Churchill Downs reports earnings of $71 million

As reported by Mark Hebert at WHAS-TV:

LOUISVILLE, Ky. (March 4, 2009) - Churchill Downs Incorporated (NASDAQ: CHDN) ("Company") today reported results for the fourth quarter and year ended Dec. 31, 2008.

For the full year, net revenues from continuing operations grew to $430.6 million, a 5 percent increase from the prior-year total of $410.7 million. Net revenues from continuing operations for the fourth quarter of 2008 were $85.9 million, down 3 percent from the previous year total of $89.1 million...

Keep repeating to yourself that the horse industry is in trouble.