Churchill Downs Incorporated Opens Terre Haute Casino Resort Hotel in Terre Haute, Indiana
May 15 2024 - 9:00AM
Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq:
CHDN) today announced the opening of its new 122-room hotel and
event center at Terre Haute Casino Resort. CDI opened the
400,000-square-foot regional entertainment venue’s casino floor on
April 5, 2024 with 1,000 slot machines, 36 tables games, and a
state-of-the-art sportsbook. Terre Haute Casino Resort offers
regionally inspired food and beverage amenities including the Four
Cornered Steakhouse, Rockwood Bar & Grill, The Soda Shoppe,
Crossroads Center Bar and High Limit Bar.
“Terre Haute Casino Resort has already attracted
thousands of visitors from the region to enjoy an unparalleled
gaming experience,” said Bill Carstanjen, CEO of CDI. “The opening
of the new luxury hotel component furthers our commitment to
bringing new vibrancy to Terre Haute with this premier
entertainment destination and marks a significant milestone for
Churchill Downs Incorporated.”
The development of Terre Haute Casino Resort
generated nearly 1,000 construction jobs and will continue to
provide approximately 550 full-time and part-time jobs to the
region. CDI officially broke ground on the entertainment venue in
June 2022 with construction management partner, Wilhelm
Construction.
About Terre Haute Casino
Resort
Terre Haute Casino Resort is a
400,000-square-foot regional entertainment venue located in Terre
Haute, Indiana. Owned and operated by Churchill Downs Incorporated
(“CDI”) (Nasdaq: CHDN), the property features 1,000 slot machines,
36 table games, a 122-room luxury hotel, state-of-the-art
sportsbook, and regionally inspired food and beverage amenities.
www.terrehautecasino.com
About Churchill Downs
Incorporated
Churchill Downs Incorporated (“CDI”) (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.
www.churchilldownsincorporated.com
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,” “scheduled,” and similar words or similar
expressions (or negative versions of such words or expressions),
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 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 any pandemics, epidemics, or
outbreaks of infectious diseases, including possible new variants
of COVID-19, 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 that 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 betting
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
litigation; 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.
Investor Contact: Kaitlin Buzzetto |
|
Media Contact: Tonya Abeln |
(502) 394-1091 |
|
(502) 386-1742 |
Kaitlin.Buzzetto@kyderby.com |
|
Tonya.Abeln@kyderby.com |
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