LOUISVILLE, Ky., May 16, 2018 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq:CHDN) today announced an
agreement with Golden Nugget Atlantic City (“Golden Nugget”) to enter into the New Jersey real money online gaming (“iGaming”) and
sports betting markets, subject to sports wagering legislation and gaming license approvals. CDI is targeting the first
quarter 2019 to begin accepting legal wagers for iGaming and sports betting in New Jersey.
“We are looking forward to offering integrated iGaming and sports betting products in New Jersey,” said Bill Carstanjen, CEO of
Churchill Downs. “We have the unique opportunity to leverage our knowledge and experience operating the largest legal online
horse racing wagering business in the U.S. as we enter the iGaming and sports betting markets.”
“We welcome Churchill Downs, a respected U.S. gaming operator with online wagering experience, to New Jersey,” said Thomas
Winter, Senior Vice President and General Manager, Online Gaming for Landry's Golden Nugget. “The addition of their offering will
allow Golden Nugget Atlantic City to cater to an even larger demographic of New Jersey online players.”
About Golden Nugget Atlantic City
The Golden Nugget Atlantic City, located on Frank S. Farley Marina, is a premier resort destination, offering guests more than
740 rooms and suites. The Golden Nugget has established strong brand recognition worldwide with locations in Las Vegas and
Laughlin, Nevada; Biloxi, Mississippi; and Lake Charles, Louisiana. Launched in November 2013, GoldenNuggetCasino.com is the number one U.S. online casino and was voted Operator of the Year
three years in a row from 2015 to 2017 at the iGaming North America Awards. Golden Nugget Atlantic City accounts for 35% of
the New Jersey online gaming market.
About Churchill Downs Incorporated
Churchill Downs Incorporated (CDI) (Nasdaq:CHDN), headquartered in Louisville, Kentucky, is an industry-leading racing, gaming
and online entertainment company anchored by our iconic flagship event - The Kentucky Derby. We are the largest
legal online account wagering platform for horseracing in the U.S., through our ownership of TwinSpires.com and have announced our
plans to enter the U.S. real money online gaming and sports betting markets. We are also a leader in brick-and-mortar casino
gaming with approximately 10,000 gaming positions in eight states. Additional information about CDI can be found online at
www.churchilldownsincorporated.com.
Information set forth in this press release contains various “forward-looking statements” within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act
of 1995 (the “Act”) provides certain “safe harbor” provisions for forward-looking statements. All forward-looking statements made
in this press release are made pursuant to the Act.
The reader is cautioned that such forward-looking statements are based on information available at the time and/or
management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the
date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking information. 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, 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 effect of economic conditions on our consumers' confidence and discretionary spending
or our access to credit; additional or increased taxes and fees; the effect of changes in tax laws on CDI or an investment in our
shares, including as a result of changes made pursuant to recently enacted U.S. tax legislation; public perceptions or lack of
confidence in the integrity of our business; loss of key or highly skilled personnel; restrictions in our debt facilities limiting
our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values
and environmental regulations; catastrophic events and system failures disrupting our operations, including the impact of natural
and other disasters on our operations and our ability to obtain insurance recoveries in respect of such losses; inability to
identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in integrating
recent or future acquisitions into our operations; legalization of online real money gaming in the United States, and our ability
to capitalize on and predict such legalization; the number of people attending and wagering on live horse races; inability to
respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others;
inability to protect our own intellectual property rights; security breaches and other security risks related to our technology,
personal information, source code and other proprietary information, including failure to comply with regulations and other legal
obligations relating to receiving, processing, storing and using personal information; payment- related risks, such as chargebacks
for fraudulent credit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; work
stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces;
inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation
related to injuries occurring at our racetracks; the inability of our totalisator company, United Tote, to maintain its processes
accurately, keep its technology current or maintain its significant customers; weather conditions affecting our ability to conduct
live racing; increased competition in the horseracing business; changes in the regulatory environment of our racing operations;
declining popularity in horseracing; seasonal fluctuations in our horseracing business due to geographic concentration of our
operations; increased competition in our casino business; changes in regulatory environment of our casino business; development and
expansion of casinos is costly and susceptible to delays, cost overruns and other uncertainties; concentration and evolution of
slot machine manufacturing and other technology conditions that could impose additional costs; impact of further legislation
prohibiting tobacco smoking; geographic concentration of our casino business; changes in regulatory environment for our advanced
deposit wagering business; increase in competition in the advanced deposit wagering business; inability to retain current customers
or attract new customers to our advanced deposit wagering business; uncertainty and changes in the legal landscape relating to our
advanced deposit wagering business; and failure to comply with laws requiring us to block access to certain individuals could
result in penalties or impairment in our ability to offer advanced deposit wagering.
Contact: Nick Zangari
(502) 394-1157
Nick.Zangari@kyderby.com
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