trigger
11-02-2007, 11:28 AM
“(The third quarter) was the best quarter in the company history in regards to handle,” said Gemstar chief executive officer Rich Battista during the call. “Despite the loss of some Churchill Downs tracks during the quarter, we saw strong growth in active advance deposit wagering, and double-digit increases from such key tracks as Belmont, Del Mar and Saratoga; as well as incremental growth from new exclusive tracks such as The Meadowlands, Monmouth Park and Yonkers (Raceway).”
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"Battista repeatedly declined comment on the company’s July announcement that it had launched a strategic review of its operations that may include putting itself up for sale.
One analyst asked if the whole company could be sold, or if specific segments could be purchased by outside buyers.
“We are exploring various options,” Battista said. “We are not going to commit or elaborate right now.”"
http://news.bloodhorse.com//viewstory.asp?id=41820
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"Battista repeatedly declined comment on the company’s July announcement that it had launched a strategic review of its operations that may include putting itself up for sale.
One analyst asked if the whole company could be sold, or if specific segments could be purchased by outside buyers.
“We are exploring various options,” Battista said. “We are not going to commit or elaborate right now.”"
http://news.bloodhorse.com//viewstory.asp?id=41820