The Louisville, Ky.-based company, which owns racetracks and casinos, and operates an online gambling business, plans to devote most of its investments over the next five to 10 years to grow its racing machine business and technology, rather than racetracks.
Related Posts
Novo Nordisk’s Wegovy Sales Beat Expectations
The pharmaceutical giant narrowed its full-year guidance after its blockbuster Wegovy weight-loss drug beat sales expectations in the third quarter.
CNN to Cut About 100 Jobs, Launch Its First CNN.com Subscription Product
CEO Mark Thompson said it was “a logical possibility” that CNN might pursue a subscription bundle similar to what the New York Times offers.
Warner’s TNT Makes Matching Offer for Amazon’s NBA Package
The company is trying to retain NBA media rights as the league finalizes deals with other partners.