Churchill Downs Incorporated Announces Proposal to Develop the Queen of Terre Haute Casino Resort in Vigo County, Indiana

LOUISVILLE, KY., (September 22, 2021) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that the Company has submitted a proposal to develop the Queen of Terre Haute Casino Resort (the “Queen of Terre Haute”), a destination gaming facility in Vigo County, Indiana. CDI has also filed an application to the Indiana Gaming Commission (“IGC”) seeking Indiana’s open casino license for Vigo County.

“Churchill Downs has a 147-year track record of offering extraordinary entertainment experiences and has significant expertise developing premier casino and gaming properties throughout the United States,” said Bill Carstanjen, Chief Executive Officer of CDI. “We are proud to offer our vision for this world-class casino, a true destination resort designed to draw visitors and economic activity from across the Midwest to Terre Haute.”

The Queen of Terre Haute will feature up to 1,000 slot machines, 50 table games, a 125-room luxury hotel, a state-of-the-art TwinSpires sportsbook and several food & beverage offerings. From its name (inspired by Terre Haute’s nickname as the “Queen City of the Wabash Valley”) to concepts and design features across the facility, the Queen of Terre Haute will reflect the unique heritage of Vigo County and the surrounding region.

“We appreciate the local encouragement we’ve received as we’ve evaluated this opportunity,” said Carstanjen. “In the days ahead, we look forward to making our case to the Indiana Gaming Commission as to why our proposal to build the Queen of Terre Haute is in the best interest of the residents and businesses of Terre Haute, Vigo County and the State of Indiana.”

An economic impact study conducted by economists at Purdue University estimates that the Queen of Terre Haute will generate $190 million in annual regional economic impact, including 1,000 construction jobs and 500 permanent jobs. According to the study, the project is expected to deliver a 2% annual increase in the West Central Indiana gross regional product.

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.

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

You may also be interested in:

Churchill Downs Incorporated Announces Proposal to Develop the Queen of Terre Haute Casino Resort in Vigo County, Indiana

Churchill Downs Incorporated announced today that the Company has submitted a proposal to develop the Queen of Terre Haute Casino Resort, a destination gaming facility in Vigo County, Indiana

Read More
Churchill Downs Incorporated Announces Proposal to Develop the Queen of Terre Haute Casino Resort in Vigo County, Indiana

Churchill Downs Incorporated announced today that the Company has submitted a proposal to develop the Queen of Terre Haute Casino Resort, a destination gaming facility in Vigo County, Indiana

Read More
Churchill Downs Incorporated Announces Proposal to Develop the Queen of Terre Haute Casino Resort in Vigo County, Indiana

Churchill Downs Incorporated announced today that the Company has submitted a proposal to develop the Queen of Terre Haute Casino Resort, a destination gaming facility in Vigo County, Indiana

Read More

TwinSpires to Pursue Sports Betting License in Arizona in Partnership with Tonto Apache Tribe’s Mazatzal Hotel & Casino

LOUISVILLE, KY., (July 29, 2021) Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that it will seek to enter the newly-legalized sports betting market in Arizona with its TwinSpires sports betting platform in partnership with Tonto Apache Tribe, owner and operator of the Mazatzal Hotel & Casino. The partnership will allow for the opening of a TwinSpires retail sportsbook within the Mazatzal Hotel & Casino in Payson, Arizona and for TwinSpires to launch its state-of-the-art online sportsbook and platform throughout the state of Arizona, in each case subject to gaming license and regulatory approvals.

“We welcome this exciting partnership with Tonto Apache Tribe,” said Bill Mudd, President and Chief Operating Officer of CDI. “We are pleased that the guests of Mazatzal Hotel & Casino as well as sports fans throughout Arizona will soon be able to access the best in sports betting with TwinSpires.”

Tonto Apache Chairman Calvin Johnson said, “In conjunction with our world class partner, we look forward to supporting the local community and bringing more visitors to the Mazatzal Hotel & Casino and our beautiful county.”

Arizona residents will be able to download the TwinSpires app to place online bets on their favorite professional teams as well as wager on collegiate sports and other major sporting events from around the world, subject to gaming license and regulatory approvals.

TwinSpires sportsbooks are currently available in six states including Colorado, Pennsylvania, Indiana, Tennessee, Mississippi and Michigan. CDI’s BetAmerica sports betting and iGaming platform in New Jersey is expected to transition to the TwinSpires brand during the third quarter of 2021.

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 TwinSpires

TwinSpires is a Churchill Downs Incorporated brand and the official wagering partner of the Kentucky Derby. CDI’s wholly-owned online pari-mutuel wagering business has operated under the brand since 2007. TwinSpires sports betting is offered in Pennsylvania, Michigan, Mississippi, Colorado, Tennessee, and Indiana with iGaming also available in Pennsylvania and Michigan. CDI’s BetAmerica sports betting and iGaming platform in New Jersey is expected to transition to the TwinSpires brand during the third quarter of 2021.

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

You may also be interested in:

TwinSpires to Pursue Sports Betting License in Arizona in Partnership with Tonto Apache Tribe’s Mazatzal Hotel & Casino

Churchill Downs Incorporated announced today that it will seek to enter the newly-legalized sports betting market in Arizona with its TwinSpires sports betting platform in partnership with Tonto Apache Tribe, owner and operator of the Mazatzal Hotel & Casino.

Read More
TwinSpires to Pursue Sports Betting License in Arizona in Partnership with Tonto Apache Tribe’s Mazatzal Hotel & Casino

Churchill Downs Incorporated announced today that it will seek to enter the newly-legalized sports betting market in Arizona with its TwinSpires sports betting platform in partnership with Tonto Apache Tribe, owner and operator of the Mazatzal Hotel & Casino.

Read More
TwinSpires to Pursue Sports Betting License in Arizona in Partnership with Tonto Apache Tribe’s Mazatzal Hotel & Casino

Churchill Downs Incorporated announced today that it will seek to enter the newly-legalized sports betting market in Arizona with its TwinSpires sports betting platform in partnership with Tonto Apache Tribe, owner and operator of the Mazatzal Hotel & Casino.

Read More

Churchill Downs Incorporated Announces a Major Expansion at Derby City Gaming

LOUISVILLE, KY., (July 28, 2021) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today a $76 million expansion at Derby City Gaming that includes construction of a hotel, additional gaming positions and expansion of the current amenities at the facility in order to better serve and attract guests.

The project will add 135,000 sq. ft. of new space to the facility and open with 200 additional gaming positions. The new space will be able to ultimately accommodate up to 400 new gaming positions. The expansion will include a VIP gaming space, a new sports bar, a stage for live entertainment and an upscale-casual restaurant and bar to create a variety of new food and beverage options for gaming and hotel guests throughout the entire day. The adjoining five-story hotel tower will include 123 rooms with 108 standard guest rooms, 14 corner suites and a VIP suite. The Derby City Gaming hotel will allow for guests to take advantage of unique hospitality and Kentucky Derby ticket pairing options.

“Derby City Gaming continues to exceed the Company’s expectations,” said Bill Carstanjen, CEO of CDI. “The expansion of this premier gaming property is intended to create an elevated experience for our guests that is inclusive of all their hospitality needs and is anticipated to fuel ongoing growth in purse contributions for Churchill Downs Racetrack.”

Construction on the project is scheduled to begin in early 2022 pending rezoning review and approval by the City of Louisville. The expanded gaming floor is targeted to open in late 2022 and the hotel is expected to open in the spring of 2023. The project is expected to provide for approximately 400 construction jobs and approximately 60 new permanent jobs at Derby City Gaming.

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 Derby City Gaming

Derby City Gaming opened its doors on September 14, 2018 as the only gaming facility in Louisville, Kentucky. The 93,000 square foot facility is located approximately five miles from both the Louisville International Airport and the historic Churchill Downs Racetrack. Derby City Gaming features over 1,000 state-of-the-art Historical Racing Machines with over 130 popular game themes. The facility also includes two locally-inspired restaurants, Lil’ Wagners and Railbird’s Hot Chicken that seat over 160 people, a spacious 60-seat center bar with fourteen large TVs and two dedicated smoking and gaming patios with over 300 games combined, and more. www.DerbyCityGaming.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

You may also be interested in:

Churchill Downs Incorporated Announces a Major Expansion at Derby City Gaming

Churchill Downs Incorporated announced today a $76 million expansion at Derby City Gaming that includes construction of a hotel, additional gaming positions and expansion of the current amenities at the facility in order to better serve and attract guests.

Read More
Churchill Downs Incorporated Announces a Major Expansion at Derby City Gaming

Churchill Downs Incorporated announced today a $76 million expansion at Derby City Gaming that includes construction of a hotel, additional gaming positions and expansion of the current amenities at the facility in order to better serve and attract guests.

Read More
Churchill Downs Incorporated Announces a Major Expansion at Derby City Gaming

Churchill Downs Incorporated announced today a $76 million expansion at Derby City Gaming that includes construction of a hotel, additional gaming positions and expansion of the current amenities at the facility in order to better serve and attract guests.

Read More

Churchill Downs Incorporated Announces Multi-Year Projects to Transform the Legendary Churchill Downs Racetrack

LOUISVILLE, KY., (July 28, 2021) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced three major multi-year capital investments to transform key areas of Churchill Downs Racetrack (“Churchill Downs”). These projects will ultimately provide new, unique and extraordinary guest experiences for the Kentucky Derby in the coming years. These investments round out the previously-announced Turf Course replacement project which is currently underway and is on schedule to be ready for racing at the 148th Kentucky Derby in May 2022.

Homestretch Club

The Homestretch Club will renovate and update the grandstand area adjacent to the Twin Spires along the famed track’s homestretch. The project will convert what is currently outdoor bleacher seating next to the Winner’s Circle Suites and below the Jockey Club Suites into three unique seating options with all-inclusive amenities. This location offers an ideal view of the starting gate, a superior vantage of the track’s Big Board and a bird’s eye view of the homestretch as the horses thunder to the finish line. Ticketed guests in the Homestretch Club will have access to 18,600 sq. ft. of new interior premium hospitality space in the first-floor concourse area that will be transformed into a newly reimagined, high-end air-conditioned club atmosphere to place a bet, enjoy the all-inclusive food and beverage offerings and other amenities. This premium hospitality space will be accented by a grand staircase and a 100 ft. feature bar making it an elegant and desirable option for special events at historic Churchill Downs.

The new all-inclusive ticket offerings for the Homestretch Club will include:

  • 30 Trackside Lounges along the rail for up to 200 guests offering a “courtside seat” experience
  • 66 Terraced Dining Tables for up to 440 guests, creating covered outdoor dining
  • 2,610 Stadium Club seats, providing a cushioned, comfortable and upgraded experience
  • 5 private VIP Hospitality Lounges for up to 60 guests

In total, the project will provide for 3,250 all-inclusive seats, which is 1,950 fewer reserved seats than were previously in this area. The $45 million Homestretch Club is scheduled for completion in time for the 148th Kentucky Derby in 2022.

Turn 1 Experience

The Turn 1 Experience will introduce permanent all-inclusive stadium seats at Churchill Downs in a unique location with exclusive views of the Kentucky Derby walkover and the picturesque first turn framed by the Twin Spires. This project will upgrade and expand what is currently 3,400 temporary Oaks and Derby seats to 5,100 all-inclusive permanent stadium seats with significantly improved amenities to enhance the overall guest experience. The permanent construction will also add a climate-controlled hospitality venue below the new stadium seats that will serve as premium seating for up to 2,000 guests who will have access to an adjacent trackside reserved viewing terrace allowing them to view signature moments along the rail.

The Turn 1 Experience will include:

  • 5,100 Covered Stadium Seats
  • 50,000 sq ft. climate-controlled Hospitality Venue that includes reserved dining room tables for up to 2,000 guests with an adjacent trackside Viewing Terrace
  • 2 Concourses to allow for better guest circulation and additional customer amenities for stadium seat-ticketed guests, creating a convenient place for socializing with outdoor racetrack view

In total, the project will provide for 7,100 all-inclusive seats, which is 3,700 more reserved seats than were previously in this area. The $90 million Turn 1 Experience is scheduled for completion in time for the 149th Kentucky Derby in 2023.

The combination of these two capital investments will result in a net addition of 1,750 premium reserved seats.


Paddock Area Redesign

The Paddock Area Redesign is in the early design stage and will transform the existing Paddock area in a manner that will enhance the experience for nearly every guest who enters the gates of the historic racetrack. In addition to introducing new and innovative seating and experiences, the redesign will reduce congestion by significantly improving the flow of guests through the Paddock and Plaza areas. This project is tentatively scheduled to debut for the 150th Kentucky Derby in May 2024. More details will be shared in the coming months.

Turf Course

These Churchill Downs capital projects come on the heels of CDI’s $10 million investment to install a new turf course, currently in construction, that will widen the running surface and increase durability and safety in response to a growing demand for turf racing throughout the year. The Tahoma 31 Bermudagrass turf course, selected with worldwide sports turf experts, will include a redesigned subsurface and state-of-the-art irrigation and drainage system. The update will provide multiple rail movement options and as many as 14 participants per race. The new turf course is scheduled to be ready for racing at the 148th Kentucky Derby in May 2022.

“These capital investments are a direct response to our customer’s demand for a unique and extraordinary atmosphere,” said Bill Carstanjen, CEO of CDI. “The upgrades we plan to introduce are designed to ensure that Churchill Downs remains the premier racing destination for generations to come with unparalleled service, entertainment and racing experiences for our guests – which is truly the hallmark of the Kentucky Derby. With each project we have given great focus to elevating the product while maintaining and honoring the rich history and tradition of Churchill Downs Racetrack”

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 (“Churchill Downs”), 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, Churchill Downs 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. Churchill Downs 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. Churchill Downs 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, 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

You may also be interested in:

Churchill Downs Incorporated Announces Multi-Year Projects to Transform the Legendary Churchill Downs Racetrack

Churchill Downs Incorporated announced three major multi-year capital investments to transform key areas of Churchill Downs Racetrack.

Read More
Churchill Downs Incorporated Announces Multi-Year Projects to Transform the Legendary Churchill Downs Racetrack

Churchill Downs Incorporated announced three major multi-year capital investments to transform key areas of Churchill Downs Racetrack.

Read More
Churchill Downs Incorporated Announces Multi-Year Projects to Transform the Legendary Churchill Downs Racetrack

Churchill Downs Incorporated announced three major multi-year capital investments to transform key areas of Churchill Downs Racetrack.

Read More

Churchill Downs Incorporated Names Jason Sauer Senior Vice President of Corporate Development

LOUISVILLE, Ky., June 22, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Jason Sauer has been named Senior Vice President of Corporate Development for the Company. In this role, Sauer will work closely with other Senior Management in the development and execution of CDI’s strategy and growth initiatives and report directly to Bill Carstanjen, Chief Executive Officer of CDI.

Sauer joined CDI in 2014 as Senior Director, Corporate Development before his promotion to Vice President, Corporate Development in 2019.

“Jason brings a keen aptitude for both traditional M&A deals as well as non-standard, complex commercial arrangements,” said Carstanjen. “During his tenure with CDI, Jason has demonstrated the knowledge and ability to identify and analyze potential growth opportunities and we are pleased to announce this well-deserved promotion.”

Prior to joining CDI, Sauer served as legal counsel for Humana in Louisville, Kentucky and as an attorney with Skadden, Arps, Slate, Meagher & Flom in New York, New York, specializing in mergers and acquisitions and other corporate transactions.

Sauer is a Lieutenant Commander of the United States Navy Reserve who serves as Executive Officer for a reserve command in Norfolk, Virginia. He recently returned to CDI following his second deployment to the Middle East.

Sauer graduated with honors from Harvard College and received his Juris Doctor from the University of Kentucky Rosenberg College of Law. He holds additional graduate degrees from the University of Kentucky and the University of Cambridge.

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.

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

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.

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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.

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Derby City Gaming Celebrates Two Years of Sandefur Dining Room Partnership

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Churchill Downs Incorporated Signs HRM Agreement with Aristocrat Gaming™

Aristocrat’s Player-Favorite Games to Debut at CDI HRM Facilities

LOUISVILLE, KY., May 28, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today an agreement that will bring Aristocrat Gaming™ (“Aristocrat”) to their historical racing machine (“HRM”) facilities. Aristocrat’s HRM games will appear across CDI’s HRM facilities in Kentucky, including Derby City Gaming in Louisville; Oak Grove Racing, Gaming & Hotel in Oak Grove; Newport Racing & Gaming in Newport; and Turfway Park Racing & Gaming in Florence when it opens in 2022.

“Aristocrat is a leader in offering the top games in the industry and we’re ecstatic to add their top games to our HRM locations,” said Austin Miller, senior vice president of gaming operations for CDI. “Their innovation as it relates to content and hardware will allow us to expand our game offerings and attract their loyal customer base.”

Players at CDI’s HRM facilities will have the opportunity to enjoy popular Aristocrat brands including Buffalo, Wild Lepre’Coins™ and others exclusively on the award-winning MarsX™ family of cabinets. Aristocrat’s player-favorite games will operate on Ainsworth’s proprietary HRM system.

“CDI is leading the industry in creating unique and exciting HRM entertainment venues,” said Aristocrat’s Senior Vice President of Commercial Strategy and Business Analytics, Jon Hanlin. We are thrilled to again expand our relationship with CDI and bring our leading game content to this vibrant and growing segment of the gaming industry.”

Aristocrat joins Ainsworth, Konami Gaming, Inc., Scientific Games and International Game Technology PLC as suppliers for CDI’s HRM facilities resulting in a diverse portfolio of innovative and top-performing gaming entertainment offerings at each location.

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.

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

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.

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IGT Unveils Wheel of Fortune-Themed Games at Churchill Downs Incorporated Historical Horse Racing Facilities in Kentucky

LONDON (May 24, 2021) – International Game Technology PLC (“IGT”) (NYSE:IGT) announced today that it has extended its historical horse racing (HHR) portfolio to include performance-driving Wheel of Fortune®-themed games. The highly anticipated games debuted at Churchill Downs Incorporated (“CDI”) HHR facilities throughout Kentucky, marking the first licensed theme IGT has introduced into the HHR market.

IGT deployed a total of 40 CrystalWheel™ cabinets featuring an HHR version of the exciting Wheel of Fortune Cash Link™ Exotic Far East theme throughout Derby City Gaming in Louisville, Oak Grove Racing, Gaming & Hotel in Oak Grove, and CDI’s newest Kentucky property, Newport Racing & Gaming in Newport.

“CDI is happy to partner with IGT once again, to offer our patrons premier gaming content and experiences,” said Austin Miller, CDI Senior Vice President, Gaming Operations. “IGT’s Wheel of Fortune HHR games are a celebrated addition to our gaming floors and nicely complement the other top-performing games we offer, many of which are also from IGT.”

“IGT is thrilled to introduce the legendary Wheel of Fortune brand to the HHR market through these three CDI properties,” said Nick Khin, IGT Chief Operating Officer, Gaming. “The HHR version of Wheel of Fortune Cash Link Exotic Far East engages players with its three progressive jackpot levels, free games bonus, and the exciting Cash Link feature.”

The CrystalWheel cabinet is IGT’s next generation Wheel of Fortune gaming machine and features a large three-dimensional top wheel providing prominence on any gaming floor and showcasing the most popular slot theme of all time.

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 IGT

IGT (NYSE:IGT) is the global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Gaming Machines and Lotteries to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.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

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.

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Churchill Downs Incorporated Names Katherine Armstrong VP of Culture

LOUISVILLE, KY., (May 6, 2021) Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Katherine Armstrong has been hired as Vice President of Culture (Diversity, Equity and Inclusion) for the Company. The new role will report directly to Bill Carstanjen, Chief Executive Officer of CDI.

As the Vice President of Culture, Armstrong will be part of the senior leadership team of CDI and will lead the Company’s efforts to expand its strategic vision as part of the Company’s core mission and values to systemically advance a culture of diversity, equity and inclusion. Armstrong will develop and drive diversity initiatives and create opportunities to share best practices across the business segments.

“Katherine brings a deep understanding of advancing company culture and diversity, equity and inclusion to this role,” said Carstanjen. “She is an experienced, proactive and strategic advocate, partner and leader, who has developed constructive relationships and supported strong cultural initiatives in her previous roles.”

Prior to this role, Armstrong was the Founder and President of Success Track LLC, a strategic advisory and training group with an emphasis on Culture Transformation, DE&I Strategy, HR Analytics and Leadership Coaching. She also served in several significant roles with Starwood Hotels & Resorts Worldwide Inc., Hyatt Hotels Corporation, PNC Financial and Ameristar Casino in Vicksburg, Mississippi.

“I am honored and excited to lead the advancement of the culture at CDI,” said Armstrong. “This is a pivotal time in the Company’s growth and I am humbled to be part of the senior leadership team that will work together to shape the diversity, equity and inclusion of this great organization in the future.”

Armstrong holds a bachelor’s degree in psychology from Jackson State University.

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.

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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Medina Spirit Claims the Garland of Roses in the 147th Kentucky Derby Presented by Woodford Reserve

Churchill Downs Incorporated announced today that Medina Spirit claimed the Garland of Roses in the 147th running of the $3 million Kentucky Derby presented by Woodford Reserve.

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Malathaat Captures the Lilies in the 147th Running of the Longines Kentucky Oaks

Churchill Downs Incorporated announced today that the 147th running of the $1.25 million Longines Kentucky Oaks (Grade I) at Churchill Downs Racetrack saw Malathaat capture the Lilies in a field of 13 under sunny skies and fast track conditions in front of 41,472 spectators spread across the expansive and spacious grounds of the racetrack.

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Churchill Downs Incorporated Launches Online Sports Betting with TwinSpires Mobile App in Indiana, Pennsylvania and Colorado

Churchill Downs Incorporated announced today the introduction of its TwinSpires Sports mobile app in Indiana and TwinSpires Casino & Sports app in Pennsylvania on Monday, April 20, 2021.

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Churchill Downs Incorporated Launches Online Sports Betting with TwinSpires Mobile App in Indiana, Pennsylvania and Colorado

LOUISVILLE, KY., (April 26, 2021) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today the introduction of its TwinSpires Sports mobile app in Indiana and TwinSpires Casino & Sports app in Pennsylvania on Monday, April 20, 2021. The app debut in both states accompanies the rebrand of CDI’s sportsbook and iGaming desktop product as TwinSpires. The Company also launched its online sports betting operations in Colorado on Friday, April 23, 2021 with TwinSpires Sports mobile app and desktop product.

“We are excited to offer our state-of-the-art sportsbook app and market leading promotions in Indiana, Pennsylvania and Colorado a week before our biggest event of the year, the Kentucky Derby,” said Ian Williams, president of TwinSpires. “Because we are backed by Churchill Downs, the home of the Kentucky Derby, we can leverage nearly 150 years of wagering history to offer the best sports betting experience. Now players in these states can place their bets on both sports and next Saturday’s Run for the Roses through TwinSpires.”

TwinSpires players in Indiana, Pennsylvania and Colorado will now be able to bet on professional sports including NBA, NFL, MLB, NHL and PGA, as well as collegiate sports and events from around the world. In Pennsylvania, online casino players will be able to enjoy traditional casino games such as blackjack and roulette, as well as a large selection of online slots and ‘live dealer’ games.

CDI launched the first TwinSpires Sportsbook and iGaming platform in January 2021 through a technology platform powered by GAN Limited and Kambi Group PLC. Since that time, the Company has debuted TwinSpires Sports mobile apps in Michigan, Tennessee, Indiana, Pennsylvania and Colorado in addition to TwinSpires Casino mobile app offerings in Pennsylvania and Colorado.

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.

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.

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Churchill Downs Incorporated to Introduce Konami Gaming, Inc.’s Historical Racing Machines to Kentucky Market

Konami Top-Performing Content to Debut at CDI HRM Facilities in Second Quarter 2021

LOUISVILLE, KY., (March 23, 2021) Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) today announced an agreement to purchase a line-up of the latest historical racing machines (“HRMs”) by Konami Gaming, Inc. (“Konami”), a leading designer and manufacturer of gaming technology. HRMs are approved by the Kentucky Horse Racing Commission and utilize the results of previously run live horse races to generate player outcomes. Konami’s innovative HRMs, characterized by top-performing content and award-winning cabinets, will be utilized at the Company’s HRM facilities in Kentucky. Guests of Derby City Gaming in Louisville; Oak Grove Racing, Gaming & Hotel in Oak Grove; and Newport Racing & Gaming in Newport will be among the first to experience Konami’s newest HRM offering.

“As a Company that is driven to create memorable gaming experiences for guests, CDI is proud to expand its HRM selection to include the latest games by Konami,” said Austin Miller, senior vice president, gaming operations for CDI. “Konami’s recognizable games series and winning machine formats give us hundreds more game themes from which our guests can choose.”

Players at CDI’s HRM facilities in Kentucky will have the opportunity to enjoy popular game play events such as free games, jackpots, wheel spins and symbol collection features with favorite Konami characters, scenes and symbols. Among the top games are China Shores Great Stacks™, Mayan Chief Great Stacks™, Star Watch Magma™, Star Watch Fire™ and more. These games will be delivered on Konami cabinets like the curved Concerto Crescent™, award-winning KX 43™ and newest DIMENSION 49™.

“CDI operates at the highest level of commitment to gaming entertainment quality, diversity and innovation, which Konami is thrilled to support through this shared agreement,” said Tom Jingoli, executive vice president and COO at Konami. “We look forward to reaching CDI’s valued guests with player-favorite Konami games and machines.”

Konami joins Ainsworth, Scientific Games, and International Game Technology PLC, as suppliers for CDI’s HRM facilities in Kentucky resulting in a diverse portfolio of innovative and top-performing gaming entertainment offerings at each location.

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 Konami Gaming

Konami Gaming, Inc. is a Las Vegas-based subsidiary of KONAMI HOLDINGS CORPORATION (TSE: 9766). The company is a leading designer and manufacturer of slot machines and casino management systems for the global gaming market. For more information about Konami Gaming, Inc. or the SYNKROS gaming enterprise management system, please visit www.konamigaming.com

Information set forth in this news release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward-looking statements made in this news release are made pursuant to the Act. 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, although some forward-looking statements are expressed differently.

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 effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; public perceptions or lack of confidence in the integrity of our business or any deterioration in our reputation; loss of key or highly skilled personnel; restrictions in our debt facilities limiting our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches; inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; increases in insurance costs and inability to obtain similar insurance coverage in the future; inability to identify and complete acquisition, expansion 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; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; payment-related risks, such as risk associated with fraudulent credit card and debit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; risks related to pending or future legal proceedings and other actions; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; work stoppages and labor issues; changes in consumer preferences with respect to Churchill Downs Racetrack and the Kentucky Derby; personal injury litigation related to injuries occurring at our racetracks; weather and other conditions affecting our ability to conduct live racing; the occurrence of extraordinary events, such as terrorist attacks and public health threats, including the ongoing impact of the novel coronavirus (COVID-19 virus); changes in the regulatory environment of our racing operations; increased competition in the horseracing business; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; our inability to utilize and provide totalizator services; changes in regulatory environment of our online horseracing business; number of people wagering on live horse races; increase in competition in our online horseracing; uncertainty and changes in the legal landscape relating to our online wagering business; continued legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization; inability to expand our sports betting operations and effectively compete; failure to manage risks associated with sports betting; failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment with respect to our mobile and online wagering products; increased competition in our casino business; changes in regulatory environment of our casino business; and concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; and inability to collect gaming receivables from the customers to whom we extend credit.

Press Contacts

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

Tonya Abeln
Vice President, Corporate Communications

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