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The Bull Case For Churchill Downs (CHDN) Could Change Following HISA Fee Dispute And Betting Threat
Churchill Downs recently faced enforcement action from the Horseracing Integrity and Safety Authority over US$2,400,000 in unpaid fees for safety inspections and drug testing services, after more than a year of discussions and ongoing federal court challenges.
The dispute raises the prospect that HISA could halt out-of-state betting at Churchill Downs and three affiliated tracks, introducing fresh operational and regulatory uncertainty for a business that remains heavily tied to horse...