership in the racing industry, and we continued our development of a comprehensive simulcast product. These accomplishments underscore the value of our four-prong business strategy, which continues to guide us as we embark on an era in our industry that will be defined by marketing innovations and technological advances. With progress comes change. Two years ago, our operations were centered in Indiana and Kentucky. We now have five racetracks in four states, including California and Florida. The acquisitions of Calder Race Course and Hollywood Park more than tripled the size of our Company’s assets. In 1997, we had a staff of 325 full-time employees; now we employ 1,000 people full time. To support this growth, the integration of our new properties and any future expansion plans, the Company has built a strong managerial infrastructure, and we are dedicating considerable energies to develop cohesiveness in our practices, which allows us to share resources effectively.
    [Show full text]
  • Minutes New York State Racing and Wagering Board Meeting of July 29, 2011
    MINUTES NEW YORK STATE RACING AND WAGERING BOARD MEETING OF JULY 29, 2011 A meeting of the New York State Racing and Wagering Board was held on Friday, July 29, 2011 at 11:00 a.m. at the Racing & Wagering Board’s Schenectady Office located at 1 Broadway Center, Suite 600, Schenectady, New York. The meeting was called to order at 11:03 a.m. In Attendance Were: John D. Sabini, Chairman Daniel D. Hogan, Member Charles J. Diamond, Member Ronald G. Ochrym, Executive Director Robert Feuerstein, General Counsel Thomas Casaregola, Audits & Investigations Kristen Buckley, Acting Secretary to the Board Also in Attendance Were: Kenneth Council, Director of Administration Lee Park, NYSR&WB Nicole Robilotto, Director of Licensing Michelle Martin, NYSR&WB James Kellogg, NYSR&WB Michael Amo Thomas Spring, Capital OTB OPEN COMMENT PERIOD: Began: 11:03 a.m. Ended: 11:03 a.m. Comments were received from Jackson Leeds via e-mail and are attached to the minutes. No further comments were made. A. The Board approved the minutes of the Board meeting held on June 29, 2011. B. ITEMS PREVIOUSLY APPROVED OR DEFERRED BY THE CHAIR 1. BATAVIA DOWNS/WESTERN REGIONAL OTB – EXPORT TO VARIOUS LOCATIONS IN 2011 For entry into the minutes, on July 14, 2011, the New York State Racing and Wagering Board approved the Batavia Downs request to simulcast its harness racing programs for wagering purposes to the following New York State tracks from July 25 through December 3, 2011: 1. Buffalo Trotting Association. 2. Finger Lakes Racing Association, Inc. 3. Monticello Raceway 4.
    [Show full text]
  • Churchill Downs Inc Form 10-Q Quarterly Report Filed 2021-07-28
    SECURITIES AND EXCHANGE COMMISSION FORM 10-Q Quarterly report pursuant to sections 13 or 15(d) Filing Date: 2021-07-28 | Period of Report: 2021-06-30 SEC Accession No. 0000020212-21-000056 (HTML Version on secdatabase.com) FILER Churchill Downs Inc Mailing Address Business Address 600 N HURSTBOURNE 600 N HURSTBOURNE CIK:20212| IRS No.: 610156015 | State of Incorp.:KY | Fiscal Year End: 1231 PKWY PKWY Type: 10-Q | Act: 34 | File No.: 001-33998 | Film No.: 211122802 STE 400 STE 400 SIC: 7948 Racing, including track operation LOUISVILLE KY 40222-5389 LOUISVILLE KY 40222-5389 15023941166 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33998 Churchill Downs Incorporated (Exact name of registrant as specified in its charter) Kentucky 61-0156015 (State or other jurisdiction of incorporation or (I.R.S. Employer Identification No.) organization) 600 North Hurstbourne Parkway, Suite 400 Louisville, Kentucky 40222 (Address of Principal Executive Offices) (Zip Code) (502) 636-4400 Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, No Par Value CHDN The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • March 31, 2011
    MINUTES NEW YORK STATE RACING AND WAGERING BOARD MEETING OF MARCH 31, 2011 A meeting of the New York State Racing and Wagering Board was held on Thursday, March 31, 2011 at 11:00 a.m. at the Racing & Wagering Board’s Schenectady Office located at 1 Broadway Center, Suite 600, Schenectady, New York. The meeting was called to order at 11:03 a.m. In Attendance Were: John D. Sabini, Chairman Daniel D. Hogan, Member Charles J. Diamond, Member Ronald G. Ochrym, Executive Director Robert Feuerstein, General Counsel Thomas Casaregola, Audits & Investigations Kristen Buckley, Acting Secretary to the Board Also in Attendance Were: James Kellogg, Audits & Investigations Patrick Wade, Audits & Investigations Kenneth Council, Director of Administration Joseph Mahoney, NYSR&WB Nicole Robilotto, Director of Licensing Vivian Davis, NYSR&WB Michelle Martin, NYSR&WB John Googas, NYSR&WB Rick Goodell, NYSR&WB Mark Stuart, NYSR&WB Michael Amo Thomas Spring, Capital OTB Paul Post, Saratogian OPEN COMMENT PERIOD: Began: 11:03 a.m. Ended: 11:03 a.m. Comments were received from Jackson Leeds via e-mail and are attached to the minutes. No further comments were made. A. The Board approved the minutes of the Board meeting held on February 24, 2011. B. ITEMS PREVIOUSLY APPROVED OR DEFERRED BY THE CHAIR 1. BUFFALO RACEWAY – REQUEST TO OFFER HARNESS HANDICAPPING CONTEST For entry into the minutes, on February 17, 2011, the New York State Racing and Wagering Board approved the February 4, 2011 Buffalo Trotting Association, Inc. request to conduct the Harness Handicapping Contest on March 5, 12, 19 and 26, 2011 with the finals being held Saturday, April 9, 2011.
    [Show full text]
  • Kentucky Registered Legislative Employers
    Kentucky Registered Legislative Employers May 26, 2005 4th Street Live, LLC 410-752-5444 Cordish, David 601 East Pratt Street, Suite 600, Baltimore MD 21202 Gunnell, Robert 502-585-3919 200 South Fifth Street, Suite 400N, Louisville KY 40202 Jackson, Jr., Ted 502-585-3919 200 South Fifth Street, Suite 400N, Louisville KY 40202 Mulloy, Timothy M 502-585-3919 200 South Fifth Street, Suite 400N, Louisville KY 40202 Thacker, Leigh A 502-585-3919 200 South Fifth St, Suite 400N, , Louisville KY 40202 Abbott Laboratories, Inc. 847-937-3930 Johnson, Dale R 100 Abbott Park Road, D38L Building AP6B-2, Abbott Park IL 60064 Armstrong, LeTonia 865-540-1506 4708 Hilldale Drive, , Knoxville TN 37914 Accenture 615-313-5301 Wright, Beth N 222 2nd Avenue, N., Suite 360 Mezzanine, Nashville TN 37201 Babbage, Robert A 859-335-5869 632 Centennial Lane, , Lexington KY 40502 Access to Justice Foundation 859-255-9913 Hamon, Jamie O 535 West Second Street, Suite 101, Lexington KY 40508 Hamon, Jamie O 859-255-9913 Access to Justice Foundation, 535 West Second St. Suite 101, Lexington KY 40508 Acordia Employers Service 859-254-7944 Smith, Matthew L P. O. Box 11730, 1510 Newtown Pike, Lexington KY 40577-1730 Smith, Matthew L 859-254-7944 P. O. Box 11730, 1510 Newtown Pike, Lexington KY 40577-1730 ACS Unclaimed Property 617-722-9699 Slade, Bill 260 Franklin Street, 11th Floor, Boston MA 02110 Nolan, Chris 502-875-1176 MML&K, 305 Ann Street, Suite 308, Frankfort KY 40601 Aetna, Inc. 215-775-6101 Cooper, Linda S 980 Jolly Road, , Blue Bell PA 19422 Marshall, Thomas A 502-223-4723 P.
    [Show full text]
  • 1 Prospectus Churchill Downs
    1 PROSPECTUS CHURCHILL DOWNS INCORPORATED 700 CENTRAL AVENUE LOUISVILLE, KENTUCKY 40208 (502) 636-4400 200,000 SHARES OF COMMON STOCK Churchill Downs Incorporated common stock is listed on the Nasdaq National Market under the symbol "CHDN". As used in this prospectus, the term "Churchill Downs" means Churchill Downs Incorporated and its subsidiaries, unless the context indicates a different meaning, and the term "common stock" means Churchill Downs' common stock. The reported last sale price of the Common Stock on the Nasdaq National Market was $32.00 per share on December 14, 2000. These shares of common stock may be sold by TVI Corp., the selling stockholder. If the selling stockholder sells these shares, we will not receive any part of the proceeds from the sale. The selling stockholder may offer its shares of common stock through public or private transactions, on or off the Nasdaq National Market, at prevailing market prices, or at privately negotiated prices. We will pay all the expenses of the registration of common stock by the selling stockholder, other than underwriting discounts and commissions, brokerage fees and similar compensation and transfer taxes, if any. We estimate these expenses will be $32,200. The selling stockholder obtained its shares of common stock on April 21, 1998 in connection with our acquisition of a subsidiary from the selling stockholder. Investing in the common stock involves risks. See "Risk Factors" beginning on page 3 of this prospectus. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
    [Show full text]
  • View Annual Report
    CHURCHILL DOWNS INCORPORATED 2000ANNUAL REPORT consecutive years of record earnings We have kept our focus on the horizon, responded to the changing environment, and now are ready to go the distance. Financial Highlights Story in Brief 2000 1999 1998 1997 1996 (In thousands, except per share data) Operations: Pari-mutuel wagering * $3,244,160 $2,171,023 $1,062,763 $875,644 $817,060 Net revenues 362,016 258,427 147,300 118,907 107,859 Operating income 46,578 32,513 17,143 14,405 12,315 Other income (expense) (13,991) (6,658) 126 568 727 Net earnings 19,164 14,976 10,518 9,148 8,072 Basic net earnings per share 1.77 1.74 1.41 1.25 1.08 Diluted net earnings per share 1.75 1.72 1.40 1.25 1.08 Dividend declared 6,508 4,927 3,762 3,658 2,375 Annual dividend per share 0.50 0.50 0.50 0.25 0.25 Special dividend per share – – – 0.25 0.08 Additions to plant and equipment, exclusive of business acquisitions 22,419 12,083 3,524 4,568 2,571 Depreciation and amortization 17,286 11,306 5,744 4,559 4,814 At period end: Working capital (deficiency) surplus ($31,507) $800 ($7,791) ($8,032) ($10,789) Shareholders’ equity 202,485 138,121 65,231 53,393 47,781 Shareholders’ equity per share 15.55 14.02 8.67 7.30 6.54 Number of shareholders 3,420 3,350 3,100 3,100 3,100 * Pari-mutuel wagering provided for each year represents amounts wagered since acquisition/merger dates for Ellis Park, Calder Race Course, Hollywood Park and Arlington Park.
    [Show full text]
  • 2020 Annual Report on Form 10-K Chairman and CEO’S Message
    Notice of Annual Meeting of Shareholders 2021 Proxy Statement 2020 Annual Report on Form 10-K Chairman and CEO’s Message Dear Fellow Shareholders, Our country faced unprecedented challenges in 2020 stemming from the COVID-19 global pandemic. Our leadership teams’ quick actions to reduce our cost structure, preserve capital and provide additional financial resources in response to this crisis reflected the resilience necessary to weather these difficult times. We are proud of how our leadership team and our team members reacted quickly to the pandemic’s threat to our company and we want to personally thank each of them for their commitment and dedication. Their actions enabled our properties to reopen safely for our team members, our guests, and our communities. In 2020, despite the adversity that our team faced, our portfolio of businesses still generated over $1 billion of revenue and $287 million of Adjusted EBITDA. Also, we had a total shareholder return in 2020 of 43%—a return that significantly exceeded the S&P 500, the Russell 2000, and the S&P Midcap 400 Index. We are especially proud of the following 2020 accomplishments: Š In a very challenging environment, we safely ran the 146th Kentucky Derby, spectator-free on the first Saturday of September, generating double digit positive EBITDA. We protected the safety of our community and team members and also protected the reputation, the brand, and the long-term value of this iconic asset. Š Our TwinSpires Horse Racing business delivered record revenue and Adjusted EBITDA. Š The margin for our wholly-owned casino properties in the second half of 2020 was up 690 basis points excluding quarterly results for properties that were closed during this period.
    [Show full text]
  • FEATURES Inside This Guide 4 10 12 15 SPECIAL EVENTS ART, MUSEUMS GET BACK to COMMUNITY & FESTIVALS & CULTURE NATURE DINING GUIDE
    FEATURES inside this guide 4 10 12 15 SPECIAL EVENTS ART, MUSEUMS GET BACK TO COMMUNITY & FESTIVALS & CULTURE NATURE DINING GUIDE Award-winning Area galleries host Discover why famed Sample our famous music events, live rotating art ornithologist John Western Kentucky thoroughbred horse exhibits on display James Audubon barbecue or racing, arts & crafts throughout the year, chose Henderson as visit one of the festivals, educational and the Henderson the place to paint and many options in exhibits and other Fine Art Center’s study birds. Nature the expanding yearly happenings yearly performances and outdoor downtown dining make Henderson promise fun activities are scene. There are perfect for all ages! for everyone! plentiful here. many great choices. visit us online at www.hendersonky.org travel light The Depot Welcome Center Contact US: 1-800-648-3128 WELCOME (270) 826-3128 Traveling should be hassle-free. Minimize your planning and maximize www.hendersonky.org your vacation in Henderson, Kentucky where there is always something blog.hendersonky.org to do and see! www.twitter.com/tourhendersonky www.facebook.com/hendersonky The Depot Welcome Center, located downtown on the riverfront, is the place to visit for updated news on attractions and happenings in Henderson. Our knowledgeable staff can provide the latest information location: about area events and places to dine and shop. Be sure to visit our 101 N. Water Street, Suite B website, www.hendersonky.org, for the latest news on upcoming Henderson, Kentucky 42420 festivals, a list of lodging options and other useful information for your stay. hOURS: Travel light. Save room for all of the memories you’ll take home.
    [Show full text]
  • Art Collector Delivers Masterclass in Ellis Park Derby Victory
    ftboa.com • Tuesday & Wednesday • August 11 & 12, 2020 FEC/FTBOA PUBLICATION DEADLINE: Art Collector Delivers FSS yearling deadline is Saturday, August 15, 2020 and is $275. Since the deadline falls on a weekend, the Masterclass in Ellis postmarked deadline has been Park Derby Victory extended to Monday, August 17. BY ELLIS PARK In This Issue: PRESS OFFICE_____________ Smooth Like Strait Takes La Jolla H’cap HENDERSON, KY – On Saturday Crazy Beautiful in Runhappy Debutante evening, following a devastating performance at one of racing’s Sole Volante Breezes at Palm Meadows most historic tracks, the consensus Pico d’Oro Breaks Maiden within the thoroughbred racing community was that the question Lady Kate Dominates in Groupie Doll S. of which horse would bear the Spinoff Nabs Stakes Victory in Alydar burden of favoritism in the pan- demic-delayed Kentucky Derby Tiz the Law Even-Money in Derby Futures presented by Woodford Reserve Sacred Life Rallies to Win Oceanport S. (Grade 1) had been answered. Barely 24 hours after Tiz the Gulfstream Park Charts Law threw down the gauntlet with Track Results & Entries his sublime victory in the Grade 1 Florida Stallion Progeny List Travers Stakes at Saratoga Race Course, however, one of Florida Breeders’ List Kentucky’s native sons served up Wire to Wire Business Place a reminder that he plans on being a hostile host to even the most intimidating of challengers head- Featured Advertisers ing to the Sept. 5 Run for the Roses. Bloodstockauction USA Sunday’s $200,000 Runhappy Ellis Park Derby wasn’t the Florida Department of Agriculture endgame for Bruce Lunsford’s FTBOA homebred Art Collector, but the Stonehedge Farm South son of Bernardini looked every bit cranked for what lies ahead at Ocala Breeders’ Feed & Supply Churchill Downs next month Seminole Feed when he drew off to a three-and- one-quarter-length triumph in the mile-and-one-eighth race that FOR ADVERTISING headlined the biggest day in histo- INFORMATION ry at the track known as the Pea Patch.
    [Show full text]
  • 2004 ANNUAL REPORT 3 If You’Re Looking for a Picture of the Chairman and CEO, Please Turn to the Back of the Book
    Financial Highlights1 (in thousands, except per share data) 2004 20032 20022 20012 20002 Pari-mutuel wagering3 $4,552,724 $4,454,254 $4,404,401 $3,890,829 $3,244,160 Operations: Net revenues 463,113 444,056 458,383 443,734 377,447 Operating income 30,689 43,059 43,170 48,796 46,775 Other income (expense) (7,784) (3,877) (9,903) (12,378) (14,305) Net earnings 8,915 23,379 19,635 21,540 19,096 Basic net earnings per share 0.67 1.77 1.50 1.65 1.76 Diluted net earnings per share 0.67 1.75 1.47 1.63 1.75 Annual dividend per share 0.50 0.50 0.50 0.50 0.50 At period end: Total assets 641,958 502,910 467,934 473,418 470,004 Working capital surplus (deficiency) (19,138) (45,018) (26,719) (34,864) (31,507) Long-Term Debt 242,770 126,836 123,348 133,348 158,040 Shareholders’ equity 238,428 251,350 232,130 215,702 201, 488 Shareholders’ equity per share 18.48 18.97 17.64 16.47 15.45 Dividend declared 6,430 6,625 6,578 6,549 6,508 Additions to plant equipment, exclusive of business acquisitions, net 77,172 40,855 22,723 14,626 22,419 Depreciation and amortization 21,960 20,483 19,627 19,993 16,677 1 Please see the Form 10-K, a copy of which is located in this publication, for complete financial statements and related disclosures.
    [Show full text]
  • Meet TED! Ride! Evansville’S Newest Way to Get Around
    New Meet TED! Ride! Evansville’s Newest Way to Get Around Evansville.is/TD Try our new quick links for fast access to our attractions’ websites. (800) 433-3025 • VISITEVANSVILLE.COM Take TED for a cruise! The fastest and easiest way to get around West Franklin, Downtown, and Haynie’s Corner. Evansville.is/TD TED—Trolley of Evansville Districts—is a trolley for everyone that supports Evansville’s blossoming districts, redevelopment of our urban core, and growing tourism industry. Track TED by downloading the DoubleMap App to see route stops and live-time geo-tracking. Let’s Go for a Ride! Take an enchanting whirl on Evansville’s newest attraction. Engelbrecht Carousel at Mesker Park Zoo & Botanic Garden Evansville.is/MP 1545 Mesker Park Drive • (812) 435-6143 The new carousel welcomes you with tributes to the most beautiful creatures from around the globe, including a giraffe, lion, dolphin, red panda and a hummingbird. 2 (800) 433-3025 Detail: VisitEvansville.com MP Mesker Park Zoo & Botanic Garden with Amazonia! Evansville.is/MP 1545 Mesker Park Drive • (812) 435-6143 The zoo spans 50 acres with more than 500 animals and includes botanic gardens surrounding the pathways. You will also find Amazonia — an enclosed exhibit providing a habitat for animals of the South American rainforest. Information subject to change. 3 You may see it on your next stay. So what is… e is for everyone? Family Day in the Park e is for everyone is a community initiative that Evansville.is/FD encourages everyone to connect with someone or Annual festival inspiring diversity and something new, find a unique way to contribute community pride.
    [Show full text]