Churchill Downs Incorporated Announces Development Plans for Owensboro Racing & Gaming

CDI’s Seventh Kentucky HRM Entertainment Venue Expected to Open in Early 2025

LOUISVILLE, KY., (February 21, 2024) Churchill Downs Incorporated (Nasdaq: CHDN, “CDI,” or the “Company”) announced today that the Company plans to open Owensboro Racing & Gaming in the first quarter of 2025 with 600 state-of-the-art historical racing machines (“HRMs”), a retail sportsbook, simulcast wagering, and multiple food and beverage offerings.

The new property in eastern Daviess County will be CDI’s seventh historical horse racing entertainment venue in the state of Kentucky. Owensboro Racing & Gaming will be located on an approximately 20-acre site at the corner of US Highway 60 and Wrights Landing Road east of the City of Owensboro, Kentucky.

The projected spend for the development of Owensboro Racing & Gaming is $100 million. The property will operate as an annex of Ellis Park Racing & Gaming (“Ellis Park”) and will support purse funding for Ellis Park’s traditional summer racing meet.

“We are proud to announce this investment in the Kentucky horse racing industry as we celebrate 150 years of the Kentucky Derby,” said Bill Carstanjen, CEO of CDI. “In addition to delivering a premier gaming and entertainment experience to Daviess County, this project will build on the success of Ellis Park’s racing product and further contribute to a healthy and sustainable horse racing circuit in Kentucky.”

Owensboro Racing & Gaming is estimated to generate $125 million in annual regional economic impact, including the creation of more than 200 construction jobs and 150 permanent jobs.

Owensboro Racing & Gaming Renderings depicting:

  • Property Main Entrance
  • Gaming Floor and Center Bar
  • Sports Bar and Simulcast Wagering Area

    

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. 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,” “scheduled,” 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, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, including possible new variants of COVID-19, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; 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 historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires sports betting business and effectively compete; 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; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; 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; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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.

Media Contacts

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

Kaitlin Buzzetto
Director of Investor Relations
Churchill Downs Incorporated

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Churchill Downs Incorporated Announces The Rose Gaming Resort to Open with 1,650 HRMs by the end of September 2024

New Northern Virginia HRM Entertainment Venue will Offer 500 More Games than originally Planned

LOUISVILLE, KY., (February 21, 2024) Churchill Downs Incorporated (Nasdaq: CHDN, “CDI,” or the “Company”) announced today that the Company received approval from the Town of Dumfries to open Phase One of The Rose Gaming Resort (“The Rose”) with 1,650 historical racing machines (“HRMs”). This number represents an increase of 500 HRMs from what CDI had previously announced. The Rose, located in Northern Virginia, is now scheduled to open by the end of September 2024.

The facility will also open with a 102-room hotel, eight food and beverage options and over 2,540 parking spaces. The total capital investment in the project to now expected to be $460 million, with approximately $160 million remaining to be spent as of December 31, 2023. The Company will provide updated development plans for Phase Two at a later date.

As part of CDI’s commitment to the Town of Dumfries, the Company will make a one-time, $3.6 million contribution to the town. CDI will also make a one-time $2.0 million contribution to support the design and development of a new community center, in addition to the public park currently being built on site.

“We are excited to announce that The Rose will open with 1,650 HRMs,” said Bill Carstanjen, CEO of CDI. “We are proud to invest nearly half a billion dollars in Northern Virginia and look forward to creating local jobs and a world class gaming destination.”

The Rose is estimated to generate $35.5 million in annual tax revenues and result in the development of more than 500 full and part-time jobs.

The Rose Gaming Resort Renderings depict:

  • Ariel View of Property
  • Casual Fine Dining Restaurant "1609"

 

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. 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,” “scheduled,” 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, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, including possible new variants of COVID-19, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; 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 historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires sports betting business and effectively compete; 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; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; 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; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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.

Media Contacts

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

Kaitlin Buzzetto
Director of Investor Relations
Churchill Downs Incorporated

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Churchill Downs Incorporated Announces SAP as an Official Signature Partner of the Kentucky Derby

LOUISVILLE, KY., (February 8, 2024) Churchill Downs Incorporated (Nasdaq: CHDN, “CDI,” or the “Company”) announced today a multi-year agreement naming SAP America, Inc. (NYSE: SAP, “SAP”) an official signature partner of Churchill Downs Racetrack (“Churchill Downs”). SAP, a global market leader in enterprise application software, will be the first official technology partner serving Churchill Downs Racetrack, the Kentucky Derby, and Kentucky Oaks. The partnership also includes naming rights for the SAP Starting Gate Suites, a tower of premium, exclusive suites, and designation as the presenting partner of the Kentucky Derby and Churchill Downs mobile applications.

“We are thrilled to welcome SAP as a signature partner of Churchill Downs and the Kentucky Derby,” said Bill Mudd, President and Chief Operating Officer of CDI. “SAP is a tremendous global brand that supports our vision to innovate and fuel growth across our businesses. We are excited to have SAP join our iconic brand at the 150th running of the Kentucky Derby on the first Saturday in May.”

“This partnership is a great opportunity for SAP to collaborate with one of the most storied sporting events in the world, the Kentucky Derby," said Lloyd Adams, President of SAP America. "We are proud to work with partners who share our commitment to innovation and are excited to help CDI leverage SAP's expertise and technology to support the growth of their company."

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. 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 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 and Race & Sports Book. www.ChurchillDowns.com.

About SAP

SAP’s strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 26 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.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, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, including the impact of any future developments related to COVID-19, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; 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 historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires Sports and Casino business and effectively compete; 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 litigations; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; 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; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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.

Media Contacts

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

Kaitlin Buzzetto
Director of Investor Relations
Churchill Downs Incorporated

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Churchill Downs Incorporated Names Dr. Dana Stead Equine Safety and Integrity Veterinarian

LOUISVILLE, KY., (January 31, 2024) Churchill Downs Incorporated (“CDI” or the “Company”) announced today that Dr. Dana Stead, DVM, has been named Equine Safety and Integrity Veterinarian for the Company. In this role, Dr. Stead will provide essential veterinarian support and oversight at all CDI-owned racetracks including the Company’s flagship Churchill Downs Racetrack in Louisville, Kentucky. Dr. Stead joins CDI’s Equine Medical Director Dr. William Farmer, DVM, in fulfilling a core commitment to equine safety at the Company’s Thoroughbred and Standardbred racetracks across the U.S.

“I am excited to be joining the team at Churchill Downs Incorporated in my role as Equine Safety & Integrity Veterinarian,” said Dr. Stead. “I look forward to working together with the horsemen and women across all of CDI’s properties and am dedicated to promoting and ensuring the well-being and safety of each of our equine and human athletes.”

Dr. Stead brings over 16 years of experience in equine veterinary medicine and a wealth of industry knowledge to the role. Prior to joining CDI, Dr. Stead was the owner and operator of his own veterinary practice and was the racing veterinarian for multiple California based racetracks including Santa Anita Park and Del Mar Thoroughbred Club. During that time, his responsibilities ranged from conducting pre-race examinations, emergency triage and serving as the racing veterinary supervisor for 25,000 races, with over 200,000 starters. Dr. Stead has also been a member of the Breeders’ Cup veterinary team for 14 of the last 15 international events. He holds a Bachelor of Science Degree in Animal Science and a Doctorate in Veterinary Medicine from Colorado State University.

“We are thrilled to welcome Dr. Stead to our equine veterinary team,” said Bill Mudd, President and COO of CDI. “Dr. Stead will be instrumental to CDI’s commitment to equine safety at all of our racetracks and we look forward to his important contributions as we prepare for the 150th Kentucky Derby.”

Dr. Stead will begin his new role on February 5.

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. 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, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, including the impact of any future developments related to COVID-19, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; 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 historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires Sports and Casino business and effectively compete; 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 litigations; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; 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; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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.

Media Contacts

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

You may also be interested in:

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Greater Louisville Inc. Brings Together Business Community, Top Leaders of International Sports Organizations for Annual Meeting Presented by Baird

LOUISVILLE, KY., (January 17, 2024) – Over 1,000 business leaders came together at the Kentucky International Convention Center for Greater Louisville Inc.’s Annual Meeting presented by Baird on Tuesday, January 16. The gathering included remarks from GLI leadership and a fireside chat between keynote speakers, Bill Carstanjen, CEO & President of Churchill Downs Inc., and Seth Waugh, CEO of the PGA of America, to discuss the economic impact of the 150th Kentucky Derby and 2024 PGA Championship. The event also featured the presentation of four prestigious awards.

"2024 is shaping up to be a big year for our community and GLI’s Annual Meeting is the perfect place to come together to build excitement and engagement around opportunities for growth in the year ahead," said Sarah Davasher-Wisdom, president, and CEO of Greater Louisville Inc. "We have a rare opportunity to sell our region to prospective businesses and talent on an international stage twice in a one-month span. I am looking forward to working with Louisville’s business leaders to show off our region’s assets.”

GLI presented three organizations with Silver Fleur-de-Lis awards, which are given each year in recognition of outstanding contributions over the past year to make Louisville a better place to live and work. This year’s recipients were:

  • CenterWell Senior Primary Care for the successful opening of several senior-focused primary care centers in Louisville and their impact on underserved communities. The award was presented by Lyndon Pryor, president and CEO of the Louisville Urban League, and accepted by Nick Judd.
  • Derby City Gaming for the grand opening of their downtown location, which will drive positive economic growth and downtown tourism. The award was presented by Katherine Armstrong, Senior Vice President of Human Resources, Churchill Downs Incorporated, and accepted by Garth Williams.
  • Four individuals were recognized for purchasing Valhalla Golf Club and preserving the club’s Louisville legacy. Valhalla Golf Partners, LLC, is owned by Junior Bridgeman, Jimmy Kirchdorfer, Chester Musselman, and David Novak. The award was presented by Purna Veer, president and founder of V-Soft Consulting Group, and accepted by Jimmy Kirchdorfer and David Novak.

In addition, GLI recognized Mike Mountjoy with the Gold Cup Award. The Gold Cup was established 50 years ago and has only been awarded only 25 times to leaders in the community who demonstrate a lifetime of dedication to growing the region. Mountjoy is a founding partner in the predecessor firm to Mountjoy Chilton Medley LLP (MCM) and has led many civic organizations across the region. He has served on the boards of the Louisville Area Chamber of Commerce, Community Foundation of Louisville, Greater Louisville Project, Louisville Orchestra Foundation, and Louisville Library Foundation. Mountjoy is also a co-founder of Soccer Holdings LLC, a professional soccer holding company that owns Louisville City FC and Racing Louisville FC. Presenting this year's award to Mountjoy were previous recipients Sandra Frazier (2023), Alice Houston (2020), and Bill Samuels Jr. (2018).

The evening concluded with a keynote fireside chat between Carstanjen and Waugh, which was moderated by Carolyn Tandy, SVP & Chief Inclusion and Diversity Officer, Humana. The keynote focused on the economic impact of both the 150th Kentucky Derby and 2024 PGA Championship at Valhalla, when they take place in Louisville in May. The month-long festivities leading up to the Kentucky Derby are expected to generate an economic impact exceeding $400 million. Following the Kentucky Derby, in mid-May, Valhalla Golf Club will host the PGA Championship for the fourth time, drawing an estimated 200,000 spectators, with more than half expected to travel from outside Kentucky.

“All of us at the PGA of America are thrilled to be returning to Louisville for the 106th edition of the PGA Championship,” said Waugh. “The Annual Meeting Keynote was a spectacular reminder of what makes Louisville such a tremendous place to stage our Major Championships. We are eternally grateful for the incredible support received from the Louisville business community. It was an honor to share the stage with Bill last night and I look forward to returning to Louisville in May.”

“As we embark on this historic 150th anniversary, it is important to reflect on the immense effort and dedication that has gone into making the Kentucky Derby the iconic event it is today,” said Carstanjen. “It is a time when the city of Louisville comes alive with a collective spirit of excitement and anticipation as we prepare to witness, and participate in, something wonderful; and its enduring success is a credit to countless individuals throughout the city. I look forward to preserving and building upon the magic of this timeless tradition with Louisville’s business community and am thrilled that this year’s excitement will be followed and amplified by the energy of the esteemed PGA Championship.”

The event also included special performances from the Academy of Flamenco Arts and the famous Churchill Downs call to post. Attendees had the opportunity to take photos with the official 2024 PGA Championship trophy and a historic Kentucky Derby trophy. GLI also unveiled its Annual Report which highlights major accomplishments from 2023 including bringing in more than 1,600 new jobs to the region.

About Greater Louisville Inc.

Greater Louisville Inc. is the Metro Chamber of Commerce and represents 15 counties in Kentucky and Indiana. GLI’s mission is to grow businesses and the regional economy. GLI supports businesses during every stage of development and represents the collective needs of the business community by advocating for pro-growth policies and economic development investment, and deploying programming centered around attracting and developing talent and economic inclusion. GLI is the 2019 National Chamber of the Year and is one of only three percent of chambers nationally certified with 5-star accreditation status by the U.S. Chamber of Commerce. Learn more on social media @GLIchamber or visit www.greaterlouisville.com.

About Churchill Downs Incorporated

Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. 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, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; 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; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; 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 historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires Sports and Casino business and effectively compete; 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 litigations; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; 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; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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

Logan Spradlin
Communications Manager
Churchill Downs Incorporated

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Early Nominations For 2024 Triple Crown Series Now Open

Nominations Can Be Made Online at www.thetriplecrown.com

LOUISVILLE, Ky. (Friday, Jan. 12, 2024) – Early nominations for 3-year-old Thoroughbreds to become eligible to compete in the 2024 Triple Crown with a $600 payment are now available to be made online at www.thetriplecrown.com.

The 2024 Triple Crown opens Saturday, May 4 with the 150th running of the $5 million Kentucky Derby presented by Woodford Reserve (Grade I) at 1 ¼ miles at Churchill Downs in Louisville, Ky. The 149th running of the $1.5 million Preakness (GI), its 1 3/16-mile second jewel, is set for Saturday, May 18 at Pimlico Race Course in Baltimore, Md. The 156th running of the $2 million Belmont Stakes (GI), the series’ 1 ¼-mile final leg, is scheduled for Saturday, June 8 at Saratoga Racecourse.

The early nomination phase will close Monday, Jan. 29. Payments can only be made online at www.thetriplecrown.com.

Horses not nominated by Jan. 29 can still be nominated to the Triple Crown with a late $6,000 payment due Monday, April 1.

Last year’s early Triple Crown nominations attracted 369 horses and 13 late nominees.

Horses under the care of any trainer suspended from competing in the 2024 Kentucky Derby or the 2024 Kentucky Oaks (GI) (as applicable) must be transferred to a non-suspended trainer by Jan. 29 to become eligible for the applicable race. Horses under the care of a suspended trainer will become eligible to earn qualifying points on the Road to the Kentucky Derby or Road to the Kentucky Oaks on a forward-looking basis after the transfer is complete so long as the transfer is complete by the Jan. 29 deadline.

          Representatives of the Triple Crown host tracks include:

  • Churchill Downs: Vice President of Racing and Racing Secretary Ben Huffmanat (502) 638-3820 or [email protected]. … Assistant Racing Secretary and Stakes Coordinator Dan Bork at (502) 638-3806 or [email protected]. … Racing Operations Manager Kelly Danner at (502) 638-3825 or [email protected].
  • Pimlico: Racing Secretary Jillian Sofarelli at (800) 638-1859 or [email protected].
  • Belmont Park: Stakes Coordinator Andrew Byrnes at (718) 659-4217 or [email protected].

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. www.churchilldownsincorporated.com

Media Contacts

Kevin Kerstein
Kentucky Racing Communications
Churchill Downs, Ellis Park, Turfy Park

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Maureen Adams, Executive Vice President of Gaming Operations, Selected for Global Gaming Business 25 People to Watch in 2024

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Churchill Downs Incorporated Names Bobbi Jones General Manager of Ocean Downs Casino & Racetrack

LOUISVILLE, KY., (January 12, 2024) Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today the promotion of Bobbi Jones to General Manager of Ocean Downs Casino & Racetrack (“Ocean Downs”) in Berlin, Maryland. Jones most recently served as the Sr. Director of Operations at Ocean Downs and has been the interim General Manager since mid-August.

Jones brings over 25 years of gaming experience to this role, including a background in multiple jurisdictions and experience in various disciplines across the casino industry. Jones has been with the Ocean Downs team for nearly five years and has served in several different leadership roles, including overseeing marketing, food & beverage and property EVS.

“Bobbi has been instrumental in the success of Ocean Downs as it has continued to grow over the course of the last five years,” said Michael Meagher, Vice President of Gaming Operations for CDI. “I look forward to what Bobbi and the Ocean Downs team will accomplish in 2024 and beyond.”

Jones’ promotion is effective immediately.

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. www.churchilldownsincorporated.com

About Ocean Downs Casino & Racetrack

Ocean Downs Casino & Racetrack, located in Berlin, Maryland, near Ocean City, features a 70,000-square-foot gaming floor with over 850 slot machines, 18 table games, electronic table games and a TwinSpires Sportsbook. Owned and operated by Churchill Downs Incorporated (Nasdaq: CHDN), the property also boasts live horse racing as well as several dining options including quick bites and fine dining with beautiful racetrack views. www.oceandowns.com

Media Contacts

Logan Spradlin
Communications Manager
Churchill Downs Incorporated

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Churchill Downs Incorporated Names Leif Dickinson Director of Track Operations at Colonial Downs

Dickinson to Bring Expertise to Four CDI-owned Turf Courses

LOUISVILLE, KY., (January 09, 2024) Churchill Downs Incorporated (“CDI” or the “Company”) announced today that Leif Dickinson has been named Director of Track Operations at Colonial Downs Racetrack. In this role, Dickinson will be instrumental in the daily management of the course in New Kent, Virginia, while working closely with Track Superintendents on development and maintenance at other CDI-owned racetracks including the Company’s flagship Churchill Downs Racetrack in Louisville, Kentucky.

“I’m very excited to join the team at Colonial Downs and contributing to that tradition of exceptional track surfaces and the opportunity to develop agronomic programs for other CDI tracks excites me,” said Dickinson. “I consider horse racing to be the most challenging turf management job in the world, but it is one that I take very seriously. I look forward to continuing to promote a safe racing experience and ensuring CDI tracks are the best in the world.”

Dickinson brings over 30 years of experience in Agronomy and Turf Science Management with deep expertise in the care, maintenance and renovation of horse track fields and grounds and is well-regarded as a subject matter expert in Soil Science, Turfgrass Management, Horticulture, Grounds Development, Irrigation & Drainage, Pest Management, Pesticides, Edaphology, Turf Nutrition and Resource Management. He is a member of HISA’s Track Surface Advisory Committee. Prior to joining CDI, Dickinson served as a director or consultant for a number of high profile race courses across the country including Gulfstream Park, Del Mar Thoroughbred Club and Santa Anita Park. He holds an Associate of Science Degree in Horticulture from Mount San Antonio College and a Bachelor of Science Degree in Agriculture from the University of Maine.

“We are pleased to welcome world-renowned turf expert Leif Dickinson to the team,” said Bill Mudd, President and COO of CDI. “This year, Colonial Downs held 196 turf races during a 27-day meet and we will rely heavily on Leif’s experience to manage the course as we expand to over 40 days of racing in 2025. With his expertise in Bermuda grass, we look forward to his oversight at Fair Grounds Racecourse and Ellis Park as well as his close involvement with the team at Churchill Downs Racetrack as they prepare the course in the lead up to the 150th Kentucky Derby week and beyond.”

Dickinson will begin his new role on January 16.

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. www.churchilldownsincorporated.com

About Colonial Downs Racetrack

Colonial Downs Racetrack (“Colonial Downs”), located in New Kent, Virginia, adjacent to Interstate 64, halfway between Richmond and Williamsburg, is the home of the Virginia Derby. Colonial Downs’ hosts live Thoroughbred racing on two nationally-renowned racing surfaces. The Secretariat Turf Course is the widest turf course in North America at 180 feet wide and the dirt track is the country’s second in length at 1 ¼-mile offering equine athletes a safe and sprawling oval on which to compete. www.rosiesgaming.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, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, including the impact of any future developments related to COVID-19, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; 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 historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires Sports and Casino business and effectively compete; 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 litigations; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; 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; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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.

Media Contacts

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

Kaitlin Buzzetto
Director of Investor Relations
Churchill Downs Incorporated

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Club SI will Debut in New Paddock for 150th Kentucky Derby

LOUISVILLE, KY., (January 09, 2024) Churchill Downs Incorporated (“CDI”) announced today a multi-year partnership between Churchill Downs Racetrack (“Churchill Downs”) and Sports Illustrated for exclusive naming rights of a new luxury dining experience, Club SI, ahead of the historic 150th running of the Kentucky Derby on Saturday, May 4, 2024. Originally planned as the 1895 Club, Club SI is scheduled to debut on Opening Night of Derby Week and offer guests a modern, sophisticated race day experience.

Club SI will debut as part of the $200 million renovated Paddock Project at Churchill Downs for the upcoming 150th Kentucky Derby and offer a new luxury equine-focused dining experience with an immersive view of the all-new Paddock and Paddock Runway giving guests unparalleled behind-the-scenes experiences. The interior design of Club SI will showcase iconic Sports Illustrated magazine covers, editorial featuring past Kentucky Derby races, and a sneak peek into Sports Illustrated’s new SI Resorts vertical. Each year, celebrity ambassadors will act as hosts for Club SI during the Kentucky Derby and the Kentucky Oaks for a premium race day experience. With a guest list that includes titans of the sports industry and appointed with iconic Sports Illustrated editorial artwork, Club SI will offer an elevated, exciting and more unique Derby weekend than ever available before.

The club will be open on premium race days and include dining tables to accommodate parties of two, four, six or eight guests who will enjoy gourmet dishes from the curated Chef’s Table Buffet, designated wagering windows, private bars and outdoor trackside viewing for live races. Steps from the club, guests will be treated to the SI Enclosure which will deliver a front-row experience of the Paddock with covered outdoor dining tables to accommodate parties of four.

“As we approach the 150th Kentucky Derby, we are thrilled to partner with a brand as iconic as Sports Illustrated to offer guests an enhanced way to enjoy this incredible anniversary event,” said Mike Anderson, President of Churchill Downs Racetrack. “Sports Illustrated shares our goal of combining exciting sports moments with upscale entertainment, and Club SI will provide the perfect space to achieve this.”

“It is an honor to bring Club SI to Churchill Downs Racetrack, which has such a rich history that we’ve showcased through the pages of Sports Illustrated for decades,” said Michael Sherman, SVP Media Brands at Authentic Brands Group, owner of the Sports Illustrated brand. “Club SI will celebrate iconic elements of the brand, while hosting celebrity talent and offering guests gourmet cuisine and cocktails, a unique vantage point of the new Paddock, and a once-in-a-lifetime horse racing experience for Derby 150.”

Official fly-through video of the brand new Club SI can be viewed online here.

       

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. 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 Spring, September and 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 Sports Illustrated

Sports Illustrated ("SI") is an unparalleled and influential leader recognized for shaping modern culture and uniting athletes, teams and fans worldwide. At the intersection of sports, lifestyle and entertainment, Sports Illustrated is a 360-degree enterprise that delivers immersive content, innovative digital experiences, unforgettable events, and original products. Its award-winning media arm brings powerful storytelling to life through probing profiles and up-to-date news on SI.com, across social media platforms and through the monthly print magazine. The most trusted name in sports transcends media through SI Resorts, the ultimate destination for active lifestyles & sports enthusiasts, SI Tickets, a fan-first ticketing platform, SI Sportsbook, a digital sports betting platform, SI Studios, the brand’s home for film, TV, and podcasts, and more. SI brings its unique perspective to marquee events and captivating brand activations including the Sportsperson of the Year Awards, SI’s “The Party”, SI Swimsuit Launch Weekend, and the SI Circuit Series.

For more information, visit SI.com.

Follow Sports Illustrated on Twitter, Instagram, Tik Tok and Facebook.

About Authentic Brands Group

Authentic Brands Group ("Authentic") is a global brand development, marketing and entertainment platform, which owns a portfolio of more than 50 iconic and world-renowned Lifestyle, Entertainment and Media brands. Headquartered in New York City, with offices around the world, Authentic connects strong brands with best-in-class partners and a global network of operators, distributors and retailers to build long-term value in the marketplace. Its brands generate more than $29 billion in global annual retail sales and have an expansive retail footprint in 150 countries, including 13,100-plus freestanding stores and shop-in-shops and 370,000 points of sale.

Authentic is committed to transforming brands by delivering powerful storytelling, compelling content, innovative business models and immersive experiences. It creates and activates original marketing strategies to drive the success of its brands across all consumer touchpoints, platforms and emerging media. Authentic’s brand portfolio includes Marilyn Monroe®, Elvis Presley®, Muhammad Ali®, Shaquille O’Neal®, David Beckham®, Dr. J®, Greg Norman®, Neil Lane®, Thalia®, Sports Illustrated®, Reebok®, Brooks Brothers®, Barneys New York®, Judith Leiber®, Ted Baker®, Hunter®, Vince®, Hervé Léger®, Hickey Freeman®, Frye®, Nautica®, Juicy Couture®, Vince Camuto®, Lucky Brand®, Aéropostale®, Forever 21®, Nine West®, Rockport®, Eddie Bauer®, Boardriders®, Quiksilver®, Billabong®, Roxy®, DC Shoes®, RVCA®, Element®, VonZipper®, Honolua®, Spyder®, Volcom®, Shark®, Tretorn®, Prince®, Airwalk®, Izod®, Jones New York®, Van Heusen®, Hart Schaffner Marx®, Arrow® and Thomasville®.

For more information, visit corporate.authentic.com.

Follow Authentic on LinkedIn, Instagram and X.

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, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, including the impact of any future developments related to COVID-19, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; 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 historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires Sports and Casino business and effectively compete; 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 litigations; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; 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; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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.

Media Contacts

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

Kaitlin Buzzetto
Director of Investor Relations
Churchill Downs Incorporated

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Churchill Downs Incorporated Opens Derby City Gaming Downtown in Louisville, Kentucky

CDI’s Sixth HRM Entertainment Venue in Kentucky Opens 150 Days before the 150th Kentucky Derby

LOUISVILLE, KY., (December 6, 2023) Churchill Downs Incorporated (“CDI”) announced today the opening of Derby City Gaming Downtown (“DCG Downtown”) in Louisville, Kentucky. The $90 million investment marks CDI’s sixth historical racing machine (“HRM”) entertainment venue in Kentucky. The public grand opening festivities included a commemorative ribbon cutting and a $40,000 charitable donation to Norton Healthcare Foundation and The Hope Buss, reflecting CDI’s commitment to the revitalization of downtown Louisville.

The 43,000 sq. ft. two-story Kentucky Derby themed entertainment venue includes a gaming floor with 500 state-of-the-art HRMs featuring some of the most popular and fan favorite themes on the market. DCG Downtown offers three unique food and beverage experiences: First Turn Sports Bar & Stage hosts the property’s Race & Sports Book along with a stage for live entertainment, Trophy Bar Bourbon & Cigars offers the finest bourbons and hand-rolled cigars with a smoking patio and Fascinator Wine Bar provides an intimate atmosphere with a refined wine list and small bites. The entertainment destination includes 130 on-site guest parking spaces and boasts an exterior façade wrapped with the region’s first naked-eye 3D video board. A Kentucky Derby gift shop is located on the main level of the property with a dedicated street entrance for all ages.

“As you all know, racing is a key part of our history and our culture. Churchill Downs brings folks from across the state and across our world together,” said Kentucky Governor, Andy Beshear. “This company isn't just resting on where they’ve been, they're laser focused on where they're going. They're working tirelessly to be even better to ensure their future and our future as Kentucky is brighter than ever.”

The development of DCG Downtown generated 400 construction jobs and will result in over 150 permanent jobs. CDI joined Messer Construction to focus project efforts on supplier diversity, economic inclusion and community engagement. Over $14 million of the investment was spent with Minority, Women and Veteran-owned subcontracting services.

"This project is one of which I'm particularly proud because in addition to its impact of the Kentucky horse industry, it's going to bring new energy to our downtown and stimulate investments like it,” said Bill Carstanjen, CEO of CDI. “Derby City Gaming Downtown will give locals, bourbon tourists, convention attendees and all our visitors, another much needed entertainment facility in this region. Investing in downtown Louisville was more than a financial decision. It is an investment in the spirit and the culture and the future of our city.”

The opening of DCG Downtown coincides with the milestone countdown of 150 days to the 150th running of the Kentucky Derby. To celebrate, Churchill Downs Racetrack (“Churchill Downs”) unveiled the official Kentucky Derby 150 Mint Julep Glass and Kentucky Oaks 150 Lily Glass. Churchill Downs also launched the #MyDerbyMemory contest, inviting fans across the globe to share their Derby memories on social media for a chance to win two tickets to the 150th Kentucky Derby to be held on May 4, 2024.

About Derby City Gaming Downtown

Derby City Gaming Downtown (“DCG Downtown”) is in the heart of downtown Louisville, Kentucky, just five miles from the historic Churchill Downs Racetrack. DCG Downtown is a 43,000-square-foot gaming facility featuring nearly 500 state-of-the-art Historical Racing Machines, three bar concepts, a Race & Sports Book, 130 on-site guest parking spaces and Kentucky Derby Gift Shop. DCG Downtown also boasts the first naked-eye 3D video board in the region. www.downtown.derbycitygaming.com

About Churchill Downs Incorporated

Churchill Downs Incorporated ("CDI") (NASDAQ: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. 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, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, including the impact of any future developments related to COVID-19, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; 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 historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires Sports and Casino business and effectively compete; 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 litigations; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; 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; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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

Kaitlin Buzzetto
Director of Investor Relations
Churchill Downs Incorporated

Tonya Abeln
VP of Corporate Communications
Churchill Downs Incorporated

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