Churchill Downs, Inc. (CDI) has several related lines of business: racetracks (Churchill Downs, Arlington Park, Calder Race Course, Fairgrounds Race Course, and 5% of Kentucky Downs); off-track betting facilities in Kentucky, Illinois, and Louisiana; online businesses (TwinSpires advance deposit wagering and Bloodstock Research data services); 50% of HRTV, a television channel; gaming (Calder Casino, Fair [...]

[Read more →]

In the Old World, all swans were thought to be white. Indeed, it was considered to be a fact, as empirically confirmed. No European had ever seen anything but a white swan. Explorers to Australia found black swans. One sighting was all it took to discredit all of the evidence that came before. This illustrates the [...]

[Read more →]

Owing to his behavior, Tiger Woods has lost sponsorship agreements with Accenture, Gatorade, Gillette, and Tag Heuer, with more companies likely to follow suit. Preceding Woods’ troubles, Buick had severed their ties with him because of the financial mess at General Motors. However, sponsorship problems for professional golf were already underway when the Woods’ story [...]

[Read more →]