Changed Risks for CHURCHILL DOWNS INC (CHDN)

Here are risks that changed year over year. risks from the recent filings of CHURCHILL DOWNS INC. Our algorithms work hard to highlight risks unique to this company.

Our online wagering business is subject to a variety of laws, many of which are unsettled and still developing and which could subject us to claims or otherwise harm our business

The extent to which we can recover under our insurance policies for damages sustained at our operating properties in the event of inclement weather and casualty events could adversely affect our business

Our Racing segment and TwinSpires business may be adversely affected by the number of people attending and wagering on live horse races

Risks Related to Our Sports Betting and iGaming Business

We may be unable to adequately protect our own intellectual property rights, which could adversely affect our business and results of operations

Any failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness could have a material adverse impact on our business

Our online horseracing wagering business faces strong competition and we expect competition to increase

We may not be able to respond to rapid technological changes in a timely manner, which may cause customer dissatisfaction

The legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization may impact our business, and we expect that competition will continue to grow and intensify

We depend on agreements with industry constituents including horsemen and other racetracks, and the failure to enter into or maintain these agreements on terms acceptable to us could have a material adverse effect on our business, results of operations and financial condition

Failure to comply with laws requiring us to block access to certain individuals, based upon geographic location, may result in legal penalties or impairment to our ability to offer our online wagering products, in general

Our business is subject to online security risk, including cyber-security breaches Loss or misuse of our stored information as a result of such a breach, including customers’ personal information, could lead to government enforcement actions or other litigation, potential liability, or otherwise harm our business

Our insurance costs may increase and we may not be able to obtain similar insurance coverage in the future

We face risks related to pending or future legal proceedings and other actions

We intend to expand our sports betting operations There can be no assurance that we will be able to compete effectively or that our expansion initiatives will be successful and generate sufficient returns on our investment

Ownership and development of our real estate requires significant expenditures and ownership of such properties is subject to risk, including risks related to environmental liabilities

Work stoppages and other labor problems could negatively impact our future plans and limit our operational flexibility

Our racing operations are highly regulated and changes in the regulatory environment could adversely affect our business

Our operations rely heavily on technology services, and catastrophic events and system failures with respect to these technology services could cause a significant and continued disruption to our operations