Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN)
announced today a four-year partnership that names Kendall-Jackson
and La Crema the Preferred Wines of the Kentucky Derby from 2021
through 2024.
Founder Jess Jackson started Kendall-Jackson in
the early 1980s and built upon his success to expand and acquire
other wineries, such as La Crema. The two sister wineries have been
leading the wine category in popularity year after year.
Kendall-Jackson has been the number one selling Chardonnay in
America since 1992. La Crema played a fundamental role in
propelling single-vineyard wines from cool-climate appellations and
was an integral part of the Sonoma Coast’s rise to winemaking fame
as one of the first wineries to craft Chardonnay and Pinot Noir
from the previously unfamiliar region.
The Jackson family’s storied legacy in
winemaking runs deep, but their endeavors in the elite horse racing
world are lesser known. Jackson ignited a life-long dream in 2005
when he and Barbara Banke, Chairman and Proprietor of Jackson
Family Wines, established Stonestreet Farm in Lexington, Kentucky,
where they have been named the leading North American commercial
breeder of Thoroughbred yearlings nine times.
“To have passionate leaders in the horse racing
community like Barbara Banke and the Jackson family support the
Kentucky Derby with Kendall-Jackson and La Crema, two of their most
prominent, critically-acclaimed wineries, just reinforces the
tradition of excellence to which we are committed here at Churchill
Downs,” said Mike Anderson, President of Churchill Downs
Racetrack.
“Our winemaking reputation is built on a vision
that through a commitment to excellence, hard work, and integrity,
you can accomplish great things,” said Barbara Banke. “Not only do
we embrace these ideals as the backbone of our 40-year wine
business, but also our approach to Thoroughbred horse racing. To
bring two of our greatest passions together on the global stage at
the Kentucky Derby is monumental for us, and we couldn’t be happier
to be partners with Churchill Downs.”
As part of the 2021 sponsorship, Kendall-Jackson
and La Crema will be poured at all Churchill Downs Racetrack events
and highlighted in a variety of activations as the Preferred Wines
of the Kentucky Derby.
About Churchill Downs
Incorporated
Churchill Downs Incorporated is an
industry-leading racing, online wagering and gaming entertainment
company anchored by our iconic flagship event, the Kentucky Derby.
We own and operate three pari-mutuel gaming entertainment venues
with approximately 3,050 historical racing machines in Kentucky. We
also own and operate TwinSpires, one of the largest and most
profitable online wagering platforms for horse racing, sports and
iGaming in the U.S. and we have seven retail sportsbooks. We are
also a leader in brick-and-mortar casino gaming in eight states
with approximately 11,000 slot machines and video lottery terminals
and 200 table games. Additional information about CDI can be found
online at www.churchilldownsincorporated.com.
About Kendall-Jackson
Kendall-Jackson is one of America’s most beloved
family-owned and operated wineries. The winery’s flagship wine, the
Vintner’s Reserve Chardonnay, has been America’s favorite
Chardonnay for over 29 years. Founded by entrepreneur and visionary
Jess Jackson in 1982, and now led by his wife Barbara Banke and the
Jackson family, Kendall-Jackson is based in Sonoma County and
offers a range of acclaimed wines grown on the family’s estate
vineyards along the coastal ridges of California. Kendall-Jackson
is the benchmark for sustainable wine endeavors, setting the
precedent for advancement in solar, water, and vineyard practices.
Wine Enthusiast Magazine recently named Kendall-Jackson the 2017
American Winery of the Year, one of the wine industry’s most
distinguished accolades. Recognized as a leader in the industry for
more than three decades, Kendall-Jackson has built a reputation
centered around consistent, high-quality wines that are available
nationwide in national grocery stores, boutique wine retailers, and
restaurants. Learn more online at www.kj.com, and follow
Kendall-Jackson on Facebook, Twitter, or Instagram.
About La Crema
Beloved artisan winery La Crema was founded in
1979 as La Crema Viñera, meaning “Best of the Vine.” For 40 years,
the family-owned and operated winery has focused exclusively on
cool-climate coastal appellations, where ocean winds and fog allow
grapes to ripen slowly on the vine. Winemaker Craig McAllister
continues to use boutique, time-intensive techniques to produce
distinctively balanced and elegant wines. La Crema combines
consistent high quality and elegant flavor with a modern,
cosmopolitan personality. For more information, visit
www.LaCrema.com, and follow La Crema on Facebook, Twitter, and
Instagram.
Certain statements made in this news release
contain various “forward-looking statements” within the meaning of
the “safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. 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
or similar expressions (or negative versions of such words or
expressions).
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, among others, that may affect actual results or
outcomes include the following: the impact of the novel coronavirus
(COVID-19) pandemic and related economic matters on our results of
operations, financial conditions and prospects; 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 or any deterioration in our reputation; 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; costs and uncertainties relating to the
development of new venues and expansion of existing facilities;
risks associated with equity investments, strategic alliances and
other third-party agreements; 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; risks related to pending or future
legal proceedings and other actions; inability to negotiate
agreements with industry constituents, including horsemen and other
racetracks; work stoppages and labor issues; changes in consumer
preferences, attendance, wagering and sponsorship with respect to
Churchill Downs Racetrack and the Kentucky Derby; personal injury
litigation related to injuries occurring at our racetracks; weather
and other conditions affecting our ability to conduct live racing;
the occurrence of extraordinary events, such as terrorist attacks
and public health threats; changes in the regulatory environment of
our racing operations; increased competition in the horse racing
business; difficulty in attracting a sufficient number of horses
and trainers for full field horse races; our inability to utilize
and provide totalizator services; changes in regulatory environment
of our online horse wagering business; A reduction in the number of
people wagering on live horse races; increase in competition in our
online horse racing wagering business; uncertainty and changes in
the legal landscape relating to our online horse racing 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 manage risks
associated with sports betting; 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;
concentration and evolution of slot machine manufacturing and other
technology conditions that could impose additional costs; and
inability to collect gaming receivables from the customers to whom
we extend credit.
We do not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
Investor
Contact: Nick Zangari |
Media Contact:
Tonya Abeln |
(502) 394-1157 |
(502) 386-1742 |
Nick.Zangari@KyDerby.com |
Tonya.Abeln@KyDerby.com |
Churchill Downs (NASDAQ:CHDN)
Historical Stock Chart
From Feb 2024 to Mar 2024
Churchill Downs (NASDAQ:CHDN)
Historical Stock Chart
From Mar 2023 to Mar 2024