Churchill Downs Incorporated Announces Temporary Suspension or Modification of Operations at Certain Properties
The following actions have been or will be taken:
Miami Valley Gamingin Lebanon, Ohiotemporarily suspended operations effective March 14, 2020, while live racing without fans will continue at Miami Valley Raceway. Rivers Casino Des Plainesin Des Plaines, Illinoistemporarily suspended operations starting March 15, 2020.
- Derby City Gaming in
Louisville, Kentuckytemporarily suspended operations at 11:59 p.m. ETon March 15, 2020. Churchill Downs Racetracksimulcast operations in Louisville, Kentuckytemporarily suspended operations at 11:59 p.m. ETon March 15, 2020. Ocean Downs Casinoin Berlin, Marylandtemporarily suspended operations at 11:59 p.m. ETon March 15, 2020. Calder Casinoin Miami Gardens, Floridatemporarily suspended operations at 12:00 p.m. ETon March 16, 2020. Oxford Casinoin Oxford, Mainetemporarily suspended operations at 12:00 p.m. ETon March 16, 2020.
- Fair Grounds Slots in
New Orleans, Louisianatemporarily suspended operations at 12:00 p.m. CTon March 16, 2020.
- Lady Luck Nemacolin in
Farmington, Pennsylvaniawill temporarily suspend operations at 8:00 p.m. ETon March 16, 2020.
- Arlington Park’s network of off track betting facilities in
Illinoiswill temporarily suspend operations by 8:00 p.m. CTon March 16, 2020.
- Fair Grounds’ network of off track betting and video poker facilities in and around
New Orleans, Louisianawill temporarily suspend operations at 11:59 p.m. ETon March 16, 2020. Presque Isle Casinoin Erie, Pennsylvaniawill temporarily suspend operations at 11:59 p.m. ETon March 16, 2020.
CDI previously announced that
“From the onset of these unprecedented circumstances surrounding the coronavirus pandemic, the team at
“As the situation evolved rapidly, we made all necessary operational adjustments to provide the safest experience and environment for our guests and employees. The most recent developments have led us to make some very difficult, but we believe necessary, decisions.
We are committed to doing our part to protect the communities in which we operate to address this global pandemic. That commitment extends to our employees to whom we are monumentally grateful for their efforts on behalf of our company and our guests during these uncertain times. We will reopen these operations when authorities determine it is appropriate to do so and we look forward to that time.”
There have been no known cases of COVID-19 at any of these properties and all CDI properties have been and will continue to work closely and cooperatively with the state and local authorities in each state where we operate. CDI will continue to closely monitor the developments related to COVID-19.
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 news release 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 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 with respect to
Source: Churchill Downs Incorporated