Re: The Derby will be Delayed - September it now Seems (742 Views)
Posted by: Silver Charm (IP Logged)
Date: March 16, 2020 10:04PM
As far as my original probable date remember a few days ago Keeneland was going to run with no fans. Now there is NO Keeneland Meet. So clearly there have been a lot more thought put into the health situation occurring now.
As far as the CD Stock many sports and gaming stocks have been crushed. Penn Gaming which had Fan Duel went from $32 to $8 since there are literally no sports to bet on. Fanless Derby? Take my word many of the Big Checks for tickets are cut back in December. They sit on the Books as Deferred Revenue. Millions would have to be refunded. Analysts and Investors could have been concerned that Revenue and Cash would be lost. But no longer.....
As far as the CD Stock many sports and gaming stocks have been crushed. Penn Gaming which had Fan Duel went from $32 to $8 since there are literally no sports to bet on. Fanless Derby? Take my word many of the Big Checks for tickets are cut back in December. They sit on the Books as Deferred Revenue. Millions would have to be refunded. Analysts and Investors could have been concerned that Revenue and Cash would be lost. But no longer.....
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