Derby City Gaming Downtown Unveils New Naked-Eye 3D Video Board

LOUISVILLE, KY., (November 13, 2023– Derby City Gaming Downtown (“DCG Downtown”), Louisville’s new premiere gaming and entertainment destination, today unveiled its innovative naked-eye 3D video board in the heart of downtown Louisville. The unique and eye-catching display is the only one of its kind between New York City and Dallas, offering downtown visitors an immersive and unforgettable visual experience.

The 3D video board features the most advanced LED technology available and displays dynamic, engaging shows without the need for special glasses. As part of the unveiling, the first 3D content will debut on the eye-catching board. The captivating display will surprise and delight guests with this first-in-region video technology.

“Derby City Gaming Downtown and Churchill Downs Incorporated are thrilled to introduce our unique, new naked-eye 3D video board to downtown Louisville,” said Garth Williams, General Manager of DCG Downtown. “This 90-degree, wrap-around, state-of-the-art LED display will provide our guests and downtown visitors with an unparalleled viewing experience while establishing Derby City Gaming Downtown as a world-class gaming and entertainment venue.”

DCG Downtown is set to open on December 6, exactly 150 days before the 150th running of the Kentucky Derby. The new state-of-the-art historical horse racing entertainment venue follows in the successful footsteps of the original Derby City Gaming & Hotel on Poplar Level Road and will feature three unique bar and lounge experiences, nearly 500 Historical Racing Machines (“HRM’s), 200 onsite parking spaces and a Race & Sports Book with convenient kiosks for sports wagering. The $90 million investment is expected to create over 150 permanent jobs and generate significant tourism and economic impact for the Louisville region.

“CDI is committed to investing in the city of Louisville with our Derby City Gaming Downtown venture,” said Bill Carstanjen, CEO of CDI. “Our HRM expansion will be a win for the entire community and will create $10 to $12 million per year in additional purse money for horsemen racing at Churchill Downs Racetrack. It is important that the home of the Kentucky Derby is a city that is thriving — a great place to live, work and visit and we are committed to helping create economic vibrancy for every area of our community.”

About Derby City Gaming Downtown

Scheduled to open on December 6, 2023, Derby City Gaming Downtown (“DCG Downtown”) will be located in the heart of downtown Louisville, Kentucky. DCG Downtown will be a 43,000-square-foot gaming facility featuring nearly 500 state-of-the-art Historical Racing Machines, three bar concepts, a Race & Sports Book, 200 onsite parking spaces and Churchill Downs Gift Shop. DCG Downtown will also boast the first naked eye 3D video board in the region.

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. 

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.