Churchill Downs won't get Instant Racing this year, CEO says

Churchill Downs Inc. chairman and CEO Bob Evans said his company has no plans to install "historical racing" or Instant Racing machines this year.

Speaking to stock analysts after announcing Churchill's record second-quarter earnings, Evans said the legal dispute over the games, which simulate electronic slots but are based on pari-mutuel wagering on previously run horse races, isn't likely to be resolved before next year.

Kentucky Downs in Franklin plans to install machines before its meet opens in September, and Ellis Park is likely to follow suit. But Evans said Churchill continues to be skeptical about the games' ability to compete in the Louisville market, which has casino gambling nearby.

Evans was asked about rumors of a possible political referendum in support of expanded gambling. He said the political climate in Kentucky is focused on the upcoming governor's race between incumbent Democrat Steve Beshear, a supporter of slots at racetracks, and Republican Senate President David Williams, historically an opponent of expanded gambling.

"I doubt if much progress will be made until after that vote" in November, Evans said.

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