Michael Taylor Named President of Turfway Park Racing & Gaming

FLORENCE, KY., (March 22, 2022) Turfway Park Racing & Gaming (“Turfway Park”) announced today that Michael Taylor has been named President of the state-of-the-art live Thoroughbred and historical racing machine (“HRM”) entertainment venue and President of Newport Racing & Gaming (“Newport Gaming”). Taylor brings 20 years of gaming leadership experience in both regulatory and corporate roles. He has led a variety of operational teams including gaming, racing, food and beverage and security and has served on the opening teams for three gaming properties.

As President, Taylor will be responsible for leading Turfway Park and Newport Gaming including compliance and regulatory requirements and the management of live and historical racing.

“I am incredibly excited to join the team in Northern Kentucky as we continue preparations leading up to Turfway’s grand opening,” Taylor said. “I also look forward to developing strong relationships with the community and growing our team to continue building on the legacy of Turfway Park and our success in Newport.”

With a background in law enforcement, Taylor started his career in gaming as a Surveillance Supervisor for the Seneca Gaming Authority in Niagara Falls, New York, before his appointment as Director of Surveillance at Delaware North in Buffalo, New York. He went on to become General Manager of Empire City casino in Yonkers, New York, and served as Vice President of Operations and Vice President of Hospitality.

“Michael’s proven track record and his operational experience positions Turfway Park for a smooth and successful grand opening and long term success as a regional entertainment destination,” said Bill Mudd, President and Chief Operating Officer for Churchill Downs Incorporated (“CDI”). “His leadership style focuses on the importance of mentoring team members and growing talent from within, so we look forward to witnessing hundreds of new jobs develop into rewarding careers.”

Turfway Park is a $145 million project that continues CDI’s continued efforts to strengthen Kentucky’s signature horse racing industry. In March 2020, a Tapeta synthetic track was installed, known to be one of the world’s leading surfaces for racing and training. The next phase of development and construction is targeted for opening around September 1, 2022, and will include 850 HRMs, a sports bar, VIP gaming area and lounge, simulcast room and a Clubhouse that will also be used as an event center. An additional phase will include an incremental $26 million investment in Turfway Park’s backside to build and replace barns and a new backside dormitory. Turfway Park will continue to host live Thoroughbred racing for their Winter/ Spring Meet through March.

Newport Gaming, located off Interstate 471 Exit 3, is an extension of the racing license associated with Turfway Park. The HRM entertainment venue unveiled a 14,000 sq. ft. expansion in November 2021 that enhanced the guest experience while creating a more spacious environment to spin, win and enjoy 500 exciting Vegas-style game themes while featuring the best local bands and live musicians regularly.

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

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

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

Press Contacts

Tonya Abeln
Vice President, Corporate Communications

You may also be interested in:

Churchill Downs Incorporated Announces Executive Promotions in Gaming

Churchill Downs Incorporated announced today a series of executive leadership promotions within the Company’s Gaming segment.

Read More
Churchill Downs Incorporated Names Nate Simon Senior Vice President and Chief Technology Officer

Churchill Downs Incorporated announced today that Nate Simon has been named Senior Vice President and Chief Technology Officer of the Company.

Read More
Casey C. Ramage Named Vice President of Marketing and Partnerships for Churchill Downs Racetrack and the Kentucky Derby

Churchill Downs announced today that Casey C. Ramage has been named Vice President of Marketing and Partnerships for the famous racetrack.

Read More

Churchill Downs’ Statement in Response to KHRC Stewards Ruling on Kentucky Derby 147

LOUISVILLE, KY., (February 21, 2022) Today Churchill Downs recognizes Mandaloun as the winner of the 147th running of the Kentucky Derby and extends our congratulations to owner/breeder Juddmonte, trainer Brad Cox and jockey Florent Geroux. Winning the Kentucky Derby is one of the most exciting achievements in sports and we look forward to celebrating Mandaloun on a future date in a way that is fitting of this rare distinction.

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 nine retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in nine states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about Churchill Downs Incorporated can be found online at www.churchilldownsincorporated.com.

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

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

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

Press Contacts

Tonya Abeln
Vice President, Corporate Communications

You may also be interested in:

Terre Haute Casino
Churchill Downs Incorporated Proposes New Site for Queen of Terre Haute Casino Resort

Churchill Downs Incorporated announced today that the Company has filed an application with the Vigo County Area Planning Department to rezone approximately 49 acres located on East Margaret Drive just west of State Road 46.

Read More
TwinSpires Launches Sports Betting at Ocean Downs Casino in Maryland

TwinSpires, the industry-leading online wagering platform for horse racing, has partnered with Ocean Downs Casino in Berlin, Maryland to launch a retail sportsbook today.

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

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

Read More

Jack Sours Named President, General Manager of Presque Isle Downs & Casino

ERIE, PA., (November 24, 2021) Presque Isle Downs & Casino announced today that Jack Sours has been named its new President and General Manager. With his 20 years of gaming experience, Sours brings 16 years of leadership as a General Manager working in a number of jurisdictions including Maine, Pennsylvania, Missouri and Mississippi. In addition to extensive leadership roles in gaming and hospitality management, Jack brings experience in Thoroughbred racetrack operations. His role at Presque Isle Downs & Casino will begin immediately subject to licensure and necessary approvals of the Pennsylvania Gaming Control Board.

Austin Miller, Senior Vice President of Gaming Operations for Churchill Downs Incorporated, the owner and operator of Presque Isle Downs & Casino, shared, “Jack is a skilled operator and has a proven track record of developing impressive team member and guest loyalty. He is the ideal candidate to lead Presque Isle into its next phase of growth.”

Jack currently serves as Vice President and General Manager at Oxford Casino Hotel in Oxford, Maine, where he has been responsible for the operations of the 100,000 square foot facility since planning and executing the opening in 2011. His seasoned career in gaming also includes general management roles at Mountaineer Casino Racetrack and Resort and Isle of Capri Casinos. Jack holds a Bachelor of Science in Finance and a Master of Business Administration from George Mason University.

“It is incredibly exciting to bring my experience and passion for this industry to Presque Isle Downs & Casino,” Jack said. “I’m thrilled to lead another great property in the Churchill Downs Incorporated portfolio and am confident that, with this talented team, we can continue to grow the success of this unique property.”

Presque Isle Downs & Casino boasts a live Thoroughbred racetrack, over 1,500 slots and 30 table games, and features 50 self-serve sports betting kiosks at its TwinSpires Sportsbook. Located just south of I-90 Exit 27 in Erie, Pennsylvania, the entertainment venue also includes a variety of dining experiences including Churchill’s Bourbon & Brew. Additional information can be found at presqueisledowns.com.

Press Contacts

Tonya Abeln
Vice President, Corporate Communications

You may also be interested in:

Casey C. Ramage Named Vice President of Marketing and Partnerships for Churchill Downs Racetrack and the Kentucky Derby

Churchill Downs announced today that Casey C. Ramage has been named Vice President of Marketing and Partnerships for the famous racetrack.

Read More
Matt Gallagher Named Vice President, General Manager of Oxford Casino Hotel

Oxford Casino Hotel announced today that Matt Gallagher has been named its new Vice President and General Manager.

Read More
Darren VanDover Named President, General Manager of Oak Grove Racing, Gaming & Hotel

Oak Grove Racing, Gaming & Hotel announced today that Darren VanDover has been named its new President and General Manager.

Read More

Darren VanDover Named President, General Manager of Oak Grove Racing, Gaming & Hotel

OAK GROVE, KY, (November 23, 2021) Oak Grove Racing, Gaming & Hotel announced today that Darren VanDover has been named its new President and General Manager. With his 25 years of gaming experience, Darren brings 12 years of leadership as a General Manager working in a number of jurisdictions including Missouri, Illinois and Nevada.

As President and General Manager, Darren will be responsible for leading the successful overall direction, administration and coordination of all activities at Oak Grove Racing, Gaming & Hotel including compliance with regulatory requirements and the ongoing duties of historical racing, live racing, hotel, RV Park and entertainment operations. He is poised to assume this role on November 29th, pending the licensing and approval process from the Kentucky Horse Racing Commission.

“I am thrilled to join the team here at Oak Grove Racing, Gaming & Hotel and to continue the acceleration of success after the property’s first full year of operations,” Darren said. “I’m eager to connect with the people of Oak Grove and am committed to ensuring that this one-of-a-kind entertainment destination continues to bring value to the community.”

Austin Miller, Senior Vice President of Gaming Operations for Churchill Downs Incorporated, the owner and operator of Oak Grove Racing, Gaming & Hotel, shared, “I couldn’t be happier that Darren is joining our team at Oak Grove. He brings a proven track record of success from other gaming establishments and a management style that will continue to elevate this grand entertainment destination.”

Darren’s seasoned career in gaming includes almost 20 years at multiple properties with Caesars Entertainment including roles in finance, operations and ultimately Senior Vice President and General Manager of Harrah’s Kansas City, among other strategic leadership roles over his 25 years of experience. He holds a Bachelor of Science in Business Administration from Northern Arizona University and a Master of Business Administration from Vanderbilt University – Owen Graduate School of Management.

Oak Grove Racing, Gaming & Hotel boasts over 1,300 state-of-the-art historical racing machines, a 128-room hotel, live horse racing, an equestrian center, amphitheater, RV Park and more. Located just 10 miles from Clarksville, Tennessee, and less than 60 miles from Nashville, the entertainment venue also includes locally-inspired dining and beverage options including its signature Garrison Oak Steakhouse, two quick serve eateries, a coffee house, sports bar and luxurious lobby bar. Additional information can be found at oakgrovegaming.com.

Press Contacts

Tonya Abeln
Vice President, Corporate Communications

You may also be interested in:

Casey C. Ramage Named Vice President of Marketing and Partnerships for Churchill Downs Racetrack and the Kentucky Derby

Churchill Downs announced today that Casey C. Ramage has been named Vice President of Marketing and Partnerships for the famous racetrack.

Read More
Matt Gallagher Named Vice President, General Manager of Oxford Casino Hotel

Oxford Casino Hotel announced today that Matt Gallagher has been named its new Vice President and General Manager.

Read More
Jack Sours Named President, General Manager of Presque Isle Downs & Casino

Presque Isle Downs & Casino announced today that Jack Sours has been named its new President and General Manager.

Read More

Newport Racing & Gaming to Open Expansion on November 24

NEWPORT, KY., (November 23, 2021) Newport Racing & Gaming (“Newport” or the “Property”) announced today that it will open a new expansion on Wednesday, November 24. The historical racing machine (“HRM”) entertainment venue, owned and operated by Churchill Downs Incorporated, opened in the Newport Shopping Center off Interstate 471 Exit 3 in October 2020, introducing a gaming floor and horse racing simulcast area to Newport, Kentucky.

The expansion will add 14,000 sq. ft. to the Property and relocate 150 of the existing HRMs into the new area to create a more spacious environment. Guests will continue to have the opportunity to spin and win on 500 of the latest and greatest Vegas-style themes including favorites such as Wheel of Fortune, Quick Hits, Lock-it-Link, Stinkin’ Rich and more. The build out will effectively create two distinct areas within Newport, with the new area designated for smoking and the original gaming floor to remain smoke-free. The extended space will also include a bar, and allow a stage area for live entertainment and promotions in the non-smoking gaming area.

“The success of Newport Racing & Gaming reflects the level of entertainment available through the premium game offerings here,” said Chip Bach, General Manager of Newport. “This expansion allows us to enhance the experience for new and returning guests, offer additional amenities and support local musicians, all while bolstering Kentucky’s signature horse racing industry.”

Newport is an extension of the racing license associated with Turfway Park in nearby Florence, Kentucky. Since opening, the $38.4 million development project has provided approximately 70 permanent jobs. Newport operates Monday through Sunday from 10 a.m. to 2 a.m. Newport promotes responsible gaming. For more information, visit https://www.newportrg.com/.

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

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

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

Press Contacts

Gary Pecorello

You may also be interested in:

TwinSpires Launches Sports Betting at Ocean Downs Casino in Maryland

TwinSpires, the industry-leading online wagering platform for horse racing, has partnered with Ocean Downs Casino in Berlin, Maryland to launch a retail sportsbook today.

Read More
TwinSpires Sportsbook Launches In New Jersey

TwinSpires, the Churchill Downs Incorporated-owned industry-leading online wagering platform for horse racing, is thrilled to launch its online sports betting and iGaming products in New Jersey today.

Read More
Indiana Gaming Commission Selects Churchill Downs Incorporated’s Application for a Casino Owner’s License in Vigo County, Indiana

Churchill Downs Incorporated announced today that the Indiana Gaming Commission selected the Company’s application for a casino owner’s license to develop the Queen of Terre Haute Casino Resort in Vigo County, Indiana.

Read More

Churchill Downs Applauds Passage of Horseracing Integrity and Safety Act

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 also own and operate three pari-mutual gaming entertainment venues in Kentucky: Derby City Gaming; Oak Grove Racing, Gaming, and Hotel; and Newport Racing and Gaming. Our online wagering business owns and operates TwinSpires.com, the largest and most profitable online horse racing wagering platform in the U.S., and BetAmerica, an online sports betting and iGaming platform in the U.S. We are also a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines and video lottery terminals and 200 table games in eight states. Additional information about CDI can be found online at www.churchilldownsincorporated.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

You may also be interested in:

BetRivers Sportsbook Opens at Rivers Casino Des Plaines

Churchill Downs Incorporated and Rush Street Gaming announced today that BetRivers Sportsbook opened at their joint venture, Rivers Casino Des Plaines—the home of the first brick-and-mortar sportsbook to be approved by the Illinois Gaming Board.

Read More
Churchill Downs Incorporated Launches Retail Sportsbook in Indiana

Churchill Downs Incorporated announced that it launched its BetAmerica retail sportsbook at Rising Star Casino Resort in Rising Sun, Indiana.

Read More
Churchill Downs Incorporated Appoints Paul C. Varga as New Board Member

Churchill Downs Incorporated announced today the appointment of Paul C. Varga to the Company’s Board of Directors.

Read More

Major Racing Organizations Jointly Fund Study on the Effects of Furosemide

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 also own and operate three pari-mutual gaming entertainment venues in Kentucky: Derby City Gaming; Oak Grove Racing, Gaming, and Hotel; and Newport Racing and Gaming. Our online wagering business owns and operates TwinSpires.com, the largest and most profitable online horse racing wagering platform in the U.S., and BetAmerica, an online sports betting and iGaming platform in the U.S. We are also a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines and video lottery terminals and 200 table games in eight states. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

About The Stronach Group and 1/ST

The Stronach Group is a world-class technology, entertainment and real estate development company with Thoroughbred horse racing and pari-mutuel wagering at the core.  The company’s consumer facing brand 1/ST (pronounced “First”) powers The Stronach Group’s forward-thinking 1/ST RACING, 1/ST CONTENT, 1/ST TECHNOLOGY, 1/ST LIVE and 1/ST PROPERTIES businesses, while advocating for and driving the 1/ST HORSE CARE mission. 1/ST represents The Stronach Group’s continued movement toward redefining Thoroughbred racing and the ecosystem that drives it. 1/ST RACING drives the best-in-class horse racing operations at the company’s premier racetracks and training centers including: Santa Anita Park, Golden Gate Fields and San Luis Rey Downs (California); Gulfstream Park – home of the Pegasus World Cup Championship Invitational Series, and Gulfstream Park West (Florida); the Maryland Jockey Club at Laurel Park, Pimlico Race Course - home of the legendary Preakness Stakes, Rosecroft Raceway and Bowie Training Center (Maryland). 1/ST CONTENT is the newly formed operating group for all of 1/ST’s media and content companies including: Monarch Content Management, Elite, GWS and XBTV. 1/ST TECHNOLOGY is horse racing’s largest racing and gaming technology company offering world-class products via its AmTote, Xpressbet, 1/ST BET, XB SELECT, XB NET, PariMAX and Betmix brands. 1/ST LIVE blends the worlds of sports, entertainment and hospitality by delivering uniquely curated events such as InfieldFest and Pegasus LIV Stretch Village. 1/ST PROPERTIES is responsible for the development of the company’s live, work and play communities surrounding its racing venues including: The Village at Gulfstream Park (Florida) and Paddock Pointe (Maryland).  As the advocate for critical industry reforms and by making meaningful investments into aftercare programs for retired horses and jockeys, 1/ST HORSE CARE represents The Stronach Group’s commitment to achieving the highest level of horse and rider care and safety standards in Thoroughbred horse racing on and off the track. For more information please visit www.1st.com.

About the Breeders’ Cup

The Breeders’ Cup administers the Breeders’ Cup World Championships, Thoroughbred horse racing’s year-end Championships, as well as the Breeders’ Cup Challenge qualifying series, which provides automatic starting positions into the Championships races. The Breeders’ Cup is also a founding member of the Thoroughbred Safety Coalition, an organization composed of industry leaders committed to advancing safety measures in Thoroughbred racing and improving the well-being of equine and human athletes.The 2020 Breeders’ Cup World Championships, consisting of 14 Championship races, is scheduled to be held on November 6-7 at Keeneland Race Course in Lexington, Kentucky and features a total of $31 million in purses and awards. The event will be televised live by the NBC Sports Group. Breeders’ Cup press releases appear on the Breeders’ Cup website, breederscup.com. You can also follow the Breeders’ Cup on social media.

About Keeneland

For more than 80 years, the Keeneland Association has devoted itself to the health and vibrancy of the Thoroughbred industry. The world’s largest Thoroughbred auction house, Keeneland conducts four sales a year, in January, April, September and November, and presents online auctions through the Keeneland Digital Sales Ring. Graduates of Keeneland sales dominate racing across the globe at every level. In April and October, Keeneland offers some of the highest caliber and richest Thoroughbred racing in the world. In 2020, The Summer Meet at Keeneland presented five days of racing from July 8-12. Keeneland hosted the Breeders’ Cup World Championships in 2015 and will hold the event again on Nov. 6-7, 2020, and in 2022. Uniquely structured, Keeneland is a privately held company with a not-for-profit mission that returns its earnings to the industry and the community in the form of higher purses and millions of dollars donated in support of horse industry initiatives and charitable contributions for education, research, and health and human services throughout Central Kentucky. Keeneland also maintains the Keeneland Library, a world-renowned public research institution with the mission of preserving information about the Thoroughbred industry. To learn more, visit Keeneland.com.

About the Kentucky Thoroughbred Association

The Kentucky Thoroughbred Association is a horseman’s group and trade association representing Thoroughbred breeding and racing in Kentucky. Kentucky is the biggest producer of Thoroughbred foals in the world, responsible for 40% of the US foal crop, the largest concentration of stallions, veterinary practices and breeding farms, and is home to the largest yearling and breeding stock sales, premier race meetings at Keeneland, the Kentucky Derby at Churchill Downs, Kentucky Downs and year-round racing at Turfway Park and Ellis Park.

About the New York Racing Association (NYRA)

The New York Racing Association, Inc. (NYRA) holds the exclusive franchise to conduct thoroughbred racing at Aqueduct Racetrack, Belmont Park and Saratoga Race Course. NYRA tracks are the cornerstone of New York State's thoroughbred industry, which is responsible for 19,000 jobs and more than $3 billion in annual statewide economic impact. Accredited by the National Thoroughbred Racing Association Safety and Integrity Alliance, NYRA is a founding member of the Thoroughbred Safety Coalition, a group of the nation’s leading racing organizations working collaboratively to advance safety measures across the sport. Over the course of 217 days of live racing in 2019, NYRA generated more than $2.1 billion in all-sources wagering handle with paid attendance exceeding 1.5 million.

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

You may also be interested in:

BetRivers Sportsbook Opens at Rivers Casino Des Plaines

Churchill Downs Incorporated and Rush Street Gaming announced today that BetRivers Sportsbook opened at their joint venture, Rivers Casino Des Plaines—the home of the first brick-and-mortar sportsbook to be approved by the Illinois Gaming Board.

Read More
Churchill Downs Incorporated Launches Retail Sportsbook in Indiana

Churchill Downs Incorporated announced that it launched its BetAmerica retail sportsbook at Rising Star Casino Resort in Rising Sun, Indiana.

Read More
Churchill Downs Incorporated Appoints Paul C. Varga as New Board Member

Churchill Downs Incorporated announced today the appointment of Paul C. Varga to the Company’s Board of Directors.

Read More