Malathaat Captures the Lilies in the 147th Running of the Longines Kentucky Oaks
April 30 2021 - 8:48PM
Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq:
CHDN) announced today that the 147th running of the $1.25 million
Longines Kentucky Oaks (Grade I) at Churchill Downs Racetrack
(“Churchill Downs”) saw Malathaat capture the Lilies in a field of
13 under sunny skies and fast track conditions in front of 41,472
spectators spread across the expansive and spacious grounds of the
racetrack.
Wagering from all-sources on the full Kentucky
Oaks race card totaled $54.3 million up 76% compared to the 2020
Kentucky Oaks. All-sources wagering on the Kentucky Oaks race was
$17.4 million up 74% from last year’s Kentucky Oaks race.
Malathaat, owned by Shadwell Stable and bred in
Kentucky by Stonestreet Thoroughbred Holdings LLC, rallied from a
stalking position and held off a determined filly, Search Results,
to win the Longines Kentucky Oaks by a neck at odds of 5-2 in a
final time of 1.48.99. This win marks the 4th Kentucky Oaks
victory for trainer Todd Pletcher and the 2nd for jockey John
Velazquez. Malathaat is a daughter of Curlin out of Dreaming of
Julia and now has lifetime earnings of over $1.2 million.
“Today we celebrate Malathaat and
her connections, but also the fans who joined us to enjoy this
beautiful day of racing,” said Churchill Downs President Mike
Anderson. “The success of the 147th Kentucky Oaks is a tribute to
the team at Churchill Downs, our community partners, sponsors and
participants who worked tirelessly to ensure that we could safely
and responsibly welcome back the fans that are an essential part of
this great tradition.”
CDI continued the tradition of using Oaks day as a
platform for the Company’s charitable initiatives. This year’s
virtual Kentucky Oaks Survivors Parade presented by Kroger with
supporting partner Ford, honored survivors of breast and ovarian
cancer along with honorees who are actively receiving treatment
with a moving video montage accompanied by a live performance by
vocalist Shea Leparoux, wife of seven time Breeders Cup
Championship jockey Julien Leparoux. The tribute was concluded with
an honorary lap around the racetrack by the Norton Healthcare
Mobile Prevention Unit. CDI has contributed over $1 million to
charitable partnerships dedicated to the early detection and
prevention of breast and ovarian cancer. The five-year charitable
partnership with Louisville-based Norton Healthcare extended this
year to also celebrate Norton employees who volunteered to staff a
public vaccine clinic at Churchill Downs in late March and early
April.
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 Churchill Downs
Racetrack
Churchill Downs Racetrack (“Churchill Downs”),
the world’s most legendary racetrack, has been the home of The
Kentucky Derby, the longest continually held annual sporting event
in the United States, since 1875. Located in Louisville, Churchill
Downs features a series of themed race days during Derby Week,
including the Kentucky Oaks, and conducts Thoroughbred horse racing
during three race meets in the Spring, September, and the Fall.
Churchill Downs is located on 175 acres and has a one-mile dirt
track, a 7/8-mile turf track, a stabling area, and provides seating
for approximately 60,000 guests. The saddling paddock and the
stable area has barns sufficient to accommodate 1,400 horses and a
114-room dormitory for backstretch personnel. Churchill Downs also
has a year-round simulcast wagering facility.
www.ChurchillDowns.com.
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 materially 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
occurrence of extraordinary events, such as terrorist attacks,
public health threats, civil unrest, and inclement weather; the
effect of economic conditions on our consumers’ confidence and
discretionary spending or our access to credit; additional or
increased taxes and fees; the impact of significant competition,
and the expectation the competition levels will increase; changes
in consumer preferences, attendance, wagering, and sponsorships;
loss of key or highly skilled personnel; lack of confidence in the
integrity of our core businesses or any deterioration in our
reputation; risks associated with equity investments, strategic
alliances and other third-party agreements; inability to respond to
rapid technological changes in a timely manner; concentration and
evolution of slot machine manufacturing and other technology
conditions that could impose additional costs; inability to
negotiate agreements with industry constituents, including horsemen
and other racetracks; inability to successfully expand our
TwinSpires Sports and Casino business and effectively compete;
inability to identify and complete expansion, acquisition 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; general risks related to real
estate ownership and significant expenditures, including
fluctuations in market values and environmental regulations;
reliance on our technology services and catastrophic events and
system failures disrupting our operations; online security risk,
including cyber-security breaches, or loss or misuse of our stored
information as a result of a breach, including customers’ personal
information, could lead to government enforcement actions or other
litigation; personal injury litigation related to injuries
occurring at our racetracks; compliance with the Foreign Corrupt
Practices Act or applicable money-laundering regulations;
payment-related risks, such as risk associated with fraudulent
credit card and debit card use; work stoppages and labor issues;
risks related to pending or future legal proceedings and other
actions; highly regulated operations and changes in the regulatory
environment could adversely affect our business; restrictions in
our debt facilities limiting our flexibility to operate our
business; failure to comply with the financial ratios and other
covenants in our debt facilities and other indebtedness; and
increase in our insurance costs, or obtain similar insurance
coverage in the future, and inability to recover under our
insurance policies for damages sustained at our properties in the
event of inclement weather and casualty events.
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 |
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