Churchill Downs to Renovate Jockey Club Suites
26 Julho 2023 - 7:19PM
Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq:
CHDN) announced today a renovation project that will update and
refresh the Jockey Club Suites at Churchill Downs Racetrack
(“Churchill Downs” or the “Racetrack”). The $14 million renovation
will modernize what is considered one of the original luxury and
full-service hospitality experiences at the legendary Racetrack.
The project is scheduled to be completed in advance of the 150th
Kentucky Derby in May 2024.
The renovation plans will enhance all aspects of
the 61 suites, common spaces, dining rooms and restrooms located on
the fourth, fifth, and sixth floors in a tower directly adjacent to
the historic Twin Spires along the homestretch at Churchill Downs.
Originally constructed in 2004, the Jockey Club Suites seat
approximately 2,500 guests which, in addition to private suites,
includes the Triple Crown Ballroom, Grand Foyer, Derby and Oaks
meeting rooms and the new Triple Crown Balcony and also serves as a
premium rentable space for special events throughout the year.
“The Jockey Club Suites are a core premium
hospitality product,” said Mike Anderson, President of Churchill
Downs. “This renovation project will ensure existing and future
suite holders are provided the entertainment experience Churchill
Downs is known for and our guests have come to expect for Kentucky
Derby Week and all other racing events.”
About Churchill Downs
Incorporated
Churchill Downs Incorporated (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
About Churchill Downs
Racetrack
Churchill Downs Racetrack (“CDRT”), the world’s
most legendary racetrack, has been the home of The Kentucky Derby,
the longest continually-held annual sporting event in the United
States, since 1875. Located in Louisville, CDRT features a series
of themed race days during Derby Week, including the Kentucky Oaks,
and conducts Thoroughbred horse racing during three race meets in
Spring, September and Fall. CDRT is located on 175 acres and has a
one-mile dirt track, a 7/8-mile turf track, a stabling area and
provides seating for approximately 60,000 guests. The saddling
paddock and the stable area has barns sufficient to accommodate
1,400 horses and a 114-room dormitory for backstretch personnel.
CDRT also has a year-round simulcast wagering facility.
www.ChurchillDowns.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,” 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, 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 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 general 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 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 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 including customers’
personal information could lead to government enforcement actions
or other litigations; 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: Philip Forbis(502) 394-1094Philip.Forbis@kyderby.com |
Media Contact:
Tonya Abeln (502) 386-1742 Tonya.Abeln@kyderby.com |
Churchill Downs (NASDAQ:CHDN)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Churchill Downs (NASDAQ:CHDN)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024