Churchill Downs Inc. (CHDN) said Monday that it has temporarily suspended operations at Calder Casino in Miami as of July 3, less than a month after it was opened. The racing and gaming company said the suspension comes after an emergency order was issued by Miami Mayor Carlos Gimenez to close entertainment venues in an reaction to a rise in COVID-19 cases. New cases in Florida spiked up to 10,352 on July 3, a daily record for the state, according to data provided by Johns Hopkins University ( ). Churchill Downs said it will work with Miami-Date county and state officials to reopen Calder "as soon as it is appropriate to do so." The company had reopened Calder Casino on June 12, after temporarily suspending operations on March 16, as a result of the COVID-19 pandemic. Shares of Churchill Downs rose 2.4% in morning trading. They have slipped 1.4% year to date, while the S&P 500 has lost 1.8%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 06, 2020 09:37 ET (13:37 GMT)
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