Churchill Downs Incorporated Confirms 3-for-1 Stock Split Record Date of January 11, 2019
January 11 2019 - 4:45PM
As previously announced on October 31, 2018, the Board of Directors
of Churchill Downs Incorporated (“the Company”) (Nasdaq: CHDN)
approved a three-for-one split of the Company’s common stock (the
“Stock Split”) for shareholders of record as of January 11, 2019
(the “Split Record Date”). The Stock Split will be
effectuated by distributing to each shareholder two additional
shares for every outstanding share held as of the Split Record
Date. The additional shares will be distributed on January 25,
2019, and the stock will begin trading at the split-adjusted price
starting on January 28, 2019.
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 the largest
legal online account wagering platform for horseracing in the U.S.,
through our ownership of TwinSpires.com. We are also a leader in
brick-and-mortar casino gaming with approximately 9,500 gaming
positions in seven states. We have launched our BetAmerica
Sportsbook at our two Mississippi casino properties and have
announced plans to enter additional U.S. real money online gaming
and sports betting markets. Derby City Gaming, the first historical
racing machine (“HRM”) facility in Louisville, was opened in
September 2018 with 900 HRM machines. Additional information about
CDI can be found online at www.churchilldownsincorporated.com.
Information set forth in this presentation
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,” “should,” “would,” “estimate,” “may,” “project,” and
similar words, although some forward-looking statements are
expressed differently.
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. Such risks and uncertainties and
other factors include, but are not limited to: economic conditions
on discretionary spending; 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; catastrophic events and system failures disrupting our
operations; security breaches and other security risks related to
our technology, personal information, source code and other
proprietary information; and other risks and uncertainties
described in our reports on Form 10-K, Form 10-Q and Form 8-K filed
with the Securities and Exchange Commission. 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.
Contact: Nick Zangari(502)
394-1157Nick.Zangari@kyderby.com
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