Churchill Downs Included declares definitive settlement

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LOUISVILEY, Ky., March 22, 2022 (Globe Newswire) — Churchill Downs Included (“CDI” or “the Firm”) (Nasdaq: CHDN) at present introduced that it has introduced a definitive settlement to accumulate Chaser Poker Room in Salem. Settlement is signed, New Hampshire (“Chasers”).

Chaser is a charitable gaming facility positioned roughly half-hour from downtown Boston that provides poker and a wide range of desk video games. Since opening in 2017, Chasers has led all New Hampshire charitable gaming operators in each gaming income and native charitable contributions.

In 2021, New Hampshire approved present charitable gaming operators to supply historic horse racing at licensed services. Following the conclusion of the acquisition, CDI plans to develop an expanded charitable gaming facility in Salem to accommodate Historic Racing Machines (“HRM”).

“New Hampshire is an thrilling alternative for us, which permits us to increase our historic racing machine experience to work within the rising New England market,” stated CDI Chief Government Officer Invoice Carstengen. “We sit up for sharing extra about our plans to construct an expanded, state-of-the-art gaming facility in Salem within the coming months.”

Upon closure, New Hampshire would be the fourth state during which the CDI operates historic horse racing. CDI at present operates HRM in Kentucky and can function HRM in Virginia (together with the closing of its pending acquisition of Peninsula Pacific Leisure, together with its affiliated Rosie’s Gaming Emporium HRM services) and in Louisiana (HRM growth throughout the corporate’s 14 present off-track Upon completion of the betting facility).

Below New Hampshire regulation, a portion of income from charitable gaming operations is allotted to non-profit organizations licensed within the state.

The transaction is topic to regular and customary closing phrases, which embrace acquiring approval from the New Hampshire Lottery Fee for the Firm. The transaction is anticipated to shut throughout the second quarter of 2022.

About Churchill Downs Included

Churchill Downs Included is an industry-leading racing, on-line betting and gaming leisure firm powered by our prestigious flagship occasion, the Kentucky Derby. We personal and function three Parry-Mutual Gaming leisure venues in Kentucky with roughly 3,050 historic racing machines. We personal and function Twinspires, one of many largest and most worthwhile on-line betting platforms for horse racing within the US, and we personal 9 retail sportsbooks. We’re additionally a frontrunner in brick-and-mortar on line casino gaming with roughly 11,000 slot machines and video lottery terminals in 9 states and 200 desk video games. Extra details about Churchill Downs Included could be discovered on-line at www.churchilldownsinCorpored.com.

This information launch comprises varied “forward-looking statements” throughout the which means of the “secure harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements are usually recognized by way of phrases similar to “count on,”. imagine,” “may,” “estimate,” “count on,” “intent,” “would possibly,” “would possibly,” “plan,” “predict,” “undertaking,” “uncover,” ” ought to,” “would,” and comparable phrases or comparable expressions (or destructive variations of such phrases or expressions).

Though we imagine that the expectations mirrored in such forward-looking statements are cheap, we can’t warrant that such expectations will show to be correct. Essential elements, amongst others, that would materially have an effect on precise outcomes or outcomes embrace the next: receipt of regulatory approval on desired or anticipated phrases, unexpected difficulties or bills associated to the proposed transaction, together with, with out limitation, Failure to understand the synergy, effectivity and price financial savings anticipated from the proposed transaction throughout the anticipated time interval (if in any respect) ensuing from difficulties, our capability to acquire financing on anticipated phrases and on time, disruption of our or P2E’s present plans , operations and relationships with clients and suppliers, our and P2E’s capability to conclude a sell-lease-return transaction in relation to Exhausting Rock Sioux Metropolis on the phrases desired or anticipated, pending the announcement and announcement of the proposed transaction, Monetary state of affairs and prospects, together with the affect of the novel coronavirus (COVID-19) pandemic, differing strains on our outcomes of the opera, and the emergence of associated financial issues; the prevalence of extraordinary occasions, similar to terrorist assaults, public well being hazards, civil unrest, and inclement climate; the affect of financial situations on the boldness of our customers and our entry to discretionary spending or credit score; extra or elevated taxes and costs; the affect of great competitors, and is anticipated to extend the extent of competitors; Adjustments in shopper preferences, attendance, betting and sponsorships; lack of key or extremely expert personnel; insecurity within the integrity of our core companies or any deterioration in our repute; dangers related to fairness investments, strategic alliances and different third social gathering agreements; Incapacity to reply to speedy technological adjustments in a well timed method; Focus and improvement of slot machine and HRM manufacturing and different expertise conditions which will incur extra prices; Incapacity to barter agreements with {industry} constituents, together with equestrians and different racetracks; incapacity to efficiently broaden our Twinspire Sports activities & On line casino enterprise and compete successfully; Incapacity to establish and full growth, acquisition or disinvestment initiatives on time, on price range or as deliberate; Problem integrating latest or future acquisitions into our operations; incapacity to establish and/or full acquisitions, disinvestments, improvement of latest areas or expansions of present services on time, on price range, or as deliberate; Common dangers associated to actual property possession and vital bills, together with fluctuations in market values ​​and environmental rules; reliance on our expertise providers and catastrophic occasions and system failures that intrude with our operations; On-line safety dangers, together with cyber safety breaches, or loss or misuse of our saved data on account of a breach, which incorporates private data of shoppers, may result in authorities enforcement motion or different litigation; private harm litigation associated to accidents that happen at our racetracks; Compliance with the International Corrupt Practices Act or relevant cash laundering rules; fee dangers, similar to these related to fraudulent bank card and debit card use; stoppage of labor and labor points; dangers associated to pending or future authorized proceedings and different proceedings; Extremely regulated operations and adjustments within the regulatory surroundings might adversely have an effect on our enterprise; Restrictions in our credit score services restrict our flexibility to conduct our enterprise; failure to adjust to monetary ratios and different agreements in our credit score services and different indebtedness; and a rise in our insurance coverage prices, or acquiring comparable insurance coverage protection sooner or later, and the lack to get well below our insurance coverage insurance policies for damages induced to our properties within the occasion of inclement climate and casualty occasions.

We undertake no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by regulation.

Investor Contact: Nick Zangari
(502) 394-1157
Nick.Zangari@KyDerby.com
Media Contact: Tonya Abelen
(502) 386-1742
Tonya.abelon@KyDerby.com

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