CHURCHILL DOWNS TO OFFER GAMBLERS A NEW WAY TO LOSE

Churchill Downs Inc. (CHDN) is building an 85,000 sf, $60 million facility, to host historical race wagering by the fall of 2018. Historical race wagering; or instant racing, is similar to slot machines and models games after previously run races. The company will start with 600 machines, and if successful, could look to add similar facilities to its portfolio in the future.

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Churchill Downs CEO sheds more light on $60M gaming facility, Derby’s huge TV showing

Howie Long-Short: What is this, CHDN’s attempt to hedge in case PETA ever gets horse racing banned, like Shamu? Biff Tannen is delivering me a horse racing almanac as we speak. Retirement, here we come.

David Price/Earnings: Sounds like this could be quite profitable down the stretch, if marketed right.

Fan Marino: How big of a degenerate does one have to be, to gamble on a horse race that’s already been completed? Asking for a friend.

Author: John Wall Street

At the intersection of sports & finance.

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