Beshear Hurting Churchill Downs

For all his talk of protecting the residents of Kentucky from online casinos and outside gambling interests, the governor of Kentucky has done the opposite. Governor Steve Beshear, in an attempt to keep the online casino industry out of his state, and keep all of the gambling dollars to himself, has ended up cutting profits of those gambling interests in the state.

Once the online casino industry got wind of Beshear’s plan, many of them got angry and started fighting. One online casino group, Online Casino Advisory, called for a boycott of the gambling interests and any related companies within the state of Kentucky. Sherman Bradley of the online casino company said that with the governor trying to shut down international businesses, they needed to do something to show their displeasure.

Well, it sees to be working as the stock price of Churchill Downs opened significantly lower on Friday, starting the day at a year long low of $30.04. The company owns several race tracks, and they can expect to see harder times ahead for them as their governor continues on with his attempts to hurt the online casino industry.

There are many online casino websites out there now calling for this boycott, and many are passing it along to non online casino sites as well. The attempts to keep the online casino industry out of the state are obviously backfiring for the governor, yet he keeps pressing on. Much of the pressure for not imposing the ban on the online casino sites is coming from within his own state as residents clamor to be able to continue visiting online casinos.