Churchill Downs Inc., which operates racetracks including the home of the Kentucky Derby, said Monday it reached an agreement with the Florida Horsemen's Benevolent and Protective Association on a 2008 purse contract at Calder Race Course.
They also reached an agreement on a slots contract for when the track starts slots operations on a date to be determined.
Churchill Downs says Miami-based Calder will resume distributing its signal to the simulcast network, including off-track betting facilities and racetracks around the country, effective Thursday.
Under the terms of the slot agreement, Florida horsemen are guaranteed $14.375 million for purses in the first three full years of the slots operation and 6.75 percent of slot revenue for the remainder of the ten-year term.
One outstanding issue remains, which concerns signal distribution to national account wagering platforms, Churchill Downs said.
Churchill Downs also said it will dismiss without prejudice the lawsuit filed on April 24 against the Florida Horsemen's Benevolent and Protective Association and its officers. The suit will continue against the remaining parties, including the Thoroughbred Horsemen's Group.
Shares of Churchill Downs rose 13 cents to close at $33.85.
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