Virginia HHR revenue falls 11.7% on a same-store basis in July
Virginia historical horse racing machine revenue fell 11.7% on a same-store basis in July, although the unadjusted total rose 1.2%, according to the report. Churchill Downs’ Richmond-area parlours recorded a 25.6% decline to $10.3 million, while Cordish Gaming’s temporary Petersburg casino was cited as affecting three Churchill Downs markets.
Operators can use the same-store decline and Petersburg impact to assess competitive pressure on Virginia HHR markets.