THE PAULICK REPORT via writes: Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced Monday that it has entered into an agreement to purchase 1,250 historical racing machines (“HRMs”) from International Game Technology PLC (“IGT”).
The newly engineered IGT product will operate on Ainsworth Game Technology’s (“Ainsworth”) proprietary HRM system that was co-developed with CDI. These HRMs will feature many player-favorite themes on some of IGT’s highest performing hardware including the CrystalDual® 27, CrystalSlant™ and CrystalCurve™ cabinets and will leverage some of the most recognizable themes in the gaming industry such as Fortune Coin™, Griffin’s Throne™ and Stinkin’ Rich®.
HRMs are approved by the Kentucky Horse Racing Commission and utilize the results of previously run live horse races to generate player outcomes. Continue reading »
Yes, let’s giving gamblers something other than live horse racing to keep them happy which in turn keep racehorses from being bred, wagered on and killed for their entertainment. This is the future. CDI are paving the way not in anyone’s interest but their own and generating mega profits — and the heartbeat of the entire horse racing industry — but we say hurrah if it takes racehorses out of the loop along the way.