Raising Takeout to Stay Competitive

Two headlines in early April regarding Churchill Downs: * In Louisville Business First (based on a report by WFPL-FM), that the five highest-paid Churchill Downs Inc. (the parent company that owns the tracks, casinos and twinspires.com) executives collected a combined $27.9 million in compensation in 2013. * In the Louisville Courier-Journal, that Churchill Downs will raise its takeout this year to the highest levels allowed under state law. Other than the fact both stories involve Churchill Downs, the two are obviously totally unrelated. But, they give pause to some thoughts about how they actually are related.

Not a subscriber? Click here to sign up for the daily PDF or alerts.

Copy Article Link

X

Never miss another story from the TDN

Click Here to sign up for a free subscription.