Business
Indiana Gaming Commission Selects Churchill Downs Incorporated’s Application for a Casino Owner’s License in Vigo County, Indiana
Proposal Includes a $240 Million Investment to Build the Queen of Terre Haute Casino Resort LOUISVILLE, Ky., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Churchill Downs
About this update from Churchill Downs, Incorporated
[{"type":"text","content":"Proposal Includes a $240 Million Investment to Build the Queen of Terre Haute Casino Resort\nLOUISVILLE, Ky., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that the Indiana Gaming Commission (“IGC”) selected the Company’s application for a casino owner’s license, submitted by its wholly-owned subsidiary CDITH, LLC (“CDITH”), to develop the Queen of Terre Haute Casino Resort (the “Queen of Terre Haute”) in Vigo County, Indiana. The IGC unanimously voted to grant CDITH the sole Certificate of Suitability following a competitive proposal process that included applications from three other bidders. “We are thrilled for this opportunity and honored for the trust that the Indiana Gaming Commission has placed in CDI and our plan to bring a true destination casino resort to West Central Indiana,” said Bill Carstanjen, Chief Executive Officer of CDI. CDI’s plan includes a $240 million investment that will feature 1,000 slot machines, 50 table games, a 125-room luxury hotel, a state-of-the-art TwinSpires Sportsbook and several food & beverage offerings. The concepts and design features for the approximately 400,000-square-foot Queen of Terre Haute development will reflect the unique heritage of Vigo County and the surrounding region. “In the days ahead, we look forward to continuing our collaboration with local officials in Vigo County and the Indiana Gaming Commission as we work to turn our vision for the Queen of Terre Haute into a reality,” said Jason Sauer, Senior Vice President of Corporate Development for CDI. The IGC will officially award CDITH the casino owner’s license to operate an inland casino in Vigo County upon the final affirmation of the pending nonrenewal of the prior license holder. The Certificate of Suitability and future issuance of the license is subject to all Commission regulations, resolutions and orders. 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 r...