Churchill Downs Incorporated Promotes Gay, Koenig Loignon to Vice President

Churchill Downs Incorporated (NASDAQ: CHDN) (“CDI” or “Company”) recently promoted two members of its corporate support team to the position of vice president. Ted Gay has been promoted to vice president of business development while Julie Koenig Loignon has been promoted to vice president of communications.

Gay, who joined the Company in 2003 as director of corporate development, reports directly to Chief Development Officer William C. Carstanjen and is responsible for the identification and evaluation of the Company's business development opportunities, including potential acquisitions and partnerships both domestic and international.

Koenig Loignon joined CDI's corporate communications department in 1999 and most recently served as director of communications. She reports directly to President and Chief Executive Officer Thomas H. Meeker and oversees strategic, financial, and crisis communications planning, as well as employee communications and media services for the Company and its flagship racetrack, Churchill Downs.

Both individuals bring a vast array of expertise and proficiency to their positions. Prior to his affiliation with CDI, Gay worked for Stanford Investment Group in Mountain View, Calif., an investment management firm catering to high net worth individuals. Previously, he held several positions with SunTrust Equitable Securities in Atlanta, including positions in SunTrust's loan syndications and investment banking groups. He received a bachelor's degree in economics from the University of Virginia.

Koenig Loignon was introduced to the horse racing industry through her work as a television journalist. She joined WHAS-TV in Louisville, Ky., in 1993 and served as an anchor, reporter, and special projects producer and covered the horse racing and breeding industries. She was also part of the special projects team that produced the station's award-winning Kentucky Derby and Kentucky Derby Festival coverage each year. Prior to her affiliation with WHAS-TV, Koenig Loignon worked as an anchor, reporter, and producer for WANE-TV in her hometown of Fort Wayne, Ind. She holds a Bachelor of Arts degree from DePauw University in Greencastle, Ind.

Churchill Downs Incorporated, headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. CDI’s six racetracks in Florida, Illinois, Indiana, Kentucky and Louisiana host many of North America’s most prestigious races, including the Kentucky Derby and Kentucky Oaks, Arlington Million, Princess Rooney Handicap, Louisiana Derby and Indiana Derby. CDI racetracks have hosted six Breeders’ Cup World Thoroughbred Championships. CDI also owns off-track betting facilities and has interests in various television production, telecommunications and racing services companies that support CDI’s network of simulcasting and racing operations. CDI trades on the NASDAQ National Market under the symbol CHDN and can be found on the Internet at www.churchilldownsincorporated.com.