Churchill Downs Incorporated Completes Acquisition of Minority Stake in Saratoga Casino Black Hawk
November 21 2016 - 4:30PM
Churchill Downs Incorporated (NASDAQ:CHDN) (“CDI”), Saratoga
Harness Racing, Inc. (“SHRI”) and Saratoga Casino Holdings, LLC
(“SCH”) have completed their previously-announced transaction
whereby CDI has acquired 25 percent ownership of SHRI’s controlling
interest in Saratoga Casino Black Hawk in Black Hawk, Colo.
Following approval of the transaction by the Colorado Division of
Gaming, SHRI contributed its controlling interest in Saratoga
Casino Black Hawk to SCH, which was formed by CDI and SHRI in
conjunction with CDI’s 2015 acquisition of a 25 percent interest in
SHRI’s New York assets.
About Saratoga Casino Black Hawk
Located in the historic town of Black Hawk, Colorado, Saratoga
Casino Black Hawk is the newest game in town and the place to play
the latest slots and exciting table games! If you come with a party
or are ready to join one, Saratoga Casino Black Hawk has you
covered! Further information can be found at
www.saratogacasinobh.com.
About Churchill Downs Incorporated
Churchill Downs Incorporated, (CDI) (NASDAQ:CHDN), headquartered
in Louisville, Ky., is an industry-leading racing, gaming and
online entertainment company anchored by our iconic flagship event
- The Kentucky Derby. We are a leader in brick-and mortar
casino gaming with gaming positions in six states, and we are the
largest legal online account wagering platform for horseracing in
the U.S., through our ownership of TwinSpires.com. We are also one
of the world's largest producers and distributors of mobile games
through Big Fish Games, Inc. Additional information about CDI can
be found online at www.churchilldownsincorporated.com.
About Saratoga Casino Holdings LLC
Saratoga Casino Holdings LLC is the parent company of Saratoga
Casino Hotel, located in historic Saratoga Springs, New York.
Saratoga Casino Hotel is the place for over 1,700 exciting slots
and electronic table games. Together with live harness racing,
simulcast wagering, delicious dining, live entertainment and a
117-room hotel all under one roof, it’s the premiere destination
for a good time in the Capital Region. SCH operates gaming, racing
and entertainment venues including Saratoga Casino Black Hawk in
Colorado and the Gideon Putnam Hotel and Resort in Saratoga
Springs, N.Y. Further information can be found at
www.saratogacasino.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 press 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,” “seek,” “should,” “will,” and similar
words, although some forward-looking statements are expressed
differently.
Contact: Lauren DePaso
(502) 636-4506
Lauren.DePaso@kyderby.com
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