Churchill Downs Incorporated Partners with Scientific Games and Ainsworth on Advanced Historical Racing Machines
February 19 2020 - 07:00PM
Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) today announced
a partnership with Scientific Games Corporation (“Scientific
Games”) and Ainsworth Game Technology (“Ainsworth”) to introduce a
newly developed historical racing machine (“HRM”).
This newly engineered Scientific Games product, that has been
granted approval from the Kentucky Horse Racing Commission, will
operate on the Ainsworth proprietary HRM system. Scientific Games
will supply its most popular titles from player-favorite slot
series including 88 Fortunes, Tree of Wealth, Quick Hit, Lock It
Link and Ultimate Fire Link, among others. The games will be
showcased on their innovative and top-performing TwinStar family of
cabinet platforms, including the Wave XL, J43, TwinStar 24/24/,
TwinStar Slant and three-reel mechanical stepper.
CDI’s Derby City Gaming in Louisville, Kentucky, will be
unveiling the new cabinets in first quarter. CDI’s other HRM
facilities at Oak Grove, Turfway Park and Churchill Downs Racetrack
will also feature a full complement of these new cabinets when
these entertainment venues open.
“Scientific Games makes some of the best-performing games in the
industry and we are delighted to add their product to our HRM
properties,” said Austin Miller, Senior Vice President, Gaming
Operations for CDI. “Our guests will recognize the Scientific Games
themes and they will love the way the games play.”
“We have enjoyed a great partnership with the CDI team and are
excited to bring in Scientific Games to this unique partnership,”
added Ryan Comstock, Chief Operating Officer for Ainsworth. “The
addition of Scientific Games and platforms on our proprietary HRM
system will create an even more robust gaming mix for both of these
properties.”
“The team at Scientific Games is extremely excited to partner
with CDI and Ainsworth in this new venture,” said Robert Parente,
EVP and Chief Revenue Officer for Scientific Games. “Both companies
have been pioneers in opening up this burgeoning new segment of the
gaming market and we are honored they have chosen to work with us
in offering the very best in player experiences.”
About Churchill Downs Incorporated Churchill
Downs Incorporated ("CDI") (Nasdaq: CHDN), headquartered in
Louisville, Ky., 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. We also own and
operate the largest online horseracing wagering platform in the
U.S., TwinSpires.com, and are a leader in brick-and-mortar casino
gaming with approximately 11,000 slot machines / video lottery
terminals and 200 table games in eight states. We operate sports
wagering and iGaming through our BetAmerica platform in multiple
states. Additional information about CDI can be found online at
www.churchilldownsincorporated.com.
About Scientific Games Corporation Scientific
Games Corporation (NASDAQ: SGMS) is a world leader in gaming
entertainment offering the industry's broadest and most integrated
portfolio of game content, advanced systems, cutting-edge platforms
and professional services. The company is #1 in technology-based
gaming systems, digital real-money gaming and sports betting
platforms, casino table games and utility products and lottery
instant games, and a leading provider of games, systems and
services for casino, lottery and social gaming. Committed to
responsible gaming, Scientific Games delivers what customers
and players value most: trusted security, engaging entertainment
content, operating efficiencies and innovative technology. For more
information, please visit www.scientificgames.com.
About Ainsworth Game Technology Ainsworth Game
Technology is a premier manufacturer of global gaming products
committed to a culture of quality, innovation and excellence.
Ainsworth distributes a range of gaming products, entertaining
standalone progressives and linked games through its sales offices
and distributors in Australia, New Zealand, Asia, Americas, and
Europe. Ainsworth is an Australian publicly listed company (code:
AGI) headquartered in Newington, Sydney, Australia. For more
information, please visit www.agtslots.com.au.
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 presentation 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; 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; number of people attending and
wagering on live horse races; 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; work stoppages and labor issues;
difficulty in attracting a sufficient number of horses and trainers
for full field horseraces; inability to negotiate agreements with
industry constituents, including horsemen and other racetracks;
personal injury litigation related to injuries occurring at our
racetracks; our inability to utilize and provide totalisator
services; weather conditions affecting our ability to conduct live
racing; increased competition in the horseracing business; changes
in the regulatory environment of our racing operations; changes in
regulatory environment of our online horseracing business; 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 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; costs, delays, and other
uncertainties relating to the development and expansion of
casinos; and concentration and evolution of slot machine
manufacturing and other technology conditions that could impose
additional costs.
Investor Contact: Nick Zangari |
|
Media Contact: Tonya Abeln |
(502) 394-1157 |
|
(502) 386-1742 |
Nick.Zangari@kyderby.com |
|
Tonya.Abeln@kyderby.com |
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