Derby City Gaming Opens New Hotel, Restaurant and Expanded Gaming Floor
LOUISVILLE, KY., (June 14, 2023) – Derby City Gaming & Hotel (“Derby City Gaming”) held a grand opening event celebrating the completion of its 123-room hotel, chophouse, bourbon bar and sports bar. KY Senate President, Robert Stivers and Mayor Craig Greenberg joined Senior Churchill Downs Incorporated (“CDI”) and Derby City Gaming leadership for a ribbon cutting ceremony and VIP Event on Thursday, June 8 with reservations opening to the public on June 12. Establishing itself as a leader in the entertainment industry, Derby City Gaming is now able to provide guests with luxurious overnight hotel accommodations, an upscale culinary experience and a state-of-the-art sports bar to facilitate sports wagering.
The celebrations also included the announcement of a new General Manager, Bridget Harmon. Prior to joining the Derby City Gaming team, Harmon worked at CDI’s Fair Grounds Race Course & Slots in New Orleans, Louisiana, as Sr. Director of Finance. Harmon was an integral part of standing up CDI’s Historical Racing Machine (“HRM”) business within Louisiana after it’s legalization in 2021.
Former Derby City Gaming General Manager, Garth Williams, was promoted to General Manager of Derby City Gaming Downtown, expected to open this fall. Williams will immediately begin shifting focus to the downtown project and building out the team who will operate the facility. The downtown property will feature 500 HRM’s, three unique bar concepts and gift shop.
“Both Garth and Bridget are uniquely qualified to take on these roles for these equally important assets of our company,” said Tim Bryant, Vice President of Gaming Operations for CDI. “Both have led their respective properties to record levels of performance and created lasting improvements that will provide worthwhile guest experiences. We are excited to see what the future holds for both Derby City Gaming Downtown and Derby City Gaming & Hotel under their management.”
The Derby City Gaming team commemorated the special occasion by donating $10,000 to Second Stride – a leading national equine adoption program located in Oldham County, Kentucky. Second Stride’s mission is to rehabilitate and retrain thoroughbreds after their racing careers. “On this day where we celebrate the exciting growth of Derby City Gaming, we wanted to also commemorate the horseracing industry that we exist to support and, as part of that, the amazing animals who are the heart of it all.” said Bridget Harmon, General Manager of Derby City Gaming.
To make dinner reservations for Oliver’s Chophouse, visit https://www.opentable.com/r/olivers-chop- house-at-derby-city-gaming-louisville.
To make hotel stay accommodations at Derby City Gaming, visit https://www.derbycitygaming.com/hotel/.
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 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; 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 focus on market access and retail operations for our TwinSpires Sports and Casino business and effectively compete; inability to identify and / or complete, or fully realize the benefits of 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 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; 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 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.
