Investor Ideas, Trading Ideas and Stocks to Watch : #PlaybyPlay #Podcast: Churchill Downs (NasdaqGS: $CHDN) Approved for Sports Wagers for 6 Properties, Foot Locker (NYSE: $FL) Reports Q2 Results

Friday, August 25, 2023

#PlaybyPlay #Podcast: Churchill Downs (NasdaqGS: $CHDN) Approved for Sports Wagers for 6 Properties, Foot Locker (NYSE: $FL) Reports Q2 Results

#PlaybyPlay #Podcast: Churchill Downs (NasdaqGS: $CHDN) Approved for Sports Wagers for 6 Properties, Foot Locker (NYSE: $FL) Reports Q2 Results

Spanish Soccer Federation President Refuses to Resign Following Kiss Controversy, and WWE Star Bray Wyatt Dies at 36

Vancouver, Kelowna, Delta, BC, August 25, 2023 Investorideas.com, a global investor news source issues today’s edition of Play by Play covering what’s new in sports and esports headlines plus recent news from publicly traded companies..

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https://www.investorideas.com/Audio/Podcasts/2023/082523-Sports.mp3

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Churchill Downs Incorporated (NasdaqGS:CHDN) has announced that the Kentucky Horse Racing Commission (KHRC) has approved temporary licenses for six CDI properties to begin accepting in-person sports wagers on Thursday, September 7, 2023. This, according to the press release, will see CDI’s licensed Race and Sports Books “incorporate sports betting kiosks among existing bar and simulcast areas for guests to place wagers.” Bill Carstanjen, CEO of CDI, said:

“CDI is excited to bring our experience operating retail sports wagering experiences to Kentucky with many thanks to the Kentucky General Assembly, Governor Beshear, the KHRC and the Kentucky Public Protection Cabinet for their efforts in making this a reality. Sports betting as a tourism and economic development opportunity will further strengthen the state’s signature equine industry by bringing new guests into our live and historical racing venues.”

Foot Locker, Inc. (NYSE:FL) has reported its financial results for the second quarter ended July 29, 2023. Highlights include sales of $1.86 billion USD – a decline from the $2.06 billion earned in Q2 of 2022, the opening of 15 new stores, the remodeling or relocation of 16 stores, and the closing of 108 stores. The company’s President and CEO, Mary Dillon, said:

"Our second quarter was broadly in line with our expectations, despite the still-tough consumer backdrop. However, we did see a softening in trends in July and are adjusting our 2023 outlook to allow us to best compete for price-sensitive consumers, while still leaning into the strategic investments that drive our Lace Up plan. Importantly, we are continuing to make progress on our inventory levels and look to best position the business for the upcoming holiday season and into 2024."

Spanish Soccer Federation President Refuses to Resign Following Kiss Controversy, and WWE Star Bray Wyatt Dies at 36

The Associated Press reports that Luis Rubiales, the president of the Spanish soccer federation, has refused to resign today, following the uproar he caused when he kissed a player on the lips without her consent after the Women’s World Cup final. Rubiales is being pressured to quit his position by Spain’s acting prime minister, players’ unions, Spain’s women players, and more. It had been previously reported that Rubiales was planning to step down after grabbing and kissing Jenni Hermoso during the awards ceremony in Sydney, Australia, following Spain’s 1-0 victory over England on Sunday.

“The kiss was the same I could give one of my daughters,” Rubiales said.

Former WWE champion Bray Wyatt died yesterday at the age of 36, according to a report from ESPN. Wyatt, whose real name was Windham Rotunda, had been with WWE since 2009, and was “known for being one of the most creative minds in professional wrestling who pushed the boundaries with innovative characters.” Fellow wrestler Dwayne "The Rock" Johnson posted on X:

“I'm heartbroken over the news of Bray Wyatt’s passing. Always had tremendous respect and love for him and the Rotunda family. Loved his presence, promos, in ring work and connection with @wwe universe. Very unique, cool and rare character, which is hard to create in our crazy world of pro wrestling.”

Sam Mowers, Investorideas.com

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