CDI is a slots company who happens to own some race tracks anymore. In around 2018 once they started with the "historical racing terminals" (slots), they shifted from caring about racing to the fat margins of slots-- an $8k slot machine with 10yr lifespan is more favorable to ongoing purses and horse industry expenses. Handle has been decreasing everywhere for years, so of course they will focus on gaming, instead.
They list "Live and historical wagering" as a line item-- comingling revenue to hide that parimutuel wagering continues to tank/shift towards their preferred/higher margin gaming business. Appendix of their 10-K shows $66MM revenue for all live/simulcast racing in 2022, vs $375MM for historical racing and $755MM for gaming.
If they don't get slot approval from the state legislatures, they just sell the property to be redeveloped, like Hollywood/Arlington/Calder.
They list "Live and historical wagering" as a line item-- comingling revenue to hide that parimutuel wagering continues to tank/shift towards their preferred/higher margin gaming business. Appendix of their 10-K shows $66MM revenue for all live/simulcast racing in 2022, vs $375MM for historical racing and $755MM for gaming.
If they don't get slot approval from the state legislatures, they just sell the property to be redeveloped, like Hollywood/Arlington/Calder.