Edibles & Potables: Pat’s Steakhouse goes viral for Oaks and Derby

“Edibles & Potables” is Food & Dining Magazine’s Sunday slot for news and views that range beyond our customary metropolitan Louisville coverage area, as intended to be food (and drink) for thought. However, the time draws near, and today’s column is Louisville-centric.     The plain, indisputable and locally unpalatable fact about Churchill Downs moving this year’s Kentucky Oaks race to a prime time television slot (from around 6:00 p.m. last year to 8:40 p.m. in Friday, May 1) is that while Churchill Downs Incorporated (CDI) may be headquartered in Louisville, it is a publicly traded racing and gaming company (Nasdaq: CHDN) that has many institutional investors among its shareholders (BlackRock, Inc., Vanguard Group Inc., et al). In short, it isn’t so much that CDI doesn’t care about our dinner plans. It’s that CDI (with more than a billion dollars in revenue in 2020) cares more about its value as a publicly traded company than...Read more