Churchill Downs Integrated to Open Gaming Operations, Eating places, Grandstand and

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September 16, 2020 09:15 ET|Supply:Churchill Downs Integrated

LOUISVILLE, Ky., Sept. 16, 2020 (GLOBE NEWSWIRE) — Churchill Downs Integrated (“CDI” or the “Firm”) (Nasdaq: CHDN) introduced right now plans to open simulcast and historic racing machine (“HRM”) operations at Oak Grove Racing, Gaming & Lodge (“Oak Grove”) in Oak Grove, Kentucky, to the general public on Friday, September 18, 2020 at 10 a.m. CST. Oak Grove will debut 1,325 state-of-the-art HRMs with among the greatest themes from Ainsworth, Scientific Video games and Worldwide Gaming Expertise. Eating and beverage choices embrace Garrison Oak Steakhouse, two fast serve eateries, a espresso home, sports activities bar and splendid foyer bar. The second section of the Oak Grove venture will open in October 2020 and can embrace a 128-room resort, equestrian heart, amphitheater and a RV Park.

“We have now an distinctive crew poised to ship a premier leisure expertise and regional vacation spot for Western Kentucky and close by Nashville, Tennessee,” stated Invoice Carstanjen, CEO of CDI. “We’re dedicated to investments like Oak Grove that may assist help dwell racing at Kentucky racetracks by producing bigger purses and attracting higher horses.”

Reside harness racing will return to Oak Grove in October and November for its second fall meet and can function 12:30 p.m. CST submit occasions day by day. The meet will start on Wednesday, October 14 and proceed on Monday, Tuesdays and Wednesdays by way of November 11, 2020.

Building on the $200 million improvement venture, which started in April 2019, is positioned off Interstate 24 Exit 86 close to Clarksville, Tennessee. Oak Grove will open and function beneath capability restrictions in compliance with State and native necessities and can comply with all Middle for Illness Management (CDC) suggestions. The “Churchill Downs Integrated (CDI) 360 Diploma Method to Security” can even be applied which incorporates initiatives to facilitate social distancing, private safety and enhanced cleansing. 

The event of Oak Grove resulted in an estimated 800 building jobs and can create almost 400 direct full and half time-equivalent employment positions. CDI promotes accountable gaming. For extra info, go to www.oakgrovegaming.com.

About Churchill Downs Integrated

Churchill Downs Integrated is an industry-leading racing, on-line wagering and gaming leisure firm anchored by our iconic flagship occasion, the Kentucky Derby. We personal and function Derby Metropolis Gaming, a historic racing machine facility in Louisville, Kentucky. We additionally personal and function the most important on-line horse racing wagering platform within the U.S., TwinSpires.com, and we function sports activities betting and iGaming by way of our BetAmerica platform in a number of states. We’re a pacesetter in brick-and-mortar on line casino gaming with roughly 11,000 slot machines and video lottery terminals and 200 desk video games in eight states. Further details about CDI will be discovered on-line at www.churchilldownsincorporated.com

Sure statements made on this information launch comprise varied “forward-looking statements” throughout the that means of the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements are usually recognized by means of phrases reminiscent of “anticipate,” “consider,” “might,” “estimate,” “anticipate,” “intend,” “might,” “would possibly,” “plan,” “predict,” “venture,” “search,” “ought to,” “will,” and comparable phrases or comparable expressions (or destructive variations of such phrases or expressions). 

Though we consider that the expectations mirrored in such forward-looking statements are cheap, we may give no assurance that such expectations will show to be right. Vital components, amongst others, that will have an effect on precise outcomes or outcomes embrace the next: the impression of the novel coronavirus (COVID-19) pandemic and associated financial issues on our outcomes of operations, monetary circumstances and prospects; the impact of financial circumstances on our shoppers’ confidence and discretionary spending or our entry to credit score; further or elevated taxes and charges; public perceptions or insecurity within the integrity of our enterprise or any deterioration in our status; lack of key or extremely expert personnel; restrictions in our debt amenities limiting our flexibility to function our enterprise; common dangers associated to actual property possession, together with fluctuations in market values and environmental rules; catastrophic occasions and system failures disrupting our operations; on-line safety danger, together with cyber-security breaches; incapacity to recuperate beneath our insurance coverage insurance policies for damages sustained at our properties within the occasion of inclement climate and casualty occasions; will increase in insurance coverage prices and incapacity to acquire comparable insurance coverage protection sooner or later; incapacity to establish and full acquisition, enlargement or divestiture initiatives, on time, on funds or as deliberate; problem in integrating current or future acquisitions into our operations; prices and uncertainties referring to the event of recent venues and enlargement of current amenities; dangers related to fairness investments, strategic alliances and different third-party agreements; incapacity to answer fast technological modifications in a well timed method; inadvertent infringement of the mental property of others; incapacity to guard our personal mental property rights; payment-related dangers, reminiscent of danger related to fraudulent bank card and debit card use; compliance with the Overseas Corrupt Practices Act or relevant money-laundering rules; dangers associated to pending or future authorized proceedings and different actions; incapacity to barter agreements with {industry} constituents, together with horsemen and different racetracks; work stoppages and labor points; modifications in client preferences, attendance, wagering and sponsorship with respect to Churchill Downs Racetrack and the Kentucky Derby; private harm litigation associated to accidents occurring at our racetracks; climate and different circumstances affecting our skill to conduct dwell racing; the prevalence of extraordinary occasions, reminiscent of terrorist assaults and public well being threats; modifications within the regulatory surroundings of our racing operations; elevated competitors within the horse racing enterprise; problem in attracting a enough variety of horses and trainers for full area horse races; our incapacity to make the most of and supply totalizator providers; modifications in regulatory surroundings of our on-line horse wagering enterprise; A discount within the variety of folks wagering on dwell horse races; enhance in competitors in our on-line horse racing wagering enterprise; uncertainty and modifications within the authorized panorama referring to our on-line horse racing wagering enterprise; continued legalization of on-line sports activities betting and iGaming in the US and our skill to foretell and capitalize on any such legalization; incapacity to broaden our sports activities betting operations and successfully compete; failure to handle dangers related to sports activities betting; failure to adjust to legal guidelines requiring us to dam entry to sure people might lead to penalties or impairment with respect to our cell and on-line wagering merchandise; elevated competitors in our on line casino enterprise; modifications in regulatory surroundings of our on line casino enterprise; focus and evolution of slot machine manufacturing and different know-how circumstances that might impose further prices; and incapacity to gather gaming receivables from the purchasers to whom we prolong credit score.

We don’t undertake any obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as required by regulation.

Investor Contact: Nick Zangari   Media Contact: Tonya Abeln
(502) 394-1157   (502) 386-1742
[email protected]   [email protected]

 

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