Churchill Downs Inc. (CHDN: Nasdaq) is scheduled to make an announcement at 9:00 a.m. Eastern Time on Tuesday about the timing of this year's Kentucky Oaks and Kentucky Derby.
This year, the Oaks is scheduled for Friday May 1 and the Derby is scheduled for Saturday May 2 at Churchill Downs in Louisville, Ky.
Amid the coronavirus pandemic, the Centers for Disease Control has recommended that all gatherings with 50 or more people should be postponed at least until mid May.
There is speculation that Churchill Downs will postpone the two races until a weekend in June.
The determination of that rescheduling will depend partly on possible rescheduling of some major Kentucky Derby preps.
The Preakness is scheduled for May 16 at Pimlico in Baltimore and the Belmont Stakes is scheduled for June 6 at Belmont Park in Elmont, N.Y.
The Kentucky Derby, for 3-year-old males, is traditionally run on the first Saturday in May and the Kentucky Oaks, for 3-year-old fillies, is traditionally run the previous day.
On each day, Churchill has six or more additional stakes races and "Derby Week" is annually the most lucrative of the year for many businesses in Louisville.