Churchill Downs - Sports betting provider benefits from rising consumer spending!
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Business Driver. Churchill Downs (CHDN) is one of the most established players in the entertainment and gambling industry in the USA. Among other events, it hosts the famous Kentucky Derby at the end of May, which has been held since 1875. Additionally, Churchill Downs is one of the leading gambling providers and operators of online and horse betting. As consumer spending rises significantly, Churchill Downs' core business should also benefit. On October 22, Churchill Downs surprised with a much better-than-expected Q3 EPS of $1.09 (previous...
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