Fair Grounds Appoints New Leadership in Financial Operations
NEW ORLEANS (Thursday, July 5, 2018) – Bridget Harmon was named Senior Director of Finance for Churchill Downs Incorporated’s Louisiana Operations, including Fair Grounds Race Course and Slots and Fair Grounds OTB and Casinos in the New Orleans metropolitan area. Harmon, formerly the Financial Analysis Manager for Louisiana Operations has been with Fair Grounds since February of 2011 and has played an integral role in the majority of the ongoing operational needs and corporate reporting functions of the Department.
Additionally, Fair Grounds appointed Lamar Roberts to Director of Cash Operations for the venerable Track and its Slot Operations. Roberts, former Cage Manager and champion of best service practices, has held that position as a leader within the property since 2012. Rounding out the recent appointments, Courtney Duhon, previously Cage Supervisor, was promoted to Cash Operations Manager following leadership stints within the cage and an equal tenure as a team member of Fair Grounds since 2012.
“We are extremely excited to promote Bridget Harmon into our senior Finance role. Her wealth of talent and experience, proven track record and in-depth knowledge of our gaming, racing and accounting regulatory requirements will afford us the opportunity to continue building on our long-term goals of returning value to our team members, our company and our shareholders,” said Doug Shipley, president of Fair Grounds. “We are equally excited with the appointment of Lamar Roberts and Courtney Duhon into Cash Operations responsibilities for our racing and slots operations and look forward to their leadership in these roles as we prepare for our 147th live race meet this fall.”
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.
About Fair Grounds Race Course & Slots
Fair Grounds Race Course & Slots (“Fair Grounds”), the nation’s third-oldest racetrack, has been in operation since 1872. Located in New Orleans, LA, Fair Grounds is owned by Churchill Downs Incorporated (NASDAQ: CHDN). Fair Grounds also operates a slot-machine gaming facility and 12 OTB and casinos throughout southeast Louisiana. Live racing at Fair Grounds returns in August with the running of the 10th Summer Quarter Horse Meet and in the fall with the 147th Thoroughbred Racing Season – highlighted by the 106th running of the Louisiana Derby in March of 2019. More information can be found online at www.fairgroundsracecourse.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]
