Churchill Downs Incorporated Donates $25,000 to Orphan Care Alliance to Serve Kentucky’s Most Vulnerable Children
Harrodsburg, Ky. (October 12, 2019) – Today, Churchill Downs Incorporated (“CDI”) committed a $25,000 donation to Orphan Care Alliance (“OCA”), a nonprofit serving some of Kentucky’s and Southern Indiana’s most vulnerable children and families in the foster care and adoptive communities. First Lady Glenna Bevin joined CDI in Harrodsburg this afternoon during the presentation at OCA’s Fall Festival for adoptive and foster families.
“Churchill Downs upholds a strong tradition of corporate social responsibility and is committed to being a good community partner in Louisville and throughout the Commonwealth. We are grateful for the opportunity to support an organization like Orphan Care Alliance that is making such a significant impact in the lives of children and families across Kentucky,” said Bill Carstanjen, CEO of Churchill Downs Incorporated.
The donation will go toward OCA’s mentorship program, which connects children in and transitioning out of foster care with volunteer mentors. The newly formed program will not only match children and mentors, but supply the resources needed to facilitate those relationships. Children in foster care who have a consistent mentor are much more likely to find future success once they reach adulthood.
“Churchill Downs’ generosity will go a long way in building up and sustaining our long-term mentorship program,” said Darren Washausen, president and executive director of Orphan Care Alliance. “This donation will allow us even more opportunities to give children in our region the love, compassion and support they need and deserve.”
As a mother of nine and strong advocate for foster care and adoption, Kentucky First Lady Glenna Bevin has championed reforms to the Commonwealth’s foster care system and led both state and national initiatives to protect Kentucky’s most vulnerable.
“Every child needs a loving and stable home. Orphan Care Alliance specializes in teaching Kentuckians how to open their hearts and homes to the nearly 10,000 Kentucky children living in state foster care. This gift from Churchill Downs is certain to connect children in the Commonwealth to the Forever Family they so desperately want,” said First Lady Glenna Bevin.
Churchill Downs Incorporated is committed to positively impacting the many communities in which it operates. CDI’s annual corporate giving provides millions of dollars in financial and in-kind contributions to nonprofit entities that assist equine industry-related initiatives, public health and welfare programs and meaningful opportunities in the areas of art and education.
About Churchill Downs Incorporated
Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event – The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville, Kentucky. We also own and operate the largest online horse racing wagering platform in the U.S., TwinSpires.com, and we operate sports betting and iGaming through our BetAmerica platform in multiple states. We are also a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines and video lottery terminals and 200 table games in eight states. Additional information about CDI can be found online at www.churchilldownsincorporated.com.
Information set forth in this news release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward-looking statements made in this news release are made pursuant to the Act. 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; public perceptions or lack of confidence in the integrity of our business or any deterioration in our reputation; 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; online security risk, including cyber-security breaches; inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; increases in insurance costs and inability to obtain similar insurance coverage in the future; 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; costs and uncertainties relating to the development of new venues and expansion of existing facilities; risks associated with equity investments, strategic alliances and other third-party agreements; 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; payment-related risks, such as risk associated with fraudulent credit card and debit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; risks related to pending or future legal proceedings and other actions; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; work stoppages and labor issues; changes in consumer preferences with respect to Churchill Downs Racetrack and the Kentucky Derby; personal injury litigation related to injuries occurring at our racetracks; weather and other conditions affecting our ability to conduct live racing; the occurrence of extraordinary events, such as terrorist attacks and public health threats, including the ongoing impact of the novel coronavirus (COVID-19 virus); changes in the regulatory environment of our racing operations; increased competition in the horseracing business; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; our inability to utilize and provide totalizator services; changes in regulatory environment of our online horseracing business; number of people wagering on live horse races; increase in competition in our online horseracing; uncertainty and changes in the legal landscape relating to our online wagering business; continued legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization; inability to expand our sports betting operations and effectively compete; failure to manage risks associated with sports betting; failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment with respect to our mobile and online wagering products; increased competition in our casino business; changes in regulatory environment of our casino business; and concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; and inability to collect gaming receivables from the customers to whom we extend credit.
Press Contacts
Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management
Phone: (502) 394-1157
Email: [email protected]
