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\nChurchill Downs Inc. has moved its online wagering operations from Silicon Valley to its Kentucky hometown, where the Kentucky Derby is run at its namesake racetrack.<\/p>\n
\nChurchill Downs Inc. has moved its online wagering operations from Silicon Valley to its Kentucky hometown, where the Kentucky Derby is run at its namesake racetrack.<\/p>\n
A decade ago, when the company was building its TwinSpires online wagering business, the operations were based in California to tap into its high-tech prowess. Now the company is confident it can fill those high-tech skills in Louisville, according to CEO Bill Carstanjen.<\/p>\n
TwinSpires has become a lucrative part of the Louisville-based racing and gambling company as a platform for mobile wagering on thoroughbred, harness and quarter horse races.<\/p>\n
In 2016, $1.1 billion was wagered through TwinSpires, amounting to 10 percent of total betting on U.S. races.<\/p>\n
TwinSpires employs more than 200 people, altogether. That includes operations that will continue in Lexington, Kentucky. It plans to add 25 more Louisville employees. The parent company said it is investing $2.2 million to expand its Louisville offices to house TwinSpires headquarters.<\/p>\n
Carstanjen said no state incentives were used to lure those headquarters to Kentucky. Churchill executives cited efforts to make Louisville a tech hub as a key factor for the relocation.
\nSource: AP<\/p>\n","protected":false},"excerpt":{"rendered":"
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