Parimutuel betting

Churchill Downs Incorporated Announces Exacta Expansion in New Hampshire

Retrieved on:

Monday, March 4, 2024

IGT, Everi Holdings, AGS, Incredible Technologies, CDI, HRM, CHDN, Parimutuel betting

LOUISVILLE, Ky., March 04, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN, “CDI,” or the “Company”) announced today that Exacta Systems® (“Exacta”) has completed the installation of 175 Exacta-technology driven terminals at The Brook in Seabrook, New Hampshire.

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LOUISVILLE, Ky., March 04, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN, “CDI,” or the “Company”) announced today that Exacta Systems® (“Exacta”) has completed the installation of 175 Exacta-technology driven terminals at The Brook in Seabrook, New Hampshire.
Exacta, acquired by CDI in August 2023, is a leading provider of central determinate system technology for historical racing machines (“HRMs”).
“We are pleased to partner with The Brook to expand Exacta’s industry leading HRM technology in New Hampshire,” said Bill Mudd, President and Chief Operating Officer of CDI.
“Our Exacta team is focused on growing our customers businesses by delivering the highest performing and most diverse gaming content available in the market.”

EXACTA SYSTEMS® LIVE AT THE BROOK IN SEABROOK, NEW HAMPSHIRE

Retrieved on:

Monday, March 4, 2024

IGT, HHR, PLAY, Everi Holdings, Parimutuel betting, AGS, LIVE

BOYNTON BEACH, Fla., March 4, 2024 /PRNewswire/ -- Exacta Systems® ("Exacta") announced today that they have completed the installation of 175 Exacta Connect® powered terminals at The Brook, a casino-entertainment destination in Seabrook, New Hampshire.

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BOYNTON BEACH, Fla., March 4, 2024 /PRNewswire/ -- Exacta Systems® ("Exacta") announced today that they have completed the installation of 175 Exacta Connect® powered terminals at The Brook, a casino-entertainment destination in Seabrook, New Hampshire.
These new terminals, powered by the Exacta Connect® system, feature top gaming titles from leading manufacturers like Everi, AGS, Light & Wonder, IGT and IT.
Exacta Systems newest installation at The Brook in New Hampshire.
"With the addition of Exacta Connect, we now have an even wider selection of game manufacturers and titles, giving guests many more reasons to LIVE FREE & PLAY at The Brook."

EXACTA SYSTEMS® TO POWER HISTORICAL HORSE RACING AT DERBY CITY GAMING DOWNTOWN IN LOUISVILLE, KY

Retrieved on:

Thursday, December 7, 2023

Churchill Downs Incorporated, Parimutuel betting, Foot, HHR, Incredible Technologies, AGS, Everi Holdings

BOYNTON BEACH, Fla., Dec. 7, 2023 /PRNewswire/ -- Exacta Systems® continues its steady growth in Historical Horse Racing (HHR) with system installation at Derby City Gaming Downtown in Louisville, KY.

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BOYNTON BEACH, Fla., Dec. 7, 2023 /PRNewswire/ -- Exacta Systems® continues its steady growth in Historical Horse Racing (HHR) with system installation at Derby City Gaming Downtown in Louisville, KY.
This new 43,000-square foot, world class gaming entertainment venue is owned and operated by Churchill Downs Incorporated, and will feature top titles from Everi, AGS, Incredible Technologies and Bluberi, all powered by the Exacta Connect® system.
"Exacta Systems is excited and proud to be launching our system in a Kentucky-based Churchill Downs Incorporated property," said Jeff Clifford, vice president of sales and revenue for Exacta Systems.
"This is certainly an exciting time for our entire team and we couldn't be happier than to have a partner like Exacta alongside us," said Garth Williams, general manager for Derby City Downtown.

Churchill Downs Incorporated Reports 2023 Third Quarter Results

Retrieved on:

Wednesday, October 25, 2023

The Company repurchased $37.3 million of its common stock in the third quarter of 2023 and had approximately $232.9 million of repurchase authority remaining under the Company's share repurchase program as of September 30, 2023, based on trade date.

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The Company repurchased $37.3 million of its common stock in the third quarter of 2023 and had approximately $232.9 million of repurchase authority remaining under the Company's share repurchase program as of September 30, 2023, based on trade date.
The Company's third quarter of 2023 net income was $61.0 million compared to $57.0 million in the prior year quarter.
The following impacted the comparability of the Company's third quarter net income:
$0.9 million after-tax net increase in other nonrecurring expenses.
Arlington's results and exit costs in 2022 and 2023 are treated as an adjustment to EBITDA.

Exacta Bioscience and Ginkgo Bioworks Announce Partnership to Optimize Exacta's Crop Protection Product

Retrieved on:

Thursday, August 31, 2023

Wuhan Institute of Biological Products, DNA, Partnership, Farmer, Crop protection, Nutrient, Fermentation, Parimutuel betting, NYSE, Ginkgo, Nature, Ecosystem, Health, Fine chemical, Agriculture

This can lead to overall better crop health, improved yield and increased resistance to stress conditions such as drought or extreme temperatures.

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This can lead to overall better crop health, improved yield and increased resistance to stress conditions such as drought or extreme temperatures.
Through this partnership, Exacta will use Ginkgo's fermentation and formulation optimization services to reduce the cost of goods to make its FitoRoot technology more competitive.
"We chose Ginkgo because their deep expertise in agricultural product development and optimization positions us to make one of our key crop protection products, FitoRoot, more accessible," said José Bustos, CEO at Exacta Bioscience.
"Exacta Bioscience's emphasis on microbial solutions in crop health brings more sustainable and differentiated solutions to farmers throughout the Americas," said Magalie Guilhabert, Head of Ag Biologicals, Ginkgo Bioworks.

Churchill Downs Incorporated Completes Acquisition of Exacta Systems

Retrieved on:

Tuesday, August 22, 2023

CDI, CHDN, Parimutuel betting, HHR, Transaction, Hand, HRM

LOUISVILLE, Ky., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (NASDAQ: CHDN) announced today that the Company has completed its previously-announced purchase of Exacta Systems, LLC (“Exacta”) for total consideration of $250 million in cash (the “Transaction”), subject to certain working capital and other purchase price adjustments.

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LOUISVILLE, Ky., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (NASDAQ: CHDN) announced today that the Company has completed its previously-announced purchase of Exacta Systems, LLC (“Exacta”) for total consideration of $250 million in cash (the “Transaction”), subject to certain working capital and other purchase price adjustments.
Exacta is a leading provider of technology to support historical horse racing (“HHR”) operations across the country.
CDI will also realize additional operational improvements over time through the diversification of games available at its HRM facilities.
Exacta will operate within the Company’s TwinSpires segment and will continue to service its growing portfolio of third-party HHR operators in Kentucky, Wyoming, and New Hampshire.

EXACTA SYSTEMS PARTNERS WITH INTERBLOCK TO LAUNCH FIRST ELECTRONIC TABLE GAMES (ETG) TO BE POWERED BY HISTORICAL HORSE RACING (HHR) TECHNOLOGY

Retrieved on:

Thursday, August 17, 2023

ETG, Partnership, Parimutuel betting, ETG Designers and Consultants, HHR

BOYNTON BEACH, Fla., Aug. 17, 2023 /PRNewswire/ -- Exacta, a leading innovator in HHR gaming solutions, is excited to announce the first-ever electronic table games to be powered by the Exacta Connect HHR system, created in partnership with Interblock.

Key Points:

BOYNTON BEACH, Fla., Aug. 17, 2023 /PRNewswire/ -- Exacta, a leading innovator in HHR gaming solutions, is excited to announce the first-ever electronic table games to be powered by the Exacta Connect HHR system, created in partnership with Interblock.
This revolutionary move makes Interblock's acclaimed roulette ETG products the first to incorporate Exacta's open-source HHR system.
"Exacta's open-architecture software, unmatched technical expertise, and unwavering commitment to customer service will enable us to integrate Exacta Connect with Interblock's ETGs seamlessly.
"At Interblock, our goal is to build a company synonymous with innovation and leading table game technology.

Canterbury Park Holding Corporation Reports 2023 Second Quarter Results

Retrieved on:

Thursday, August 10, 2023

Second quarter net revenue of $16.3 million and adjusted EBITDA of $2.0 million resulted in adjusted EBITDA as a percentage of revenue of 12.4%.

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Second quarter net revenue of $16.3 million and adjusted EBITDA of $2.0 million resulted in adjusted EBITDA as a percentage of revenue of 12.4%.
Pari-mutuel revenue declined 31.8% year-over-year primarily due to a significant decline in out-of-state handle on Canterbury Park races.
During the second quarter of 2023, we completed the $8.8 million sale of 37 acres of land to Swervo Development Corporation (“Swervo”) which cleared the way for it to begin development of a state-of-the-art amphitheater.
Further financial information for the second quarter ended June 30, 2023 is presented in the accompanying tables at the end of this press release.

Summit Park Welcomes New Members to LEAD Program

Retrieved on:

Tuesday, July 11, 2023

Asset Management, Professional Services, Finance, Aurora, Columbia University, United States service academies, Freedom, Marine Corps Expeditionary Medal, McCombs School of Business, United States Department of the Army, BS, University, Dell, Moses Austin, Combat Aviation Brigade, 101st Airborne Division, Environmental science, UVA, Elliott Aviation, Consultant, Faculty of Political Science and International Relations, Matej Bel University, University of Texas at Austin, Jack Hawkins (U.S. Marine Corps officer), Business, Airborne forces, Aurora Innovation, Record, Electronics, Delta Air Lines, Parimutuel betting, MBA, Kellogg School, University of Virginia Darden School of Business, Associate, Infantry, USS, Summit Park, Utah, Growth, GTM, Dell Technologies, Summit, Northwestern University, Accenture, Management, Entrepreneurship

The LEAD program develops execution-focused and operationally talented executives who assume a meaningful and mission critical role as Chief of Staff at businesses within Summit Park’s portfolio.

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The LEAD program develops execution-focused and operationally talented executives who assume a meaningful and mission critical role as Chief of Staff at businesses within Summit Park’s portfolio.
LEAD executives actively participate in the leadership of the day-to-day operations of the business and assist in the creation and execution of company-wide long-term strategy.
Prior to Delta Air Lines, Fletcher served as an infantry officer in the U.S. Marines for six years.
Prior to joining the LEAD program, Dan was an Operations Manager at Aurora Innovation, a self-driving vehicle technology company.

Summit Park Expands Talent Team, Announces Promotion

Retrieved on:

Wednesday, June 7, 2023

Asset Management, Professional Services, Finance, Park, School, BS, Wake Forest University, Business, Johns Hopkins University, Citigroup, Aspiration, Inc., Growth, Management, Parimutuel betting, Economics, Central Catonsville and Summit Park Historic District

Maddy will be an integral part of the firm’s Value Creation Team and will support Summit Park’s portfolio companies across all strategic human capital and talent initiatives.

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Maddy will be an integral part of the firm’s Value Creation Team and will support Summit Park’s portfolio companies across all strategic human capital and talent initiatives.
Prior to Summit Park, Maddy worked at Citigroup as a Vice President on the Chief of Staff team for the office of the CEO.
Jon McCarthy has been a valued member of the Summit Park investment team since joining as an Associate in 2019.
Bob Calton, Co-Managing Partner at Summit Park, said “We are proud of the continued growth and development within our firm.