Business And Finance Information From Guardian US

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So racing is just not prone to be an enormous source of development for CDI, and, as the only participant in huge-league horse racing that is a public firm listed on the stock alternate, CDI is underneath relentless Wall Street stress to point out greater and larger income and profits. The other major players don’t face the same savage capitalist forces. NYRA is for all sensible functions a not-for-revenue company, as is Keeneland; the Stronach Group is privately held and insulated from quick-term market pressure, and all the remainder are, frankly, minor league. Thus, as a result of it’s uncovered to uncooked market forces, CDI is maybe an early harbinger of racing’s future. If so, that future is not vivid.

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