Churchill Downs Incorporated Breaks Ground on Terre Haute Casino Resort

Mike Rich Named General Manager

LOUISVILLE, KY., (June 22, 2022) – Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) broke ground today on Terre Haute Casino Resort (“Terre Haute” or the “Development”). The $260 million investment will include a 400,000-square-foot Development located on approximately 49 acres on East Margaret Drive just west of State Road 46 in Terre Haute, Indiana.

Speakers at today’s ceremony included Senator Jon Ford; The Honorable Duke Bennett, Mayor of Terre Haute, Indiana; Vigo County Commissioner Chris Switzer, Phil Kenney, President of Wilhelm Construction; and Bill Carstanjen, CEO of CDI.

Mike Rich was introduced to the crowd as the General Manager of Terre Haute. Rich brings a strong background in operations management, product development and strategic planning having previously served as the Senior Vice President and General Manager for Indiana Grand Racing & Casino in Shelbyville, Indiana. His 20 years of gaming experience includes work for Caesars Entertainment and Harrah’s in multiple jurisdictions. Rich holds a bachelor of science in accounting from Indiana University and a Master of Business Administration from The Ohio State University.

The Indiana Gaming Commission selected CDI’s application for a casino owner’s license in Vigo, County, Indiana, in November 2021. The Company’s planned Development, scheduled to open in late 2023, will feature 1,000 slot machines, 50 table games, a 125-room luxury hotel, a state-of-the-art TwinSpires Sportsbook and several food & beverage offerings. The concepts and design features for Terre Haute will reflect the unique heritage of Vigo County and the surrounding region. The development is expected to generate 1,000 construction jobs and 500 full and part-time jobs.

“We are very focused as a company on economic development, health and wellness, tourism, infrastructure and quality of life as well as talent,” said Carstanjen. “We realize that you have entrusted us with being a member of your community with this project. We will prioritize the residents, vendors and suppliers of the west central region and intend to recruit team members and contractors from this area and this community.”