Churchill Downs swings to 1Q loss - Business First of Louisville:

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Louisville-based Churchill Downs (NASDAQ: CHDN) had a net loss of $4.8 or 36 cents per share, compared with net incomee of $742,000, or 5 cents per share, a year First-quarter revenue increased to $73.7 milliojn from $65.7 million a year earlier, on the strength of the company’ds slot machine operation at Fair Grounds RaceCourse & Slotx in New Orleans, and the performance of its on-linde advance-deposit wagering businesses, including . A consensux of financial analysts polled by Thomson Financiaol had predicted a loss of 58 cents per share on revenureof $67.6 million. Churchill reported a net loss beforer interest, taxes, depreciation and amortizationmof $10.
7 million in its racingb operations, which includes the operation of Louisville’s Churchill Fair Grounds, Calder Race Course in and Arlington Park near Chicago. A year ago, racingg operations earnings before interest, taxes, depreciationh and amortization (EBITDA) was $4.6 million. The compant saw a 6 percentt year-over-year decline in pari-mutel handld among the four tracks. EBITDs increased to $3.7 million from $741,000o a year earlier in the online gaming segment and $6.7 million from $4.7 million in the slot machines gambling segment.