Archives for April 3, 2020

Horse Racing to Continue in Florida Despite…

Gov. DeSantis Issues Stay Home Order to Curb COVID-19 Spread effective Friday 4/3

One business, though, that won’t be affected by the Florida Republican’s order is the horse racing industry.

Representatives from both Tampa Bay Downs and Gulfstream Park told Casino.org that it will remain business as usual at the two tracks even after the governor’s order goes into effect a minute past midnight on Friday.

Margo Flynn, vice president of Marketing at Tampa Bay Downs, said the track will continue to race as it has since mid-March.

Our plan is to run, with us being closed down to the public and the extraordinary measures we have regarding any horse personnel that need to take care of the horses regardless of the situation,” Flynn said.

Tampa Bay’s meet is scheduled to end on Sunday, May 3.

The latest on Horse Racing in Florida:

The Race Must Go On! Just Not Now and Not for Churchill Downs

Churchill Downs earns the No. 1 rank among its peers in the Leisure-Gaming/Equipment industry group. Studio City International (MSC) and Amaya (TSG) are also among the group’s highest-rated stocks….

“The most recent developments have led us to make some very difficult, but we believe, necessary decisions and our hearts are with those who have been or continue to be affected by this pandemic,” Carstanjen said.

While Churchill Downs’ top-line growth fell last quarter from 38% to 28%, bottom line grew 100%, up from 4% a year earlier. Churchill Downs has a 95 EPS Rating, on a scale of 1 (bleak) to 99 (top notch). That means it’s outperforming 95% of all stocks on earnings growth.