Churchill Downs Incorporated (CHDN) on weekend shared its stance on a Kentucky Supreme Court decision around use of Exacta system historical horse racing machines (“HRMs”) in Kentucky. In its statement, company remained stick to its stance of not using the Exacta system in any of its HRMs in any of its facility in Kentucky.
CDI will remain working within the legal framework and will work together with legislators in Kentucky to continue legal operations of its HRM facilities in Kentucky. This will help us continuously providing necessary financial support to equine industry as well as citizens to contribute towards the Commonwealth of Kentucky.
In its statement, company said that even though it is not involved in use of Exacta system at any of its HRM facilities in Kentucky, the company values Kentucky Governor Andy Beshear’s hold up of the industry.
Andy Beshear in his statement regarding Historical Horse Racing on the day said that it is an integral part of State’s economy as its not only creates jobs but also contributes more than $21 million towards its budget. The government is in contest with various stakeholders to find a way to advance further.
Previously in mid September, CDI reopened its simulcast and historical racing machine operations at Oak Grove Racing, Gaming & Hotel (“Oak Grove”) in Oak Grove, Kentucky, to the public on Friday, September 18, 2020. The company also announced the second phase of the Oak Grove plan of opening it in October 2020 including reopening of a 128-room hotel, amphitheater, a RV Park, and equestrian center.
CDI also shared the construction on the $200 million development project located off Interstate 24 Exit 86 near Clarksville, Tennessee that started in April 2019. Company’s Oak Grove development project has created nearly 800 construction related jobs. The project is likely to be creating roughly 400 full and part-time jobs.