the long-term outlook<\/a> for the gaming company is attractive.<\/p>\nJonas said the operator can double its free cash flow to $1.4 billion by 2026 or 2027, adding that the $200 million paddock project could generate annual return on investment of 10%, while paying for itself in just eight years. That space will include 2,400 standard seats, 3,600 premium seats, and 3,250 standing room only spaces. Regarding horse safety, the company is looking to bolster those standards in advance of the 2024 Kentucky Derby.<\/strong><\/p>\n\u201cWe believe the new initiatives should drive confidence in [Churchill Downs\u2019s] commitment to the safety of the race participants,\u201d concluded Jonas.<\/p>\n","protected":false},"excerpt":{"rendered":"
While there\u2019s no publicly revealed link between the recent 12 equine deaths at Churchill Downs, an analyst believes it\u2019s possible some trainers allowed unhealthy horses to race at the Kentucky track. In a note to clients today, Truist Securities analyst Barry Jonas said he spoke with Churchill Downs (NASDAQ: CHDN) management Monday. That’s as the […]<\/p>\n","protected":false},"author":46,"featured_media":249189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,14577,84511,1074],"tags":[81903,81900,82714,80968],"acf":[],"yoast_head":"\n
Churchill Downs May Have Had Unhealthy Horses Racing<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n