On the sidelines of a pricier Kentucky Derby, the race is on for small-dollar spending [Yahoo! Finance]
Churchill Downs, Incorporated (CHDN)
Last churchill downs, incorporated earnings: 4/29 04:07 pm
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Source: Yahoo! Finance
Ticket prices for the iconic horse race have more than tripled over the past decade , from an average of $378 in 2014 to $1,254 this year on the resale market as of April 22, according to the booking platform TicketSmarter That could reflect strong demand for the race's 150th anniversary, but it's also partly because Louisville's Churchill Downs Racetrack has worked to lure spendier customers through its gates. The facility has shaken up its seating and poured $200 million into a renovation that debuts at this year's Derby and features , among other upgrades, “a new luxury equine-focused dining experience.” “We've had pushback from locals about being priced out,” said Thomas Lambert, an economist who studies the equine industry at the University of Louisville's College of Business, but he added that catering to high rollers tends to be good business across the gaming and hospitality industry. Not only are wealthier attendees more likely to gamble “a decent amount,” Lambert said
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CHDN
News
- Churchill Downs (CHDN) Expands With New Resort in Indiana [Yahoo! Finance]Yahoo! Finance
- Churchill Downs Incorporated (NASDAQ: CHDN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Churchill Downs Incorporated Opens Terre Haute Casino Resort Hotel in Terre Haute, IndianaGlobeNewswire
- Preakness Stakes storylines: Will Mystik Dan be the next Triple Crown winner? [Los Angeles Times (CA)]Los Angeles Times
- Are Consumer Discretionary Stocks Lagging Churchill Downs (CHDN) This Year? [Yahoo! Finance]Yahoo! Finance
CHDN
Earnings
- 4/24/24 - Beat
CHDN
Sec Filings
- 5/1/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- CHDN's page on the SEC website