Turfway Park Racing & Gaming Celebrates Grand Opening with $50,000 Donation to Local Charities

FLORENCE, KY. (September 1, 2022) Turfway Park Racing & Gaming (“Turfway Park”) opened its doors to the public for the first time at 9 a.m. with a special ribbon cutting ceremony that included Mayor Diane Whalen, Northern Kentucky Chamber President Brent Cooper and Judge Executive Gary Moore. Senior leaders from Churchill Downs Incorporated (“CDI”) and Turfway Park commemorated the special occasion with a $50,000 charitable donation to be split between two local charities: Easterseals Redwood and I Have Wings Breast Cancer Foundation.

The state-of-the-art facility opened its gaming floor featuring 850 historical racing machines after hosting a VIP reception earlier in the week which featured remarks from Kentucky Governor, Andy Beshear. Of the first class facility, the Governor remarked, “While announcements are great, groundbreakings are fun and topping off ceremonies are important, grand openings mean it’s real. It means the jobs are real.” Indeed the $240 million Turfway Park investment has resulted in 800 construction jobs and 400 permanent jobs.

Florence Mayor Diane Whalen was one of the six distinguished guests who made the ceremonial first bet on the machines remarking, “It’s like Dorothy walking over the hill to the Land of Oz – all the bright lights, the newness of the place, the excitement we know it’ll bring to the city.”

In addition to the games like Wheel of Fortune, Buffalo Gold and Ultimate Fire Link, that excitement includes live music entertainment that will perform on the Bourbon and Brew Restaurant stage along with food options from Serena’s Market, named after Serena’s Song, a filly with a historic number of wins at Turfway Park including the 1995 Spiral Stakes. The grand opening also debuted a new event space ideal for banquets, parties and weddings, fulfilling a long-requested need of the local community.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate four gaming entertainment venues with approximately 3,900 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing in the U.S. and we have eight retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,800 slot machines and video lottery terminals and 250 table games. www.churchilldownsincorporated.com

This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions).

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the receipt of regulatory approvals on terms desired or anticipated, unanticipated difficulties or expenditures relating to the proposed transaction, including, without limitation, difficulties that result in the failure to realize expected synergies, efficiencies and cost savings from the proposed transaction within the expected time period (if at all), our ability to obtain financing on the anticipated terms and schedule, disruptions of our or P2E’s current plans, operations and relationships with customers and suppliers caused by the announcement and pendency of the proposed transaction, our and P2E’s ability to consummate a sale-leaseback transaction with respect to the Hard Rock Sioux City on terms desired or anticipated; the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and HRM manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; difficulty in integrating recent or future acquisitions into our operations; inability to identify and / or complete acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs Announces Ground Breaking Partnership with Ed Brown Society

LOUISVILLE, Ky. (Tuesday, May 3, 2022) – Churchill Downs announced today that it has become an Ed Brown Partner. The Ed Brown Partnership of $50,000 is the highest level of participation in support of the work of the Ed Brown Society (“EBS”), named in honor of Edward Dudley Brown, who was born into enslavement in Lexington, Kentucky, and went on to become one of the most accomplished horsemen in the history of Thoroughbred racing. A press conference announcing the news was held this morning with Governor Andy Beshear in attendance, marking the one-year anniversary of his declaration of Derby Week 2021 as “Ed Brown Society Week,” in honor of the important mission of the organization.

EBS was founded by Living The Dream Racing & Stables, Thoroughbred racing syndicates managed by Greg Harbut and Ray Daniels. Most notably, Harbut and Daniels furthered the cause of minority participation in the industry through their respective ownership interests in 2020 Derby runner, Necker Island. They, along with Living The Dream Racing & Stables partners, have continued to advance diversity, equity and inclusion through EBS, which celebrates the rich history of African Americans in the equine industry and creates opportunities for young people of color to gain industry exposure, training and experience.

“The Ed Brown Society has an incredibly important mission: Providing mentorship to the next generation of African-Americans in the multi-billion-dollar horseracing industry,” Governor Beshear said. “Thank you and congratulations to both of these institutions for moving our commonwealth forward with this innovative partnership.”

“Churchill Downs is committed to strengthening diversity both within our own organization and across the entire industry,” said Cathy Shircliff, Director of Community Relations. “We look forward to deepening our partnership with the Ed Brown Society to further their work to create inclusive opportunities for young people of color in the horseracing industry. This company hopes to be one of the many launch pads to the success of future Ed Brown Scholars.”

“As a third-generation horseman, and one of the few African American professionals in the industry, I am extremely excited about the work of the Ed Brown Society and I am delighted that Churchill Downs has joined us to advance our mission,” said EBS Chairman Greg Harbut, whose great-grandfather was the world-renowned groom of Man O’ War.

This morning the Ed Brown Society announced the hiring of Executive Director Daryl Love. Love most recently served as the Executive Director of Career Services at Kentucky State University, a role that will be utilized greatly in the placement of Ed Brown Scholars within partner organizations like Churchill Downs.

Ed Brown Society joined Churchill Downs in 2021 when they introduced Champions for Change as part of their Kentucky Derby Week programming to demonstrate an industry-wide commitment to increasing diversity and inclusivity in the sport of horse racing. This year on May 3rd, representatives of the Ed Brown Society, including Ed Brown Scholar Deja’ Robinson, will once again be on hand at Churchill Downs for Champions Day: Champions for Change “Ladies in Racing.”

About Churchill Downs Racetrack

Churchill Downs Racetrack (“CDRT”), the world’s most legendary racetrack, has been the home of The Kentucky Derby, the longest continually held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in the Spring, September, and the Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7/8-mile turf track, a stabling area, and provides seating for approximately 60,000 guests. The saddling paddock and the stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round simulcast wagering facility. www.ChurchillDowns.com.

About Ed Brown Society

Founded by Living The Dream Racing & Stables, the Ed Brown Society (EBS) celebrates the rich history of African-Americans in the equine industry while creating opportunities for young people of color to gain industry exposure, training, and experience, through internships and scholarships.  EBS focuses on identifying and qualifying students of color, with demonstrated interest, skills and commitment, to become successful professionals in all aspects of the thoroughbred industry.  For more information about EBS visit www.EdBrownSociety.com.

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Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs Supports Tornado Relief Efforts with $50,000 Donation from Kentucky and Ohio Properties

LOUISVILLE, KY., (December 15, 2021) Churchill Downs Incorporated joined community partner Kroger, ESPN 680 Louisville and Louisville, Kentucky-based Phocus to support vital relief and recovery efforts following devastating tornados in Kentucky. CDI donated $50,000 to the Mayfield Graves County Tornado Relief Fund on behalf of its Kentucky properties which include Churchill Downs Racetrack, Derby City Gaming, Turfway Racing & Gaming, Newport Racing & Gaming and Oak Grove Racing, Gaming & Hotel located in the western part of the state. Miami Valley Gaming, CDI’s jointly-owned property with Delaware North located in Lebanon, Ohio, joined the efforts with a financial contribution to support their Kentucky neighbors.

The Mayfield Graves County Tornado Relief Fund was established through Independence Bank and the Muhlenberg County Long Term Disaster Relief Fund. On Wednesday, December 15, ESPN 680 Louisville will be at Kroger Stony Brook (9080 Taylorsville Rd, Louisville, KY 40299) from 7 a.m. to 6 p.m. for a live broadcast event where they will be collecting monetary donations for families, first responders and communities affected by the disaster.

“Kentucky is known is for its unbridled spirit,” said Tonya Abeln, president of Churchill Downs Incorporated Foundation. “At Churchill Downs, we couldn’t do what we do without the strength of Kentucky behind us. We know the sun will shine bright on our old Kentucky home again, but there are some dark days ahead as we try to rebuild all that has been lost. Today, we send support and love to our fellow Kentuckians who have suffered so greatly at the indiscriminate hands of this natural disaster.”

You can join Churchill Downs’ efforts to support Kentucky tornado disaster relief and recovery by donating to the Churchill Downs Foundation at the following link. Churchill Downs will donate 100% of the money donated to its Foundation through the end of 2021 to the Mayfield Graves County Tornado Relief Fund.

CDI Foundation - Kentucky Tornado Relief Donation Link

This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions).

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Tonya Abeln
Vice President, Corporate Communications

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CDI Team Fills The Hope Buss with 148 Bags of Warmth for the Holidays to Commemorate Kentucky Derby 148

Team members from Churchill Downs Incorporated came together to deliver some hope to the community by packing The Hope Buss with essential winter items ahead of the Thanksgiving holiday. The CDI employees, which consisted of members from the company’s corporate office, United Tote and TwinSpires business units, donated scarves, gloves, hats, socks, canned heat and hand and foot warmers to be distributed. The collection resulted in 148 bags that were donated to The Hope Buss to commemorate the upcoming 148th running of the Kentucky Derby as well as food items to be used toward Thanksgiving meals that will be cooked and delivered by The Hope Buss on Thanksgiving Day.

“Team members at CDI are always interested in participating in activities that allow them to give back to their community,” said Saundra Mattingly, CDI’s coordinator for this year’s donation drive. “Our goal was to engage by doing more than just donating, but to team build by filling 148 bags with items that many of us may take for granted, but that will truly change the circumstances of some less fortunate in our community. Finally, it was important to interact with the incredible team from The Hope BUSS and see this transformative vehicle that will be delivering hope throughout Louisville.”

Some team members will serve as “Hope Dealers” in the days leading to Thanksgiving by joining The Hope Buss in serving the houseless community.

To learn more about The Hope Buss, please visit TheHopeBuss.org.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions).

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
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Derby City Gaming Debuts Charitable Donation Stations

Volunteers of America Named First Featured Beneficiary

 LOUISVILLE, KY., (Oct. 7, 2021) As part of Derby City Gaming’s ongoing charitable initiatives, the entertainment venue launched today new donation stations to be located throughout the property. The stations will provide guests with an outlet to donate change, cash or vouchers to a featured community or nonprofit partner. The featured partners will rotate quarterly beginning in 2022 and will be voted on by Derby City Gaming team members. The program debuted with a ribbon cutting that named Volunteers of America the first beneficiary.

“The entire team at Derby City Gaming is really excited to encourage guests to join them in their charitable efforts,” said Cathy Shircliff, Director of Community Relations at Churchill Downs Incorporated. “It is such a simple way to give back. So many of our guests cash out with some change left on their voucher. Why not donate that to a good cause?”

Volunteers of America is a nonprofit organization that has been helping America’s most vulnerable for 125 years. Donations from Derby City Gaming’s donation stations will go to two of its programs: Freedom House that helps women who are pregnant or parenting struggling with addiction, and Unity House, that helps homeless youth and their parents.

Jennifer Hancock, Volunteers of America Mid-States CEO told WDRB news, “I think there is another outcome associated with this giving opportunity, which is to raise awareness about issues of addiction and homelessness in our community and give all the patrons of Derby City Gaming an opportunity to learn about how Volunteers of America is taking care of our most vulnerable and giving them an opportunity to partner with us in our mission.”

In 2019, Derby City Gaming donated $50,000 to Volunteers of America which helped them open the fourth addiction recovery house for women who are pregnant and parenting in southeastern Kentucky. The new facility was opened in Manchester, Kentucky, the first of its kind in an area hit hardest by the opioid epidemic.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have eight retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). 

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs Incorporated Announces Historical Racing Machine Expansion in Downtown Louisville

LOUISVILLE, KY., (Sept. 30, 2021) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today plans to open a new historical racing machine (“HRM”) entertainment venue, Derby City Gaming Downtown, in Louisville, Kentucky. The 43,000-square-foot entertainment venue will be located at 140 South 4th Street, at the corner of South 4th and West Market, diagonal to the Kentucky International Convention Center.

The investment in the new entertainment venue will create 450 jobs for the local economy, including 350 construction jobs and more than 100 new permanent jobs. The Company will collaborate with OneWest and other community organizations in an intentional effort to provide job opportunities at the entertainment venue to individuals residing in Louisville’s most under-resourced neighborhoods as well as provide training and additional social support services that focus on retention, workforce development and professional advancement. CDI will increase its efforts to identify and contract with Women-and Minority-Owned Businesses for supply chain and contracting needs.Derby City Gaming Downtown will initially include 500 HRMs, a fresh-air gaming area and over 200 onsite parking spaces. The new entertainment venue will provide guests — including locals, tourists and convention attendees — three unique bar concepts: a main-level sports bar with a stage for music and live entertainment, a premium bourbon library and an elegant wine and charcuterie lounge. A retail and merchandise store will be located on the street level where guests can shop for Kentucky Derby-themed merchandise. Construction on Derby City Gaming Downtown will begin later this year with an anticipated opening date in early 2023.

CDI also announced a pledge of $1 million to the West End Opportunity Partnership (the “Partnership”), a collaborative community-led initiative that will finance projects to kick start economic development and quality of life improvements in a district comprised of nine West End neighborhoods: Shawnee, Portland, Russell, Chickasaw, Parkland, California, Park Hill, Park Duvalle and Algonquin. The new tax increment financing (“TIF”) district was established by legislation championed and passed by State Senators Robert Stivers, Julie Raque Adams, Morgan McGarvey and Gerald Neal, and State Representatives Ken Fleming and Pamela Stevenson. The TIF guarantees that for the next 20 years, 80% of new tax revenue generated in those neighborhoods will be returned to the Partnership to reinvest in economic development projects and homeowner stabilization in the West End. The seed money and proceeds will be managed by a Partnership board comprised of neighborhood residents and appointees from community organizations.

“CDI is committed to investing in the city of Louisville and today we are particularly excited to announce this new downtown entertainment venue," said Bill Carstanjen, CEO of CDI. “Our HRM expansion will be a win for the entire community in the Louisville area and will create $10 to $12 million per year in additional purse money for Churchill Downs Racetrack. It is important that Louisville is a city that is thriving — a great place to live, work and visit and we are committed to helping create economic vibrancy for every area of our community. The West End Opportunity Partnership and our collaboration with OneWest can help us responsibly and sustainably achieve that vision.”

“We applaud Churchill Downs for their continued investment in Louisville’s hospitality infrastructure. Having a downtown touchpoint with one of our most iconic brand pillars is a boon to helping us successfully market our destination,” said Cleo Battle, Louisville Tourism President & CEO. “The attraction will fulfill a need for much-requested evening options for convention delegates and give locals and visitors alike another authentic experience to enjoy in the heart of Bourbon & Derby City.”

“Today, Churchill Downs becomes an important component of a downtown Louisville revitalization that has been gaining momentum the last several years. Downtown is our community’s center, and as the economic engine of the region, our downtown also is our region’s center,” said Mayor Greg Fischer. “Derby City Gaming Downtown will bring even more life to Fourth Street with just shy of an acre’s worth of space for more entertainment offerings, another stop for bourbon fans, a shopping outlet for Kentucky Derby merchandise and permanent jobs to downtown. Thank you, Churchill Downs, for your commitment, your investment and for your belief in our great city.”

“OneWest is extremely excited about this collaboration and what it will mean for the minority contractors of Louisville,” said Evon Smith, President & CEO of OneWest. “This initiative represents intentionality around inclusion and diversity and it is starting at the top. The leadership team at Churchill Downs Incorporated are leading through action!”

“I commend the leadership at Churchill Downs for taking this meaningful step in support of the West End Opportunity Partnership and for encouraging other local corporate citizens to follow suit,” said State Senator Gerald Neal. “By taking action to address the inequities and disparities in our local communities, we are helping to make our Commonwealth a better place for all Kentuckians.”

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have eight retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). 

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs Supports Tornado Relief Efforts with $50,000 Donation from Kentucky and Ohio Properties

Churchill Downs Incorporated joined community partner Kroger, ESPN 680 Louisville and Louisville, Kentucky-based Phocus to support vital relief and recovery efforts following devastating tornados in Kentucky.

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Newport Racing & Gaming announced today that it will open a new expansion on Wednesday, November 24.

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CDI Team Fills The Hope Buss with 148 Bags of Warmth for the Holidays to Commemorate Kentucky Derby 148

Team members from Churchill Downs Incorporated came together to deliver some hope to the community by packing The Hope Buss with essential winter items ahead of the Thanksgiving holiday.

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Churchill Downs Partners With ‘Mattress Mack’ to Host Kentucky Derby Foster Family Initiative

LOUISVILLE, Ky. (Tuesday, April 27, 2021) – Churchill Downs Racetrack announced today a new partnership with Jim “Mattress Mack” McIngvale that will welcome nearly 300 representatives from Kentucky’s Foster Care sector as guests to the Kentucky Derby. The first-ever Kentucky Derby Foster Family Initiative connects McIngvale’s passion for the life-changing work made possible through the Foster Care system with Churchill Downs’ Louisville nonprofit partners, Maryhurst and Boys & Girls Haven, who locally provide those social services.   

McIngvale is a native of Texas and is well-known for using his high-stakes bets on sports as creative marketing promotions for his Houston-based mattress and furniture store, Gallery Furniture. His commitment to Foster Care work was inspired by his recently-adopted grandson, Brodie, in June 2019. His daughter Laura McIngvale Brown and her husband Phil Brown officially welcomed Brodie into their family after serving as foster parents.     

“I have seen firsthand the importance of Foster Care and Brodie has been a true joy in my life,” McIngvale shared. “I’m thrilled to partner through Churchill Downs with these Louisville nonprofit organizations that work tirelessly to help children and families thrive. I couldn’t be happier to help provide them the opportunity to enjoy this year’s Kentucky Derby.”

Churchill Downs will be working with long-time charitable partners Maryhurst and Boys & Girls Haven to identify foster parents, alumni and social service workers and staff in the industry to host for the 147th running of the Kentucky Derby.

“We are always excited for the opportunity to use the unforgettable experience of the Kentucky Derby as a platform for good,” said Churchill Downs Racetrack President Mike Anderson. “It’s incredibly rewarding when we can combine our charitable goals with a partner like Mattress Mack and give back to those in our community who, through their work or volunteerism, make our city and our world a better place.” 

Maryhurst, Kentucky’s oldest child-serving nonprofit organization, works to prevent abuse, restore hope and empower survivors of trauma and abuse. Maryhurst provides community-based counseling and wellbeing services, residential treatment and community and transitional living support.

“We are so grateful for our long standing partnership with Churchill Downs,” said Micah Jorrisch, vice president of external relations for Maryhurst. “This generous donation from Mattress Mack has presented a wonderful chance to recognize professionals and foster families who work tirelessly to ensure that every child in Kentucky has the opportunity to thrive.” 

Boys & Girls Haven is a nonprofit transforming the lives of abandoned, abused and neglected children. Their programs include in-home Foster Care, residential Foster Care, transitional living, independence readiness and Haven family services.

“For over 70 years, we have provided a home and a future for our community’s most vulnerable young people,” said Amanda Masterson, CEO of Boys and Girls Haven. “We are proud to be a part of the Kentucky Derby Foster Family Initiative; we are grateful for the support and ongoing partnership with Churchill Downs.”

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

About Churchill Downs Racetrack

Churchill Downs Racetrack (“CDRT”), the world’s most legendary racetrack, has been the home of The Kentucky Derby, the longest continually held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in the Spring, September, and the Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7/8-mile turf track, a stabling area, and provides seating for approximately 60,000 guests. The saddling paddock and the stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round simulcast wagering facility. www.ChurchillDowns.com.

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). 

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

 

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs Incorporated Launches TwinSpires Sports Mobile App in Tennessee

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Renaissance Provides Students Unlimited Access to Digital Books and News Articles with the Kentucky Derby

Partnering with the Kentucky Derby, Renaissance is providing unlimited access to thousands of enhanced digital books and age-appropriate news articles this summer to third-grade students in the Bluegrass State

Bloomington, Minn. (April 26, 2021)  Renaissance, a global leader in technology-enhanced literacy, is providing third-grade students in Kentucky access to myON, Renaissance’s digital reading platform, from June 1 – August 31, 2021, through a partnership with the Kentucky Derby.

Designed to get reading materials into the hands of students, the all-new “Read to the Races” initiative ties into the excitement of the Kentucky Derby and encourages students to keep reading and learning throughout the summer months. Students will be able to log in to myON using school-level shared accounts and choose from thousands of age-appropriate digital books and daily news articles.

To add to the fun, participating districts will be entered automatically into a reading challenge. Schools from the districts with the highest average time spent reading by their students this summer will be recognized in a variety of ways.

“We’re thrilled to partner with Renaissance and help students stay on track as they continue reading and learning during the summer months,” said Cathy Shircliff, Director of Community Relations for Churchill Downs. “We urge families to join us by encouraging students to read with myON every day!”

“The Kentucky Derby is sending a strong message to students across the Bluegrass State about the importance of reading,” said Alysse Daniels, Regional Vice President at Renaissance. “We are looking forward to supporting these efforts and celebrating the results with them!”

myON provides students with 24/7 access to thousands of fiction and nonfiction digital books and news articles—in English, Spanish, and additional languages. Students can read online with myON wherever they have access to the Internet, including in low-bandwidth locations. Students can even download digital books to read offline using free mobile apps—providing additional opportunities to read.

For more information, visit www.renaissance.com/kyreadtotheraces.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

About Renaissance

As a global leader in assessment, reading, and math solutions for pre-K–12 schools and districts, Renaissance is committed to providing educators with insights and resources to accelerate growth and help all students build a strong foundation for success. Renaissance solutions are used in over one-third of US schools and in more than 100 countries worldwide. The Renaissance portfolio includes Star Assessments, for reliable, accurate insights into K–12 student learning; myIGDIs, for accurate assessment of early learning; myON, to increase students’ access to high-quality reading materials; Accelerated Reader, to support independent reading practice; Freckle, for teacher-led differentiated instruction; Schoolzilla, to give educators actionable insights into trends in student attendance and achievement; Lalilo, to develop critical foundational skills; and Nearpod, for teacher-facilitated instructional delivery. For more information, visit www.renaissance.com..

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). 

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

 

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs, Kentucky Derby Festival and Humana Launch Derby Equity and Community Initiative

Partnership to Focus on Supporting, Restoring and Creating Equitable Derby Traditions

LOUISVILLE, Ky. (Wednesday, April 22, 2021) – Kentucky Derby Festival (“KDF”) is launching the Derby Equity and Community Initiative, (“DECI” or “the Initiative”), with support from Churchill Downs and Humana Inc. This partnership is a combined effort to incorporate equitable programming into the Derby season with the intention of directing economic impact and ensuring a sense of belonging to Louisville communities that have encountered a lack of access to those opportunities and the spirit of Derby season.

The phased multi-year initiative will build upon Kentucky Derby Festival’s long-established mission to provide creative and unique entertainment and community service for the people of Greater Louisville that directly contributes to the aesthetic, cultural, educational, charitable, and economic development of the area. The Initiative vows to support, restore, and create Derby traditions that invite diverse participation through economically impactful programs with a focus on educational elements and multi-generational programming.

“The Kentucky Derby Festival’s mission has always been to bring our community together in celebration and that has not changed,” said Matt Gibson, Kentucky Derby Festival President & CEO. “Over the past year, as we’ve all faced extraordinary challenges, we’ve taken the opportunity to reflect and to listen alongside our partners at Churchill Downs and Humana. We are committed to be part of the solution in the effort to unite our city. This initiative will help us ensure the celebration around the Derby season is inclusive of our entire community.”

“It is important that the Kentucky Derby is inclusive of the entire Louisville community,” said Bill Carstanjen, CEO of Churchill Downs Incorporated. “We have always believed that the Derby should be used as a platform for positive community impact, and we thank our partners at Humana for supporting that goal. In the last year, we’ve made substantive efforts within our industry and our own organization to nurture an environment in which everyone felt welcomed or included, and we knew we could entrust KDF, whose goals to create equitable opportunities around the Derby already aligned with our own, to help us carry the spirit of this mission throughout the region.”

“This Derby Equity and Community Initiative partnership is a part of Humana's larger efforts to address health disparities and increase health equity here in Louisville and across the other communities Humana serves. In our 60-year history, Humana has supported our corporate hometown through a variety of investments aiming to inspire whole-person health and well-being.  We recognize the need to continue to champion diversity, equity, and inclusion efforts more broadly, and to take actionable steps to ensure Louisville is on a path to becoming a community in which all of its residents feel a sense of belonging.  This partnership furthers Humana’s commitment to address social determinants of health like social connectedness and financial security in order to create lasting change and make it easier for all Louisvillians to achieve their best health,” said Dior Cotten, Humana’s Bold Goal Population Health Lead for Louisville.

To develop the framework for this initiative, and with a focus on how to best respond to community needs, the three organizations have engaged a diverse group of key community leaders over the past several months to solicit feedback and research proposed ideas. Those conversations continue and have resulted in a direction to focus on three primary pillars to promote equity through Derby season: Support, Restore, and Create. (Full details on the pillars can be found online at KDF.org/derbyequitycommunityiniative.)

The first phase of the initiative in 2021 includes support of the Jefferson County Public Schools program, Justice Now, a project that brings together students to discuss, research and propose solutions to community-wide issues. Justice Now will culminate this year in May with elementary, middle and high school students presenting their solutions to experts, community partners and potential funders at the new Kentucky Derby Festival Foundation event – JusticeFest on May 22. Sponsored by Churchill Downs and Humana, JusticeFest empowers students to be the change and acknowledges that the youth of Louisville will be the key to actualizing a more equitable and inclusive city. Participating students will be asked to help shape the future of DECI by answering the question: “How can the Kentucky Derby and Kentucky Derby Festival be used as a platform to create social and economic impact in our city?”

“The courthouse is not the only place that justice should be served. The schoolhouse is the place that justice must be taught,” said Dr. John Marshall Chief Equity Officer for Jefferson County Public Schools. “Our students continue to be problem solvers and are driven to find solutions. That’s why we need Justice Now and why JusticeFest is so important.”

The partners have pledged to fund DECI over the course of the next five years, in partnership with the event and marketing expertise of KDF, with the goal of establishing intentional practices that lead to long-term, sustainable, and meaningful impact on the way the Louisville community perceives and experiences the city-wide celebration of the Kentucky Derby.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

About Kentucky Derby Festival

Since 1956, the not-for-profit Derby Festival has worked to bring the community together in celebration. The Festival is an independent community organization supported by 4,000 volunteers, 400 businesses and civic groups, Pegasus Pin sponsorships and event participation. It is the largest single attended event in Kentucky and one of the leading community celebrations in the world. Additional information can be found online at www.kdf.org.

About Humana

Humana Inc. is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases and conference calls
  • Calendar of events
  • Corporate Governance information

.

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). 

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

 

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

You may also be interested in:

Churchill Downs Incorporated Launches TwinSpires Sports Mobile App in Tennessee

Churchill Downs Incorporated announced today the launch of its TwinSpires Sports mobile app and desktop product in Tennessee. In addition to horse racing wagering, the TwinSpires brand will now offer Tennessee players a platform to bet on professional sports including NBA, NFL, MLB, NHL and PGA, as well as collegiate sports and events from around the world.

Read More
Churchill Downs Incorporated Announces Kentucky Derby Partnership with Kendall-Jackson and La Crema

Churchill Downs Incorporated announced today a four-year partnership that names Kendall-Jackson and La Crema the Preferred Wines of the Kentucky Derby from 2021 through 2024.

Read More
Derby City Gaming Celebrates Two Years of Sandefur Dining Room Partnership

Churchill Downs Incorporated property Derby City Gaming is proud to be celebrating two years of service to The Sandefur Dining Room and $75,000 in financial support.

Read More

Churchill Downs Announces ‘Champions for Change’ as Tuesday Programming for Kentucky Derby Week

LOUISVILLE, Ky. (Wednesday, April 21, 2021) – Churchill Downs Racetrack announced today that this year’s Kentucky Derby Week programming will introduce “Champions for Change” on Tuesday, April 27. Champions Day presented by TwinSpires annually highlights the history of the Kentucky Derby and the sport of Thoroughbred racing. This year, as part of an industry-wide commitment to increasing diversity and inclusivity in the sport of horse racing, the day will celebrate Black Horsemen in Thoroughbred racing and feature partner organizations whose mission supports equitable opportunities in racing.

The event highlights will include a commemorative print giveaway by The Art of Kacy and artist signing by the internationally-recognized Kentucky artist himself, KacyJackson. Louisville artist and printmaker Norman Spencer of CloudHotelPrints will create prints highlighting Black Horsemen who dedicated their career to elevating the sport of horse racing. The Kentucky Derby Museum will also be on hand to feature items from their Black Heritage in Racing Exhibit and Tour.

Organizations that will be featured throughout Champions for Change are: Ed Brown Society, Legacy Equine Academy, Project to Preserve African American Turf History (PPATH), Phoenix Rising, and Simmons College of Kentucky.. Global Economic Diversity Development Initiative (GEDDI), a nonprofit foundation focused on building economic wealth for the Black community in the areas of workforce, economic empowerment, supply chain, leadership development and business acceleration, is the charitable beneficiary of the day. This year, Churchill Downs has donated over $200,000 to these nonprofit and educational organizations to support their work in creating more equity in the industry of horse racing.

Last month, Churchill Downs announced a change to the name of the featured overnight stakes race on Champions Day to the $120,000 Isaac Murphy Marathon in honor of the legendary African-American and native Kentuckian who was arguably the greatest jockey American racing has ever known. The 1 ½-mile endurance race for Thoroughbreds age 4 and up was formerly known as Champions Day Marathon.

“Champions for Change is a significant addition to this year’s Kentucky Derby Week programming,” said Churchill Downs Racetrack President Mike Anderson. “It is the result of months of challenging but necessary conversations where we looked not only within our own organization and at the needs of our community, but also at the sport of horseracing to explore ways we can work together toward more equity. We feel fortunate that others in our industry will join us in this effort next Tuesday and commit to being champions for change.”

Tickets to Champions Day and to join the “Champions for Change” celebration can be purchased at https://www.kentuckyderby.com/visit/derby-week/champions-day. They include Reserved Boxes to General Admission assigned seat starting at $14.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

About Churchill Downs Racetrack

Churchill Downs Racetrack (“CDRT”), the world’s most legendary racetrack, has been the home of The Kentucky Derby, the longest continually held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in the Spring, September, and the Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7/8-mile turf track, a stabling area, and provides seating for approximately 60,000 guests. The saddling paddock and the stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round simulcast wagering facility. www.ChurchillDowns.com.

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). 

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

 

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

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