I think we were very, very pleased with the path we're on towards improvement. A copy of this release announcing results and other financial and statistical information about the period to be presented in this conference call, including information required by Regulation G, is available at the section of the company's website titled, News, located at churchilldownsincorporated.com as well as in the website's Investors section. ui. f Za:Kx U/z-{H%fkfUEHp2|.[I(h8m Ky. May. WebMr. It's been quite a while for the people of Vigo County for this casino to get off the ground.". Great. After the company's prepared remarks, we will open the call for your questions. (WTHI) - If you've driven down Margaret Avenue in Terre Haute, you've probably seen crews working on the Queen of Terre Haut, Churchill Downs executives explained that there will be public parking along three sides of the building. Ryan Jordan, SeniorVice Presidentof Real Estate Development, told the Indiana Gaming Commission that the original plan called for a $240 million project, but based on other projects, they've updated that range to up to $260 million. However, Section I-D of the Consent Decree introduces significant ambiguity into the document. WebGeneral Counsel, Senior VP VP, Executive Legal, Management 1 email found 1 phone number found View contacts for Churchill Downs Incorporated to access new leads and connect with decision-makers. We were pleased with the performance of all of our segments, and our expectations remain high for the rest of the year. WebSeating Chart at the Kentucky Derby. WebPresident, Corporate & General Counsel Omar Amin is the President, Corporate, Chief Development Officer, and General Counsel at Palmetto responsible for the Companys So this is the fifth license that the city of Richmond has awarded the partnership. So more to come on that, but the market dynamics are -- we're the new guy in a developed market, and we have to convince the customers to try us and give us an opportunity to compete for their consumer dollar. 2004). Employees Int'l Union, Local 1199 v. Blackwell, 467 F.3d 999, 1009 (6th Cir. Executives say the broader area around the revised site off Exit 11 has been planned to accommodate further development. Disclaimer: Justia Annotations is a forum for attorneys to summarize, comment on, and analyze case law published on our site. Churchill Downs Location 600 N Hurstbourne Pkwy Ste 400, Louisville, Kentucky, 40222, United States So thank you, and we'll talk to you all soon. The stock split reflects their belief and ours and the long-term growth potential of our company. Other than as I disclosed in my prepared remarks, where we decided of our own volition that we could do better in Owensboro and select a better site that would serve us better long term. For the purposes of this action, two terms of the Consent Decree are of particular importance: For more than four years after the parties entered into the Consent Decree, Defendants continued to operate www.derbybox.com, a Web site that advertised itself as "The undisputed Derby Ticket and Derby Travel Package Specialist." So it's working fine. A city referendum is required for authorization to move forward with the project. The total cash Web10 General Counsel jobs available in Carwood, IN on Indeed.com. Code 9.46.0237. That's just a function of how Kentucky law works. Thank you for participating, and you may now disconnect. 502-636-4400. As Bill shared, we delivered record first quarter revenue and adjusted EBITDA. Week to week, we always look carefully to look at trends. When we decide that we want to and you'll see us buy shares back opportunistically in the future as well. Thanks, Bill, and good morning, everyone. The panel held that Big Fish Casino constituted illegal gambling under Washington law because its virtual chips were a "thing of value." Can you talk about maybe some of the puts and takes in that Northern Kentucky market? If you find the information on this site helpful, please share it- sharing is what has powered this consumer resource for over 15 years. There wasn't a fully accurate count of how many of these were, but I think it's fair to say there were several times the number of these of actual -- compared to actual HRM machines and license authorized facilities like the ones we run. But there's still a pretty healthy product map and road map for what we want to see happen in terms of HRM product on our floor and our manufacturers, I think, get the attractiveness of HRMs for their business model, the ability to sell us machines and make a return on our HRM floors. CIVIL ACTION NO. Bradley K. Blackwell, also known as Brad has been General Counsel and Senior Vice President at Churchill Downs Incorporated since March 01, 2017 and serves as its Secretary. I'll unpack that one at a time. We have positioned our company for strong growth for years to come with the ongoing investments in the Kentucky Derby, the acquisition of the P2E assets, including the existing operational properties and our Virginia growth projects, our Terra Haute project in Indiana, our Salem, New Hampshire HRM project and other Kentucky HRM projects and the pending acquisition of Exacta Systems, which will greatly improve our Virginia, New Hampshire and Kentucky capabilities, all of which we expect to drive a material increase in adjusted EBITDA and free cash flow in the coming years. We'll talk about that in more detail next quarter. We believe the B2B expansion related to our horseracing technology and related services will provide a further enhancement to our adjusted EBITDA and margins in the coming quarters. We do this in other markets. So we will follow the strategies we've followed in our other markets around our sports bars. We will save any material investment in the HRM portion of Ellis Park until we complete and then evaluate its HRM extension in Owensboro to ensure these properties complement each other and are as efficient as possible from a customer offering and operational perspective. I think if you see the margins we drive from these facilities and the locations of some of them with the competition of other types of gaming on -- in our surrounding borders. IT IS HEREBY ORDERED that Plaintiff's motion for contempt and motion for a temporary restraining order are DENIED. First, all of our HRM properties made strong contributions to our financial results in first quarter. Thanks, Phil. Current Wait: 4 mins (4m avg) Hours: 24 hours, 7 days; best time to call: 10:45am. We do this while maintaining one of the best balance sheets in the industry. Our 6 HRM properties are performing as we expected, and in some cases, are exceeding our expectations. Executives from Churchill Downs presented to the Indiana Gaming Commission on Tuesday. So this year, we're working towards authorization by the city to conduct the referendum. Under Section I-C of the Consent Decree, Defendants cannot use the Churchill Downs Marks in connection with the solicitation and sale of horse racing tickets. Fruition of the project is still something that's not measured in 2023 time frame or probably even 2024. x]{o@XF :Mtg0]\uinyI=,80-M2y>Glg';O^rlYdif3"SybLJ&7~)zL,ybKdysVyR % From that time until the April 5, 2007 letter, Defendants continued to use the Marks "Kentucky Derby" and "Churchill Downs" on the www.derbybox.com Web site. Yes, there can be challenges on material, but we're managing all those. In all, the PAC has raised $1.9 million total, mostly supported by the Concord Fund via $1.5 million in contributions. for Homeless and Serv. Last year, there was a 1-year delay in our ability to conduct a referendum in Richmond. !Hb$^\*$PH2J`SS8~7o\Rx?7:Rv2_n(Mg.W*wq[mBU;.gcoOH GetHuman provides free tools and information to consumers that allow them to share their customer experiences and tips with each other for how to contact companies faster and how to solve common problems. Code 9.46.0285s definition of a thing of value. The panel concluded that Big Fish Casino fell within Washingtons definition of an illegal gambling game. And that's a process that takes time in a competitive market. You don't bet all these other sports. LOUISVILLE, Ky. (Wednesday, March 1, 2017) Churchill Downs There was a casino opening there during the quarter and your margins were flat or really unimpacted kind of quarter-over-quarter. The law takes effect in the late summer. I just ask that you show a little patience and wait for the Triple Crown events that are happening in the second quarter where these folks can really do some marketing around. LOUISVILLE, Kentucky (PRESS RELEASE) -- Churchill Downs Incorporated (NASDAQ: '-3:(LQTiQR ]Si&LV[Y`g?=VtR\G(^T2t+@%99 So we're very excited to see the first real milestone of that, though, around the Kentucky Derby. So if you think about game titles, it's a process constantly of getting more game titles from the traditional Class III manufacturers converted to HRMs. DIG\ 8PMP8|&3WRb6MME$2-Hzu*(VQPU;Vp4Bh rL\;'J|ak+>_qW Np~lwA>WG7iuHu>{:NL:khHo@[7DTQ) .cRBE(7r $_ILnA/'s#.po_8a,u;Ferm+0)|cepk++%#R[q In summary, the first quarter was another great quarter for us with record financial results. We obviously have a lot going on right now with the Kentucky Derby and all of our growth projects. We bring the advantage of being the only gaming on our side of the Ohio River, but it is a very competitive developed market. By April 13, 2007, these negotiations had broken down and Churchill Downs filed this motion. These are the initial steps to unleash what we think would be a really fantastic project. At this point, we'd like to take any questions that you have for us. However, commission staff asked Churchill Downs to offer an update due to the importance of the change. Good morning, everyone. That includes Churchill Downs Inc.s massive donations to members of the legislature and other politicians, noted a statement from the company. 3:02CV-176-H (W.D. That's a really good series of questions. Churchill Downs Incorporated Promotes Brad Blackwell to Senior Vice President and General Counsel. It could mean that Defendant may not use Churchill Downs' Marks and Designs in any way except as permitted by law; that is, that fair use under trademark law would be allowed. Plaintiff Churchill Downs Incorporated ("Churchill Downs") has moved for an order of contempt and for a temporary restraining order against Defendants Doug Dearen and Thoroughbred Traditions, Inc. (collectively "Defendants"). A group tied to the industry, Louisvilles Churchill Downs in particular, spent $348,263 this legislative session to lobby for passage of House Bill 594, according to the Kentucky Legislative Ethics Commission. You can help! Thank you. She also has a certification in ICGIP Gaming Anti-Money Laundering Specialist. One of the most exciting developments will be the completion of the Paddock Project with breathtaking and unrestricted views of the TwinSpires, along with spectacular new seating and dining experiences. We are excited about these projects, and we'll share more details on our next earnings call.We will also discuss in more detail on the next call, our plans with respect to our 50-50 partnership with Urban One to pursue a full Class III casino in the city of Richmond, Virginia. With me today are several members of our team, including Bill Mudd, our President and Chief Operating Officer; Marcia Dall, our Chief Financial Officer; and Brad Blackwell, our General Counsel.

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