Churchill Downs Incorporated Appoints Konstantin Makarov as Senior Advisor for Global Markets

Louisville, KY., (September 12, 2025) – Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today the appointment of Konstantin Makarov to the newly created role of Senior Advisor, Global Markets. In this executive position, Makarov will report directly to the President and Chief Operating Officer, Bill Mudd and will be responsible for advising on CDI’s international expansion strategy across all global markets, with an initial focus on the Gulf Cooperation Council (GCC) region.

Makarov brings extensive experience in building strategic partnerships and fostering growth in dynamic international markets. His expertise will contribute significantly as CDI explores investment, acquisition, and partnership opportunities to expand the Company’s global footprint.

“Konstantin’s appointment underscores our commitment to a robust, long-term global strategy,” said Mudd. “His proven track record and deep insights into key international markets will be invaluable as we accelerate our growth initiatives beyond North America.”

“I am honored to join the leadership team at Churchill Downs Incorporated and contribute to its next phase of growth,” said Konstantin Makarov. “I look forward to leveraging my experience to identify and develop strategic opportunities that will position CDI as a leader in global markets.”