Churchill Downs Incorporated Opens Rosie’s Gaming Emporium in Emporia, Virginia

Grand Opening Celebrated with $25,000 Donation to Local Nonprofits

Emporia, VA., (September 26, 2023) – Churchill Downs Incorporated (“CDI”) (NASDAQ: CHDN) announced today the opening of the newest Rosie’s Gaming Emporium in Emporia, Virginia (“Rosie’s Emporia”). Rosie’s Emporia is located on West Atlantic Street, convenient to Interstate 95 and features 150 Historical Racing Machines (“HRMs”), simulcast horse racing, a restaurant and bar. The grand opening celebration demonstrated CDI’s commitment to community and the successful “Rosie’s Gives Back” program with a $25,000 donation to five local charities: the Family YMCA of Emporia/Greenville, Community Youth Center, Ltd, Emporia Greenville Recreation Association, Communities in Schools of Virginia and H.E.A.R Me Out Inc.                                         

“This marks our seventh Rosie’s gaming property and adds to our tremendous success in Virginia, taking us to the Southern border of the state for the first time,” said Bill Carstanjen, CEO for CDI. “The Emporia location builds on CDI’s commitment to providing top-quality jobs and generating significant tax revenues across the Commonwealth while delivering quality entertainment.”

Rosie’s in Emporia will create more than 100 full and part-time jobs and generate approximately $1 million in annual tax revenue for the City of Emporia. Since the opening of the first Rosie’s five years ago, more than $400 million has been invested in Rosie’s and Colonial Downs across the Commonwealth of Virginia creating over 1,200 new jobs and now contributing $54 million a year in state and local tax revenue.

About Churchill Downs Incorporated

Churchill Downs Incorporated (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 and Rosie’s Gaming Emporium

Colonial Downs and Rosie’s Gaming Emporiums employ over 1,200 team members in the Commonwealth of Virginia, paying over $30 million in annual salaries, wages and benefits. Rosie’s Gaming Emporium in Dumfries, Emporia, Hampton, New Kent, Richmond and Vinton offer innovative Historical Racing Machines (HRMs) and full card simulcasting. Rosie’s Game Room in Collinsville features a limited selection of some of the best HRM titles. Colonial Downs Racetrack in New Kent hosts live Thoroughbred racing on two nationally-renowned surfaces – Secretariat Turf Course, the widest turf course in North America and a 11/4-mile dirt track. More information is available at 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 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

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

Kaitlin Buzzetto
Director of Investor Relations
Churchill Downs Incorporated

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Churchill Downs Celebrates Construction Milestone of Paddock Area Redesign

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Riverwalk Casino Hotel Kicks Off 2nd Annual “Season of Giving Donation Event” to Support Local Community

VICKSBURG, MS., (September 25, 2023) It’s the most wonderful time of year to support the greater Vicksburg community thanks to Riverwalk Casino Hotel’s (“Riverwalk”) 2nd Annual Season of Giving Donation Event. Last year’s inaugural event was a huge success and included turkey donations to local first responder groups and much-needed monetary donations to 13 different charitable organizations. Altogether, Riverwalk donated over $72,000 in cash and turkeys during the 2022 holiday season. 

This year, Riverwalk is excited to spread more cheer with an even bigger Season of Giving Donation Event. The festivities begin with a special Emergency Response Thanksgiving dinner/lunch on Thursday, November 9th. The joy will continue Tuesday, December 5th when Riverwalk makes monetary donations to numerous, well-deserving local charity organizations. Local 501(c)(3) groups interested in receiving funds through the Season of Giving campaign can contact [email protected] to receive a grant application. Applications must be received by Riverwalk no later than 10/31/23. 

The Season of Giving Donation Event wouldn’t be possible without the generosity of Riverwalk’s guests. Throughout the year, guests raised funds by contributing their TITO tickets to the donation box located in the hotel lobby. Additional contributions were made via the ongoing Sharing is Caring promotion, where guests can make a $5 donation in exchange for $10 BonusPLAY. 

“Last year’s event made the holidays much happier for so many fantastic organizations throughout our wonderful community,” said Brock VanWye, Riverwalk’s Senior Director of Marketing and Hotel. “We’re thrilled to make things merrier once again with the 2nd Annual Season of Giving Donation Event. A special thanks to all our guests for their incredible generosity over the past year. Their contributions will go a long way to giving many of those in the greater Vicksburg area a brighter holiday season—and a brighter future.” 

About Riverwalk Casino Hotel

 Riverwalk Casino Hotel, located along the banks of the Mississippi River in historic Vicksburg, is Mississippi’s most exciting land-based casino destination. Owned by Churchill Downs Incorporated (Nasdaq: CHDN), features over 27,000-square-feet of gaming and dining space with more than 600 slot machines and action-packed table games. The property also boasts a 74-room hotel and casual dining option, Smiley’s. www.riverwalkvicksburg.com 

Press Contacts

Brock VanWye
Senior Director of Marketing and Hotel Operations

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Churchill Downs Celebrates Construction Milestone of Paddock Area Redesign

$200 Million Investment will Debut for the 150th Running of the Kentucky Derby in 2024

LOUISVILLE, KY., (September 18, 2023) –Churchill Downs Racetrack (“Churchill Downs”) celebrated the “Topping Off” of the Paddock Area Redesign, a $200 million capital investment project that 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. The project is set to premiere in time for the 150th running of the Kentucky Derby in 2024. Churchill Downs executives and team members were joined by the Calhoun Construction team, elected officials and community members to mark the construction milestone by signing the final beam before it was placed atop the structure.

Ceremony speakers included Kentucky Secretary of Transportation Jim Gray; State Representative and Majority Caucus chair Julie Raque-Adams; Louisville Mayor Craig Greenberg; President of Calhoun Construction John Hinshaw; CEO of Churchill Downs Incorporated Bill Carstanjen; and President of Churchill Downs Racetrack Mike Anderson.

“This is just one milestone as a great corporate citizen like Churchill, continues to invest in our city. said Mayor Greenberg. “Churchill Downs is literally as we see behind us building the future., so it and our city can continue to thrive in the future.”

“Ultimately, the idea behind this project was really all of you. We wanted a project that would be for everybody.” said Carstanjen. “One of the objectives for the team was we wanted every single person who comes to the Kentucky Derby to feel like this project was for them and that itadded to their experience as they entered our facility.”

The Paddock Area Redesign will enhance visibility of the iconic Twin Spires, streamline guest circulation paths, update the audio-visual experience and create additional value for guests by updating existing ticket products and amenities. More than 3,600 permanent all-inclusive seats and an additional 7,000 sq. ft. of guest space will be introduced, including premium club and premium reserved seating, along with standing room only tickets. The project will also update select existing ticket inventory and improve Paddock views for front-side guests with the addition of elevated viewing platforms.

 

About Churchill Downs Incorporated

Churchill Downs Incorporated (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 Race and Sports Book and simulcast wagering facility. www.ChurchillDowns.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.

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Logan Spradlin
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Churchill Downs Racetrack Unveils Official Art of the 150th Kentucky Derby by Artist Wylie Caudill

Original artwork from the Kentucky-native artist brings his signature roses to highlight the Run for the Roses™

LOUISVILLE, Ky. (Thursday, Sept. 14, 2023) – Churchill Downs Racetrack today released the 2024 “Official Art of the Kentucky Derby” by Kentucky artist, Wylie Caudill. Originally from Cynthiana, Ky., Wylie Caudill is renowned for his exceptional talent in murals and large-scale art. Caudill got his start doing chalk art on the streets of his college campus. After falling in love with public art, Wylie expanded his street art to murals that can be seen across Kentucky, many of which include his signature roses. 

Caudill’s artwork for the 150th Kentucky Derby presented by Woodford Reserve highlights the 150th Kentucky Derby trophy at the forefront with the newly reimagined paddock as the background under the iconic Twin Spires. The piece features 150 red roses representing the Derby Winner’s Circle surrounded by white, gold and cerulean roses to symbolize the colorful fans of the Derby from around the world.

“We were drawn to Wylie’s rose design as it resonates with one of our most beloved Kentucky Derby traditions, which is presenting the winning Thoroughbred with a garland of red roses”, said Casey Ramage, Vice President of Marketing and Partnerships. “Wylie’s artwork captures Churchill Downs’ historic Twin Spires and our future by showcasing our newly reimagined Paddock to enhance the fan experience. We are thrilled to be working with him.”   

In addition to creating the “Official Art of the Kentucky Derby,” Caudill will also be the official artist for the Woodford Reserve Commemorative Derby Bottle. As the official artist for both programs, Caudill will also create original murals around Churchill Downs and surprise locations next year leading up to the 150thKentucky Derby.

“As a Kentucky Native, it is an immense honor to be part of such a milestone year for the Commonwealth’s most notable event,” Caudill said. “It’s difficult for me to fathom the scale of this opportunity and moment in history, but I am thrilled I was chosen to be the official artist for the 150th Kentucky Derby.”

Caudill’s “Official Art of the Kentucky Derby” will be featured on the 2024 Kentucky Derby official racing programs and a variety of merchandise. Prints will be available for purchase, including 150 special edition prints, at the first Road to Kentucky Derby race on Saturday (Sept. 16) at 11:30 a.m. ET at The Churchill Downs Store and Kentucky Derby Museum. Prints will be available online at www.KentuckyDerbyStore.combeginning Monday, Sept. 18. All other items will be available for purchase early Spring.

 

About The Kentucky Derby

The $3 million Kentucky Derby takes place on the first Saturday in May at historic Churchill Downs in Louisville, Ky. Inaugurated in 1875, the legendary 1 ¼-mile race for 3-year-olds is the longest continually-held major sporting event in the United States and the first leg of horse racing’s Triple Crown series. Also known as “The Run for the Roses®” and “The Most Exciting Two Minutes in Sports®,” the Kentucky Derby is the most attended horse race in the nation. The 150thKentucky Derby will take place on May 4, 2024. For more information, please visit www.KentuckyDerby.com

About Churchill Downs Incorporated

Churchill Downs Incorporated (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 Wylie Caudill

Wylie Caudill is a Lexington-based artist that specializes in murals and large-scale art. Originally from Cynthiana, Ky., Caudill got his start doing chalk art on the streets of his college campus. After falling in love with public art, Caudill expanded his street art to murals that can be seen across Kentucky, many of which include his signature roses. His work includes projects for MTV and YouTube. For more information, visit www.wyliecaudill.com.

Press Contacts

Hayley Armstrong
Communications Manager, Churchill Downs Racetrack

Phone: 502-356-7796

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Gov. Beshear Places Kentucky’s First Sports Wager at Iconic Churchill Downs

GLt. Gov. Coleman celebrates with wager at Turfway Park; Governor to visit Red Mile

LOUISVILLE, Ky. (Sept. 7, 2023) – Today marked the much-anticipated opening of in-person sports wagering in Kentucky, and Gov. Andy Beshear celebrated the historic moment by placing the first bet at Churchill Downs.

Gov. Beshear placed a $20 parlay bet for the “over” on wins for the University of Kentucky and University of Louisville football teams, and the “under” on Duke University’s football team.

“Today is a great day to celebrate and have a little bit of fun doing so,” said Gov. Beshear. “It has taken many years to get here, but sports wagering is finally a reality in Kentucky. This is a win-win for Kentuckians, who can enjoy a quality entertainment experience and benefit from funds staying right here in our state to help us build a better Kentucky.”

Gov. Beshear will place a second wager today at 1:30 p.m. EDT at Lexington’s Red Mile.

Lt. Gov. Jacqueline Coleman placed a wager at an opening event at Northern Kentucky’s Turfway Park, betting $20 on the Cincinnati Bengals to win the Super Bowl.

“Sports wagering will benefit all Kentuckians,” said Lt. Gov. Coleman. “It means more revenue for economic development, disaster relief and infrastructure projects, like new roads, bridges and clean water. It means more money for our public schools and support for the pensions of firefighters, public servants, teachers and law enforcement officers. Simply put, sports wagering is helping us build a better Kentucky for everyone.”

With college football already underway, the opening of retail sportsbooks comes just in time for the kickoff of the NFL season this weekend.

“It is an honor to host this historic first sports wager in the commonwealth at historic Churchill Downs. We are proud to offer Kentucky’s newest form of wagering entertainment to the hundreds of thousands of guests who enter our gates each year and to help facilitate the economic benefits that sports wagering will bring to Kentucky,” said Mike Anderson, president of Churchill Downs Racetrack.

“The Kentucky Horse Racing Commission (KHRC) and the KHRC staff worked tirelessly to meet this challenge. The KHRC is dedicated to wagering integrity, and while we are celebrating today’s launch, our work continues,” said KHRC ChairmanJonathan Rabinowitz.

“Red Mile and Keeneland have prepared a premium space dedicated to sports wagering,” said Shannon Cobb, chief operating and financial officer of Red Mile Gaming & Racing. “We believe Caesars will provide excitement with their sports wagering product that exceeds expectations, and we are excited to invite the public out for the full experience. We hope guests will also take a moment to experience live harness racing, gaming and great food and beverage while they are with us.”

“Protecting Kentucky’s bettors is our number one priority, that and providing the best customer experience. Thanks to an extremely dedicated team, we are meeting those goals on an ambitious timeline,” said Public Protection Cabinet Secretary Ray Perry.

A list of licensed retail sportsbooks is available here. Some locations are coming soon.

Today’s news is the latest in a string of sports betting announcements by Gov. Beshear.

On Aug. 15 and 18, Gov. Beshear signed executive orders 2023-480 and 2023-483 appointing members of the Sports Wagering Advisory Council. The council will advise the full commission and provide additional voices who have knowledge of the sports betting industry.

On Aug. 17, Gov. Beshear announced a timeline for sports wagering to open in Kentucky. That timeline now moves closer to full implementation. Key dates for Kentuckians to remember include:

  • Thursday, Sept. 7, at 6 a.m. EDT: Wagerers started depositing money into their pre-registered mobile accounts, in preparation for mobile launch.
  • Thursday, Sept. 28, at 6 a.m. EDT: Approved mobile applications can start taking wagers.

On Aug. 22, the KHRC voted to approve temporary licenses for seven operators and nine service providers. The details of those approved for licensure and their business relationships are available here.

On Aug. 31, the Sports Wagering Advisory Council recommended an initial catalogof sporting events for wagering in Kentucky. The recommended catalog was approved by KHRC Executive Director Jamie Eads, subject to ratification by the full commission at their next scheduled meeting. See the Wagering Catalog for the complete list.

Kentucky chose a tiered implementation, which has been used in multiple states and which allows for the testing of policies and procedures before the full rollout that includes mobile applications.

House Bill 551 established a new excise tax on sports wagering: 9.75% on the adjusted gross revenues on wagers made at a licensed facility and 14.25% on wagers placed online or on a smartphone.

Sports wagering is expected to increase the state’s revenue by an estimated $23 million a year upon full implementation. The increase in revenue will support the oversight of sports wagering and then be dedicated to the Kentucky permanent pension fund.

Additionally, 2.5% will support the Problem Gambling Assistance Fund. The fund educates Kentuckians on safe gambling practices, the risks of developing a gambling problem, risk factors and warning signs of gambling problems and available services to reduce the consequences of problem gambling.

Resources are available by calling or texting 1-800-GAMBLER (1-800-426-2537) or online at KYCPG.org or by emailing [email protected]

About Churchill Downs Incorporated

Churchill Downs Incorporated (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

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

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Churchill Downs Incorporated to Open Six Race and Sports Books at Kentucky Properties on September 7

Governor Beshear to Place State’s First Sports Wager at Churchill Downs Racetrack on Opening Day at 10 a.m.

LOUISVILLE, KY., (August 23, 2023) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that the Kentucky Horse Racing Commission (“KHRC”) has approved temporary licenses for six CDI properties to begin accepting in-person sports wagers on Thursday, September 7, 2023. The Company will operate Race and Sports Books at its racetracks and Historical Racing Machine (“HRM”) facilities in Kentucky including: Churchill Downs Racetrack in Louisville, Derby City Gaming & Hotel in Louisville, Turfway Park Racing & Gaming in Florence, Newport Racing & Gaming in Newport, Oak Grove Racing, Gaming & Hotel in Oak Grove and Ellis Park Racing & Gaming in Henderson.

“CDI is excited to bring our experience operating retail sports wagering experiences to Kentucky with many thanks to the Kentucky General Assembly, Governor Beshear, the KHRC and the Kentucky Public Protection Cabinet for their efforts in making this a reality,” said Bill Carstanjen, CEO of CDI. “Sports betting as a tourism and economic development opportunity will further strengthen the state’s signature equine industry by bringing new guests into our live and historical racing venues.”

CDI’s licensed Race and Sports Books will incorporate sports betting kiosks among existing bar and simulcast areas for guests to place wagers. Most locations will offer large format video screens or various televisions to watch live racing as well as collegiate and professional sports. Each of CDI’s HRM venues will implement a “Bet & Jet” feature that offers guests designated parking spaces for 15 minutes in order to quickly and easily place their in-person sports wager.

CDI properties across Kentucky will host grand opening events featuring ribbon-cutting celebrations, themed food and beverage offerings and discounts as well as sports wagering promotions. To commemorate the opening day of retail sports betting, Governor Beshear will place the first ceremonial sports wager in the state of Kentucky at Churchill Downs Racetrack at 10 a.m. EDT. For specific details, promotions and hours of operation, please visit the property Race and Sports Book websites below.

CDI’s retail Race and Sports Books opening on September 7, include:

In addition to retail sports betting, the KHRC also approved temporary licenses for three online sports wagering service providers that will operate in partnership with CDI’s racetracks: FanDuel, Penn Sports Interactive and Fanatics. Approved service providers can begin accepting online wagers on Thursday, September 28, 2023.

About Churchill Downs Incorporated

Churchill Downs Incorporated (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

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

Philip Forbis
VP Finance and Financial Planning & Analysis
Churchill Downs Incorporated

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Churchill Downs Incorporated Completes Acquisition of Exacta Systems

Acquisition of Historical Horse Racing Technology Provider Allows CDI to Realize Immediate Operational Synergies in Virginia

LOUISVILLE, KY., (August 22, 2023) Churchill Downs Incorporated (“CDI” or “the Company”) (NASDAQ: CHDN) announced today that the Company has completed its previously-announced purchase of Exacta Systems, LLC (“Exacta”) for total consideration of $250 million in cash (the “Transaction”), subject to certain working capital and other purchase price adjustments.

Exacta is a leading provider of technology to support historical horse racing (“HHR”) operations across the country. Through its ownership of Colonial Downs Racetrack and Rosie’s Gaming Emporium historical racing machine (“HRM”) facilities, the Transaction will enable CDI to realize significant and immediate synergies related to the Company’s Virginia operations. CDI will also realize additional operational improvements over time through the diversification of games available at its HRM facilities. Exacta will operate within the Company’s TwinSpires segment and will continue to service its growing portfolio of third-party HHR operators in Kentucky, Wyoming, and New Hampshire.

The Transaction was funded with cash on hand and with the Company’s existing credit facility.

About Churchill Downs Incorporated

Churchill Downs Incorporated (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 Exacta Systems

Exacta Systems employs a pioneering technology driving growth in new and existing HHR markets. Exacta Connect’s robust and flexible system architecture supports multiple game vendors and virtually unlimited math modeling capabilities on a single system enabling Exacta to deliver a diverse gaming library with second-to-none entertainment experiences. For more information visit: www.exactasystems.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

Tonya Abeln
VP Corporate Communications
Churchill Downs Incorporated

Philip Forbis
VP Finance and Financial Planning & Analysis
Churchill Downs Incorporated

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Churchill Downs Incorporated Announces Executive Promotions

Betsy Janes and Justin Paul Named Senior Vice Presidents 

LOUISVILLE, KY., (August 17, 2023) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today the promotions of Betsy Janes to Senior Vice President of Government Relations and Justin Paul to Senior Vice President of Operations. In these roles, Betsy will continue leading the development and implementation of the Company’s political and legislative strategies and Justin will continue to work to further the growth of CDI. 

“During their tenure, both Betsy and Justin have demonstrated the knowledge and ability to lead the company through an unprecedented time of growth,” said Bill Mudd, President and Chief Operations Officer of CDI. “I am pleased to recognize their leadership and announce their well-deserved promotions.” 

Betsy joined CDI in 2018 as Director of Government Relations and was promoted to VP of Government Relations in July 2021. Since that time, she has successfully collaborated across all business units, managed lobbying firms across multiple jurisdictions and led key legislative campaigns. Betsy has amassed extensive experience in government affairs during her professional career. Prior to joining CDI, she was a senior state and local campaigns manager for the American Cancer Society Cancer Action Network where she worked across all 50 states on local, state and federal health issues. Betsy holds a Bachelor of Arts degree in Political Science and a Masters of Public Administration from the University of Louisville. 

Justin joined CDI as Sr. Director of Legal Affairs in May 2015 and was promoted in April 2017 to VP and Associate General Counsel. In January 2021, Justin was promoted to Vice President of Operations where he has led strategic growth initiatives across all Company business units and with key business partners. Prior to CDI, Justin worked for Mayer Brown LLP and McAndrews, Held & Malloy, Ltd., both law firms located in Chicago, Illinois. He also has 7 years of Engineering and Management experience with Abbott Labs, Monsanto and Abraxis Bioscience. Justin holds a BSE in Chemical Engineering from the University of Iowa and a Juris Doctor from the University of Chicago Law School. 

These promotions are effective immediately. 

About Churchill Downs Incorporated

Churchill Downs Incorporated (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 

Press Contacts

Logan Spradlin
Communications Manager
Churchill Downs Incorporated

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Churchill Downs Incorporated Names Bobbi Sample General Manager of The Rose Gaming Resort

The Dumfries, Virginia, Resort to Open in Spring 2024 

LOUISVILLE, KY., (August 15, 2023) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today the promotion of Bobbi Sample to General Manager of The Rose Gaming Resort (“The Rose”) in Dumfries, Virginia. In this role, Sample will oversee all operations of the new gaming resort that will include a luxury hotel, eight bars and restaurants, a cultural venue, meeting and event space and over 80 acres of green space. The Resort is expected to open in Spring 2024. 

Sample is a veteran operator who brings over 25 years of leadership experience in the gaming and entertainment industries, most recently serving as the General Manager for Ocean Downs Casino in Berlin, Maryland, where she assisted in opening the $54 million casino property and hiring and training 200 team members. Sample is originally from Pittsburgh, Pennsylvania, and is a graduate of the University of Delaware. Prior to her employment with CDI, Sample held leadership positions at Delaware Park Casino and Racetrack and White Clay Creek Country Club at Delaware Park. 

“Bobbi’s leadership is a great addition to The Rose and I look forward to working with her as we move toward the highly-anticipated opening and the many benefits this project will have for the community.” said Jack Sours, Vice President of Gaming Operations for CDI. 

“I’m honored and excited to further my career with CDI as the company continues to expand and create extraordinary experiences in Virginia.” said Sample. “We’re prepared to hit the ground running and I’m eager to welcome new team members to the Churchill Downs family over the coming months.” 

Sample’s promotion is effective immediately. CDI has initiated a search to fill the position of General Manager of Ocean Downs Casino. 

About Churchill Downs Incorporated

Churchill Downs Incorporated (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 The Rose Gaming Resort

Expected to open in spring 2024, The Rose Gaming Resort (“The Rose”), a $372 million gaming and entertainment complex destination, will be located alongside I-95 in Dumfries, Virginia. The Rose will include a 50,000 square foot gaming facility with over 1,100 games, luxury hotel, eight bars and restaurants, a cultural venue, meetings and events space and over 80 acres of green space. The Rose will generate an estimated $35.5 million in annual tax revenues and create more than 500 full and part-time jobs. https://www.therosegamingresort.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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The Biggest Day in Virginia Horse Racing History is Saturday

Colonial Downs® First Festival of Racing Features 3 Prestigious Stakes Races

NEW KENT, Va. (August 9, 2023) – Churchill Downs Incorporated (CDI) is proud to bring three major graded turf course stakes races to the New Kent track for the first time, this Saturday, August 12 – the Grade 1 Arlington Million, the Grade 1 Beverly D Stakes and the Grade 2 Secretariat Stakes. Combined purses for the three stakes races at the Colonial Downs Festival of Racing Presented by New Kent County are $2 million! All are very prestigious, have storied histories and all have been run for decades, mainly at Arlington International Racecourse which closed in 2021. Additional entertainment features being offered Saturday include a military flyover, honor guard, live bugler, musical performances, pony rides, petting zoo and a photo booth. Parking and general admission both remain free for this special event.

*Track officials are available for preview interviews tomorrow and Friday and will be on-site Saturday*

“Colonial Downs is taking things to a whole new level with these three stakes races under the new ownership of Churchill Downs,” said Frank Hopf, Senior Director of Racing Operations. “Our fans have come to expect a top rate experience and our first Festival of Racing will go beyond those expectations. Some of the top turf horses in the world will be running in New Kent County this Saturday and will bring international exposure to Virginia.”

The initial Arlington Million took place in 1981 and was the first thoroughbred race to ever offer a purse of $1 million. The Million, which received Grade 1 status in 1983, was geared to attract European horses before their year-end championship events in fall. The race annually attracts the best turf runners in the world.

The first Beverly D Stakes was run in 1987 and is for fillies and mares, three years of age and up. The stakes reached Grade 1 status in 1991. The winner of the 2023 Beverly D Stakes automatically advances to the "Cup" Championships at Santa Anita this November. Seven Beverly D winners have gone on to be voted American Championship Female Turf Horse.

The Secretariat Stakes is named for the horse whom many consider to be the greatest of all time. Secretariat was born, raised, and trained at The Meadow Farm in Caroline County. "Big Red" was the 9th Triple Crown winner in 1973, sweeping the Kentucky Derby, Preakness and Belmont in record-setting times that still stand today.

The spectacular Secretariat "Racing into History" bronze statue will be at Colonial Downs for fans to enjoy at the Festival of Racing. The breathtaking piece was sculpted by acclaimed artist Jocelyn Russell, who has trailered it to stops around the country this year including extended visits at Churchill Downs for the Kentucky Derby, Pimlico Racecourse for the Preakness, and Belmont Park for the Belmont Stakes. The statue, which will be permanently based in Ashland if fundraising goals are met, is 1.5 times Secretariat's actual size and showcases the horse racing full stride with jockey Ron Turcotte aboard.

Premium tickets, full racing schedule and information for the Festival of Racing are available at www.colonialdowns.com

About Colonial Downs

Colonial Downs Racetrack, in New Kent, Virginia, hosts live thoroughbred racing on two nationally renowned surfaces – the Secretariat Turf Course, the widest turf course in North America at 180 feet wide and on a 1 1/4-mile dirt track, second in length to only the world-famous Belmont Park.

The Colonial Downs Group, which is owned by Churchill Downs Incorporated (NASDAQ Global Select Market: CHDN), also operates Rosie’s Gaming Emporiums® in Richmond, Hampton, New Kent, Vinton, and Dumfries which offer innovative historic horseracing (HHR) gaming technology and full card simulcasting as well as Rosie’s Game Room in Collinsville, which features a limited selection of some of their best HHR titles plus full card simulcasting. The 2023 live racing season, which consists of 27 days from July 13 through September 9, is highlighted by the Grade 1 Arlington Million, Grade 1 Beverly D. and Grade 2 Secretariat Stakes on August 12 and the Grade 3 New Kent County Virginia Derby on September 9.  The Beverly D. is a Breeders’ Cup Challenge “Win & You’re In” race.

Press Contacts

Mark Hubbard
SVP Advocacy, McGuireWoods Consulting

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