{"id":764518,"date":"2023-06-19T18:07:47","date_gmt":"2023-06-19T22:07:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/"},"modified":"2023-06-19T18:07:47","modified_gmt":"2023-06-19T22:07:47","slug":"churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/","title":{"rendered":"Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LOUISVILLE, Ky., June  19, 2023  (GLOBE NEWSWIRE) &#8212; Churchill Downs Incorporated (\u201cCDI\u201d or the \u201cCompany\u201d) (Nasdaq: CHDN) announced that the Company has secured a site in eastern Daviess County, outside of the Owensboro city limits, to build its previously announced historical racing machine (\u201cHRM\u201d) entertainment venue as an annex of Ellis Park Racing &amp; Gaming (\u201cEllis Park\u201d). This new facility will support purse funding for Ellis Park race meets. The Company will provide updated development and investment plans, as well as the location of the property, in the coming months.<\/p>\n<p align=\"justify\">\n        <strong>About Churchill Downs Incorporated<\/strong>\n      <\/p>\n<p align=\"justify\">Churchill Downs Incorporated (\u201cCDI\u201d, NASDAQ: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company\u2019s 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. <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Hln9oXg4-vrbzzqx8ObQR2C89yJ3xSfvON0qw6E5N9uIPIkeIohJP58MhRfU6yzTpp1jL-uN0FvJ7UKaZT0IZlGwpbxFk2_9pH_UMfCP7TvduRkY3NeSK66rPJPcKSTFu-e2cqid8m2Aq8UJwV2h8Q==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.churchilldownsincorporat<\/u><u>e<\/u><u>d.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <em>This news release contains various \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwill,\u201d and similar words or similar expressions (or negative versions of such words or expressions).<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>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&#8217; 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; 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 disruptions in the general labor market; the impact of significant competition, and the expectation the 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 or 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 and Casino 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; reliance on our technology services and catastrophic events and system failures disrupting our operations; 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 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 \u201cRisk Factors\u201d in our most recent Annual Report on Form 10-K and other filings we make with the Securities and Exchange Commission.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>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.<\/em>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:33%;width:33%;min-width:33%\">Investor Contact: Philip Forbis\u00a0<\/td>\n<td style=\"max-width:33%;width:33%;min-width:33%\">\u00a0<\/td>\n<td style=\"max-width:34%;width:34%;min-width:34%\">Media Contact: Tonya Abeln<\/td>\n<\/tr>\n<tr>\n<td>(502) 394-1094<\/td>\n<td>\u00a0<\/td>\n<td>(502) 386-1742<\/td>\n<\/tr>\n<tr>\n<td>Philip.Forbis@KyDerby.com<\/td>\n<td>\u00a0<\/td>\n<td>Tonya.Abeln@KyDerby.com<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MDcwNyM1NjU0NDA4IzIwMTkwMDc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NmJjNmVkYjEtMjQ4Zi00Y2I1LWFhYzYtOGQxNzM4NGVjMTY0LTEwMzA1ODA=\/tiny\/Churchill-Downs-Incorporated.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOUISVILLE, Ky., June 19, 2023 (GLOBE NEWSWIRE) &#8212; Churchill Downs Incorporated (\u201cCDI\u201d or the \u201cCompany\u201d) (Nasdaq: CHDN) announced that the Company has secured a site in eastern Daviess County, outside of the Owensboro city limits, to build its previously announced historical racing machine (\u201cHRM\u201d) entertainment venue as an annex of Ellis Park Racing &amp; Gaming (\u201cEllis Park\u201d). This new facility will support purse funding for Ellis Park race meets. The Company will provide updated development and investment plans, as well as the location of the property, in the coming months. About Churchill Downs Incorporated Churchill Downs Incorporated (\u201cCDI\u201d, NASDAQ: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company\u2019s most iconic and enduring asset, the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-764518","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOUISVILLE, Ky., June 19, 2023 (GLOBE NEWSWIRE) &#8212; Churchill Downs Incorporated (\u201cCDI\u201d or the \u201cCompany\u201d) (Nasdaq: CHDN) announced that the Company has secured a site in eastern Daviess County, outside of the Owensboro city limits, to build its previously announced historical racing machine (\u201cHRM\u201d) entertainment venue as an annex of Ellis Park Racing &amp; Gaming (\u201cEllis Park\u201d). This new facility will support purse funding for Ellis Park race meets. The Company will provide updated development and investment plans, as well as the location of the property, in the coming months. About Churchill Downs Incorporated Churchill Downs Incorporated (\u201cCDI\u201d, NASDAQ: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company\u2019s most iconic and enduring asset, the &hellip; Continue reading &quot;Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-19T22:07:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MDcwNyM1NjU0NDA4IzIwMTkwMDc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky\",\"datePublished\":\"2023-06-19T22:07:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\\\/\"},\"wordCount\":841,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg2MDcwNyM1NjU0NDA4IzIwMTkwMDc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\\\/\",\"name\":\"Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky - 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This new facility will support purse funding for Ellis Park race meets. The Company will provide updated development and investment plans, as well as the location of the property, in the coming months. About Churchill Downs Incorporated Churchill Downs Incorporated (\u201cCDI\u201d, NASDAQ: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company\u2019s most iconic and enduring asset, the &hellip; Continue reading \"Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-19T22:07:47+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MDcwNyM1NjU0NDA4IzIwMTkwMDc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky","datePublished":"2023-06-19T22:07:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/"},"wordCount":841,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MDcwNyM1NjU0NDA4IzIwMTkwMDc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/churchill-downs-incorporated-announces-hrm-entertainment-venue-to-be-built-in-eastern-daviess-county-kentucky\/","name":"Churchill Downs Incorporated Announces HRM Entertainment Venue to be Built in Eastern Daviess County, Kentucky - 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