BetAmerica Launches Retail Sportsbook in Michigan at Island Resort & Casino

LOUISVILLE, Ky., Sept. 28, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or the "Company") CHDN announced today the grand opening of its BetAmerica Sportsbook at the Island Resort & Casino in Harris, Michigan. BetAmerica, the Company's sports betting and iGaming platform, partnered with Hannahville Indian Community to open the retail sportsbook in the Michigan market on Friday, September 25. BetAmerica plans to launch its online sportsbook and iGaming platform throughout the state of Michigan in the near future, subject to regulatory approvals.

The BetAmerica Sportsbook at Island Resort & Casino features 14 self-service betting terminals and 2 betting windows offering wagering opportunities on sports, including NFL, NBA, MLB, NHL and golf. Located 2 hours north of Green Bay, Wisconsin, the BetAmerica Sportsbook features 25 large-screen televisions and boasts the largest high definition video wall in the Upper Peninsula.

"We are excited that guests of the Island Resort & Casino will be able to enjoy a state-of-the-art sports wagering experience," said Bill Mudd, COO of CDI. "Sports fans in Michigan will be able to access the best in sports betting, including live in-play betting as well as engaging and unique promotions at our BetAmerica Sportsbook."

"We are thrilled to partner with BetAmerica to open the first sportsbook in Michigan's beautiful Upper Peninsula," said Kenneth Mesigaud, Hannahville Indian Community Tribal Chairperson for the Island Resort & Casino. "The BetAmerica Sportsbook is a fantastic addition to our gaming options and combined with our other entertainment opportunities — including two 18-hole championship golf courses — it provides another great reason for people to visit."

BetAmerica Sportsbooks are currently available in New Jersey, Pennsylvania, Indiana and Mississippi. Additional information can be found at www.betamerica.com.

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 also own and operate two pari-mutual gaming entertainment venues, Derby City Gaming and Oak Grove Racing, Gaming, and Hotel, in Kentucky. Our online wagering business owns and operates TwinSpires.com, the largest and most profitable online horse racing wagering platform in the U.S., and BetAmerica, an online sports betting and iGaming platform in the U.S. We are also a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines and video lottery terminals and 200 table games in eight states. Additional information about CDI can be found online at www.churchilldownsincorporated.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 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.