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CNBC explores the continually expanding, publicly traded Churchill Downs which now includes the online wagering service Twinspires.com, a 50% stake in Horseracing Television, a $121 million renovation of the main site, and racetracks in Chicago, Miami Gardens, Fla. and New Orleans.
"Run for the Roses" also offers a breakdown of money that surrounds this storied race including the $200 million that is pumped into the Louisville economy, the $100 million-plus in bets, and the $2 million purse.
Interview subjects include Mike Iavarone, CEO of International Equine Acquisitions Holdings, Inc./owner of past Derby champion Big Brown; Chris McCarron, Hall of Fame jockey; Steven Crist, Racing Form publisher, Andrew Beyer, Washington Post horse-racing columnist/author; John Asher, Churchill Downs historian, and Kentucky Derby legend/Hall of Fame jockey Pat Day.
1 comment:
With so much happening in the world or racing today - i'd like to see how we went from packed grandstands to people wagering from their computers - I guess it's a natural progression.
I'll watch CNBC tonight, then the race on Saturday - It's 135 years of tradition. Plus will get choked up over "My Old Kentucky Home."
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