Derby Diversity & Business Summit Honors Bill Carstanjen with Cultural Equity for Products & Services Award in the Arts on Opening Night
LOUISVILLE, KY., (May 10, 2019) – DDBS is proud to be a signature sponsor of Louisville’s Awards in the Arts on Opening Night at Churchill Downs – introducing the FIRST Cultural Equity Award in partnership with the Fund for the Arts. DDBS will be kicking off our DDBS Awards Celebrations by recognizing one of our DDBS Awardees, during opening night. The DDBS Awardee to be recognized opening night is CEO of Churchill Downs, Bill Carstanjen for a product and service that has moved the needle forward on cultural equity. Carstanjens’ implementation of the Cultural Pass has assisted in addressing barriers that may prohibit children from accessing the city’s art and cultural venues.
DDBS’ Cultural Equity for Products & Services Award in the Arts will be presented to Bill Carstanjen at Churchill Downs during Opening Night on April 27, 2019 and during the DDBS Awards, Thursday May 2nd, during the Derby Sneaker Ball.
The Cultural Pass provides free access to many of Greater Louisville’s arts and cultural institutions for children of Metro Louisville. The Pass is valid for one-time general admission at each of the participating institutions and is valid from June 1 to August 10. Created from Vision Louisville, the Cultural Pass is an innovative initiative to promote art and culture and improve summer learning in our community. The 2019 Cultural Pass is presented by Churchill Downs, in partnership with Metro Louisville, Fund for the Arts, Arts and Culture Alliance, Louisville Free Public Library. Starting in 2018, additional underwriting for Southern Indiana & Bullitt County families to participate in the 2019 Cultural Pass was made possible in partnership with the Jeffersonville Township Library, New Albany Floyd County Library and Bullitt County Public Library. Nearly 200,000 passes have been issued since its inception in 2014. “We are proud of our partnership with Churchill Downs and The Derby Diversity & Business Summit and we are grateful for Bill Carstanjen’s leadership and commitment to cultural equity through the arts.” shared J.P Davis, Sr. Vice President.
The Vision of the Cultural Pass:
A Cultural Pass for children of all ages that supports and encourages life-long learning by providing access to Greater Louisville’s art and cultural institutions.
Key Objectives:
1. Impact summer learning loss by creating a learning experience through programming, activities, and education
2. Establish a life-long relationship between Greater Louisville’s children and the art and cultural institutions
3. Work to address barriers that may prohibit children from accessing the city’s art and cultural venues
The 2019 Cultural Pass is daily managed by the Fund for the Arts and overseen by a Coordinating Committee, comprised of representatives from the Mayor’s Office, Arts and Culture Alliance, Louisville Free Public Library and the Fund for the Arts. The Education/Collaboration Committee of the ACA serves as an advisory committee providing feedback, ideas, and suggestions.
The 2019 Cultural Pass is available starting June 1, 2019 and may be picked up at any Louisville Free Public Library branch along with the Summer Reading Program. Pass holders can register and track the progress of your Cultural Pass online at www.lfpl.org/culturalpass. The official Cultural Pass Launch Day will be on June 1 at the Main Branch of the Louisville Free Public Library and all participating venues will be invited to participate. Pass holders are encouraged to visit as many venues as you are able. Pass holders that visit the most venues will be entered into a drawing for tickets, season passes and other prizes provided by members of the Arts and Culture Alliance.
Louisville’s Awards in the Arts celebrates the extraordinary arts community in the Greater Louisville region and the arts tremendous contribution to our unique cultural landscape and quality of place. But most of all, Louisville’s Awards in the Arts were established to celebrate the artists themselves, their talent and passion, to create, produce and present transformative and inspiring works of arts, in and for our community.
About Churchill Downs Incorporated
Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event – The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville, Kentucky. We also own and operate the largest online horse racing wagering platform in the U.S., TwinSpires.com, and we operate sports betting and iGaming through our BetAmerica platform in multiple states. 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
Phone: (502) 394-1157
Email: [email protected]
