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Chief Executive Officer for Churchill Downs Incorporated, Bill Carstanjen, commented on the recent opening in a company press release…“We are thrilled that Northern Kentucky will be able to enjoy this premier entertainmen However, local public health officials have since purportedly re-imposed more stern mitigation measures on the areas around the cities of East St Louis and Rock Island as the infection rate in these regions continues to surpass acceptable limits.According to a report from The News-Gazette newspaper, this is the determination of the Commission on Government Forecasting and Accountability (CoGFA) with the biggest comparative decrease in combined receipts at 30% witnessed by the Midwestern state’s collection of ten riverboat casinos....

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4 million Newport Racing & Gaming property in Northern Kentucky.8%.”Immediate intrusion:The News-Gazette reported that CoGFA’s examination moreover determined that tax revenues from sportsbetting in Illinois were virtually non-existent for the period covered due to the fact that the activity was legalized only a few months before the pandemic shut down or delayed a host of major sporting tournaments....

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CoGFA’s statement reportedly read…“Because of this, very little tax revenues, ,224 to be exact, were reported to have been received from the sports wagering tax in the fiscal year.Reportedly read the statement from CoGFA…“The coronavirus pandemic likely hurt lottery sales as customers were more likely to stay at home and some retailers may not have been open, making the lottery less available.CoGFA’s statement reportedly read…“Because of this, very little tax revenues, ,224 to be exact, were reported to have been received from the sports wagering tax in the fiscal year....

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Inconvenient interruption:The newspaper reported that Illinois’ casinos were allowed to re-open from July 1 following an over 15-week coronavirus-induced shutdown so long as they agreed to abide by a range of capacity, social distancing and public health rules designed to help stop the spread of the highly-contagious infection.The new 47,000-square-foot facility is located off Interstate 471 Exit 3 in the Newport Shopping Center and offers 500 historical racing machines (HRMs) from leading companies such as Australian-based slot manufacturer Ainsworth, as well as International Gaming Technology (IGT), and Scientific Games, alongside an area with self-serve kiosks for simulcast wagering on harness and thoroughbred horse races broadcast live from around the country. Also to be implemented is the “Churchill Downs Incorporated (CDI) 360 Degree Approach to Safety” along with initiatives to allow for social distancing, personal protection and enhanced cleaning....

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Reportedly read a statement from CoGFA…“This decline is in large part due to the suspension of video gaming and casino operations between March 16 and June 30, which thereby prevented any revenues from being generated from these sources during this time period.4 million Newport Racing & Gaming property in Northern Kentucky.Churchill Downs Incorporated (Nasdaq: CHDN) has opened its ....

 

 

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