Churchill Downs Supports Tornado Relief Efforts with $50,000 Donation from Kentucky and Ohio Properties
LOUISVILLE, KY., (December 15, 2021) – Churchill Downs Incorporated joined community partner Kroger, ESPN 680 Louisville and Louisville, Kentucky-based Phocus to support vital relief and recovery efforts following devastating tornados in Kentucky. CDI donated $50,000 to the Mayfield Graves County Tornado Relief Fund on behalf of its Kentucky properties which include Churchill Downs Racetrack, Derby City Gaming, Turfway Racing & Gaming, Newport Racing & Gaming and Oak Grove Racing, Gaming & Hotel located in the western part of the state. Miami Valley Gaming, CDI’s jointly-owned property with Delaware North located in Lebanon, Ohio, joined the efforts with a financial contribution to support their Kentucky neighbors.
The Mayfield Graves County Tornado Relief Fund was established through Independence Bank and the Muhlenberg County Long Term Disaster Relief Fund. On Wednesday, December 15, ESPN 680 Louisville will be at Kroger Stony Brook (9080 Taylorsville Rd, Louisville, KY 40299) from 7 a.m. to 6 p.m. for a live broadcast event where they will be collecting monetary donations for families, first responders and communities affected by the disaster.
“Kentucky is known is for its unbridled spirit,” said Tonya Abeln, president of Churchill Downs Incorporated Foundation. “At Churchill Downs, we couldn’t do what we do without the strength of Kentucky behind us. We know the sun will shine bright on our old Kentucky home again, but there are some dark days ahead as we try to rebuild all that has been lost. Today, we send support and love to our fellow Kentuckians who have suffered so greatly at the indiscriminate hands of this natural disaster.”
You can join Churchill Downs’ efforts to support Kentucky tornado disaster relief and recovery by donating to the Churchill Downs Foundation at the following link. Churchill Downs will donate 100% of the money donated to its Foundation through the end of 2021 to the Mayfield Graves County Tornado Relief Fund.
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, among others, that may materially affect actual results or outcomes include the following: 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; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; 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 manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition 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; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; 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 litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; 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; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.
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.
