NasdaqGS:CHDNHospitality
What Churchill Downs (CHDN)'s Earnings Miss and Delinquent Dues Order Means For Shareholders
In recent days, Churchill Downs reported quarterly revenue growth of 6.7% year on year but fell short of analyst expectations for earnings per share and adjusted operating income, while also being ordered by the Horseracing Integrity and Safety Authority to pay US$5.27 million in delinquent dues plus interest by a March 26 deadline or risk losing out-of-state wagering.
This combination of weaker profitability and the possibility of restrictions on simulcasting marquee events such as the...