Churchill Downs Looks into Its Online Gambling Venture

Another US company focuses on the pastime

Judging by the statement of Robert Evans, chief exec of the US racing company Churchill Downs Inc, the company sees great potential in its already popular online wagering operations, and has great acquisition plans for the year ahead.

Regarding the growth in 2011 that is mostly attributed to its casino gambling and online horse betting sectors, and commenting on the future acquisitions, Evans said: 'We continue to look closely at every casino that's up for sale, as well as considering additional joint-venture opportunities. We have one of the strongest balance sheets among gaming companies, and we have the financial resources to do more deals.'

He also added that its Twinspires account-wagering internet site will keep getting more investments as the company found online wagering to be an element of growth in the otherwise mostly lethargic thoroughbred racing industry.

'While the broad thoroughbred racing industry may be in decline, there is still a growing, profitable market for top-flight racing combined with entertainment,' Evans explained, giving investors assurances that he plans to keep advocating a change to the Kentucky Constitution to allow casino-style gambling at the state's racetracks.

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