The Business Of Racing

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So racing is just not likely to be an enormous source of progress for CDI, and, as the only participant in huge-league horse racing that is a public company listed on the stock trade, CDI is under relentless Wall Road stress to point out larger and greater income and earnings. The opposite major players don’t face the same savage capitalist forces. NYRA is for all sensible purposes a not-for-revenue corporation, as is Keeneland; the Stronach Group is privately held and insulated from quick-term market pressure, and all the remaining are, frankly, minor league. Thus, as a result of it’s uncovered to raw market forces, CDI is maybe an early harbinger of racing’s future. If that’s the case, that future isn’t shiny.