Business
Churchill Downs Incorporated Provides an Update on Louisiana Operations
LOUISVILLE, Ky., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Fair Grounds
About this update from Churchill Downs, Incorporated
[{"type":"text","content":"LOUISVILLE, Ky., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Fair Grounds Race Course & Slots (“Fair Grounds”) and 12 of the Company’s 15 Off-Track Betting (“OTB”) facilities in Louisiana that were impacted by Hurricane Ida have reopened. Fair Grounds and eight of the OTB’s were reopened by September 15, 2021 and four of the OTB’s were reopened between September 20, 2021 and September 26, 2021. CDI continues to actively develop and execute plans to reopen the three properties that are closed. CDI has property insurance including business interruption coverage subject to applicable deductibles. 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 three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have eight retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. www.churchilldownsincorporated.com Certain statements made in this news release contain 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 affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the effect of economic conditions o...