HOFV vs CHDN
Churchill Downs stock CHDN went from a low of $5.50 to high of $154.00 now presently trading at a price of $134.00.
In 2019 they generated 1.3 billion in yearly revenue with a float of 34M. All this money was generated from Horse race betting alone and nothing else !
Now can you imagine the potential of HOFV with a float of only 2.2M. Phase one is expected to generate 27M - Phase 2 expected to generate 158M
Phase III and further expansion plans to enable further growth within the approved 600-acre Tourism Development District. Phase III will include virtual reality, additional corporate attractions, a third hotel, Fantasy Sports, eGaming, Destination-Based Entertainment Assets, Expanded Youth Sports Programing, Sports Betting to name only a few of the over 20 revenue streams !
The NFL alone being a private company is said to generate 15 Billion a year in revenue. If Churchill Down can generate 1.3 Billion a year off race horse betting alone then there is no reason why HOFV in phase 3 can't generate over billions a year in sales taking the share price above $250 ++++