Churchill Downs Incorporated 2012 Second-Quarter Results Conference Call Invitation
July 27 2012 - 1:35PM
Churchill Downs Incorporated (Nasdaq:CHDN) will announce 2012
second-quarter business results on Monday, August 6, 2012, at 4:30
p.m. ET and host a related conference call to discuss the quarter
on Tuesday, August 7, 2012, at 9 a.m. ET.
Investors and other interested parties may listen to the
teleconference by accessing the online, real-time webcast and
broadcast of the call at
http://ir.churchilldownsincorporated.com/events.cfm or by dialing
(877) 372-0878 and entering the conference ID number 75239964 at
least 10 minutes before the appointed time. International callers
should dial (253) 237-1169. An online replay of the call will be
available at http://ir.churchilldownsincorporated.com/events.cfm by
noon ET on Tuesday, August 7.
A copy of the Churchill Downs Incorporated's news release
announcing quarterly results and relevant financial and statistical
information about the period will be accessible at
www.churchilldownsincorporated.com.
ABOUT CHURCHILL DOWNS INCORPORATED
Churchill Downs Incorporated ("CDI") (Nasdaq:CHDN),
headquartered in Louisville, Ky., owns and operates the
world-renowned Churchill Downs Racetrack, home of the Kentucky
Derby and Kentucky Oaks, as well as racetrack and casino operations
and a poker room in Miami Gardens, Fla.; racetrack, casino and
video poker operations in New Orleans, La.; racetrack operations in
Arlington Heights, Ill.; and a casino resort in Greenville, Miss.
CDI also owns the country's premier account-wagering company,
TwinSpires.com, and other advance-deposit wagering providers; the
totalisator company, United Tote; Bluff Media, an Atlanta-based
multimedia poker content, brand and publishing company; and a
collection of racing-related telecommunications and data companies.
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 Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The Private Securities Litigation Reform Act
of 1995 (the "Act") provides certain "safe harbor" provisions for
forward-looking statements. All forward-looking statements made in
this news release are made pursuant to the Act. The reader is
cautioned that such forward-looking statements are based on
information available at the time and/or management's good faith
belief with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in the statements.
Forward-looking statements speak only as of the date the statement
was made. We assume no obligation to update forward-looking
information to reflect actual results, changes in assumptions or
changes in other factors affecting forward-looking information.
Forward-looking statements are typically identified by the use of
terms such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "might," "plan," "predict," "project,"
"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 effect
of global economic conditions, including any disruptions in the
credit markets; a decrease in consumers' discretionary income; the
effect (including possible increases in the cost of doing business)
resulting from future war and terrorist activities or political
uncertainties; the overall economic environment; the impact of
increasing insurance costs; the impact of interest rate
fluctuations; the financial performance of our racing operations;
the impact of gaming competition (including lotteries, online
gaming and riverboat, cruise ship and land-based casinos) and other
sports and entertainment options in the markets in which we
operate; our ability to maintain racing and gaming licenses to
conduct our businesses; the impact of live racing day competition
with other Florida, Illinois and Louisiana racetracks within those
respective markets; the impact of higher purses and other
incentives in states that compete with our racetracks; costs
associated with our efforts in support of alternative gaming
initiatives; costs associated with customer relationship management
initiatives; a substantial change in law or regulations affecting
pari-mutuel and gaming activities; a substantial change in
allocation of live racing days; changes in Kentucky, Florida,
Illinois or Louisiana law or regulations that impact revenues or
costs of racing operations in those states; the presence of
wagering and gaming operations at other states' racetracks and
casinos near our operations; our continued ability to effectively
compete for the country's horses and trainers necessary to achieve
full field horse races; our continued ability to grow our share of
the interstate simulcast market and obtain the consents of
horsemen's groups to interstate simulcasting; our ability to enter
into agreements with other industry constituents for the purchase
and sale of racing content for wagering purposes; our ability to
execute our acquisition strategy and to complete or successfully
operate planned expansion projects; our ability to successfully
complete any divestiture transaction; market reaction to our
expansion projects; the inability of our totalisator company,
United Tote, to maintain its processes accurately or keep its
technology current; our accountability for environmental
contamination; the inability of our Online Business to prevent
security breaches within its online technologies; the loss of key
personnel; the impact of natural and other disasters on our
operations and our ability to obtain insurance recoveries in
respect of such losses (including losses related to business
interruption); our ability to integrate any businesses we acquire
into our existing operations, including our ability to maintain
revenues at historic levels and achieve anticipated cost savings;
the impact of wagering laws, including changes in laws or
enforcement of those laws by regulatory agencies; the outcome of
pending or threatened litigation; changes in our relationships with
horsemen's groups and their memberships; our ability to reach
agreement with horsemen's groups on future purse and other
agreements (including, without limiting, agreements on sharing of
revenues from gaming and advance deposit wagering); the effect of
claims of third parties to intellectual property rights; and the
volatility of our stock price.
CONTACT: Courtney Yopp Norris
(502) 636-4564
Courtney.Norris@kyderby.com
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