Churchill Downs Incorporated Rebrands BetAmerica Sportsbook and iGaming Platform to TwinSpires Nasdaq:CHDN

LOUISVILLE, Ky., Jan. 05, 2021 (GLOBE NEWSWIRE) — Churchill Downs Included (“CDI” or “Firm”) (Nasdaq: CHDN) introduced right now it can transfer to a single model technique for its on-line wagering section by rebranding the Firm’s sportsbook and iGaming platform as TwinSpires.

The model transition from BetAmerica to TwinSpires will start with CDI’s on-line sportsbook and iGaming launch in Michigan later this month, pending closing regulatory approval. BetAmerica retail and on-line sportsbooks working in Colorado, Indiana, Michigan, Mississippi, New Jersey, and Pennsylvania may also transition to the TwinSpires model through the first half of this 12 months.

The TwinSpires model has been utilized by CDI’s on-line pari-mutuel wagering enterprise since 2007. TwinSpires is well known inside the on-line betting world for its entry to premier world-wide horse racing content material, practically 150 years of wagering historical past for handicapping races and distinctive buyer experiences on the Kentucky Derby. TwinSpires gamers will proceed to take pleasure in the identical internally-developed, industry-leading know-how platform for horse racing wagering and distinctive customer support to which they’ve develop into accustomed. For on-line sports activities betting and iGaming, prospects will expertise a brand new know-how platform powered by GAN Restricted and Kambi Group PLC.

“Our TwinSpires model has constantly delivered over 13 years and is related to greater than a century of wagering expertise. That historical past and heritage gives a novel level of distinction in a aggressive house,” stated Invoice Mudd, President and Chief Working Officer of CDI. “We stay centered on constructing a worthwhile sports activities betting and iGaming enterprise that gives our prospects with an built-in expertise alongside our horse racing wagering platform. The transition to TwinSpires not solely generates advertising and marketing efficiencies, but in addition permits us to ship a extra full total expertise to our rising on-line wagering buyer base.”

About Churchill Downs Included

Churchill Downs Included is an industry-leading racing, on-line wagering and gaming leisure firm anchored by our iconic flagship occasion, the Kentucky Derby. We personal and function three pari-mutuel gaming leisure venues in Kentucky: Derby Metropolis Gaming; Oak Grove Racing, Gaming, and Resort; and Newport Racing and Gaming. We additionally personal and function TwinSpires, one of many largest and most worthwhile on-line horse race wagering, on-line sportsbook and iGaming platforms within the U.S. We’re a frontrunner in brick-and-mortar on line casino gaming with roughly 11,000 slot machines and video lottery terminals and 200 desk video games in eight states. Further details about CDI will be discovered on-line at www.churchilldownsincorporated.com.

Sure statements made on this information launch comprise numerous “forward-looking statements” inside the that means of the “secure harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements are usually recognized by way of phrases resembling “anticipate,” “imagine,” “may,” “estimate,” “anticipate,” “intend,” “could,” “may,” “plan,” “predict,” “mission,” “search,” “ought to,” “will,” and comparable phrases or comparable expressions (or detrimental variations of such phrases or expressions).

Though we imagine that the expectations mirrored in such forward-looking statements are cheap, we can provide no assurance that such expectations will show to be right. Necessary elements, amongst others, which will have an effect on precise outcomes or outcomes embody the next: the affect of the novel coronavirus (COVID-19) pandemic and associated financial issues on our outcomes of operations, monetary situations and prospects; the impact of financial situations on our customers’ confidence and discretionary spending or our entry to credit score; further or elevated taxes and charges; public perceptions or insecurity within the integrity of our enterprise or any deterioration in our fame; lack of key or extremely expert personnel; restrictions in our debt amenities limiting our flexibility to function our enterprise; basic dangers associated to actual property possession, together with fluctuations in market values and environmental laws; catastrophic occasions and system failures disrupting our operations; on-line safety danger, together with cyber-security breaches; incapability to get better below our insurance coverage insurance policies for damages sustained at our properties within the occasion of inclement climate and casualty occasions; will increase in insurance coverage prices and incapability to acquire comparable insurance coverage protection sooner or later; incapability to determine and full acquisition, enlargement or divestiture initiatives, on time, on funds or as deliberate; issue in integrating latest or future acquisitions into our operations; prices and uncertainties referring to the event of latest venues and enlargement of present amenities; dangers related to fairness investments, strategic alliances and different third-party agreements; incapability to answer fast technological adjustments in a well timed method; inadvertent infringement of the mental property of others; incapability to guard our personal mental property rights; payment-related dangers, resembling danger related to fraudulent bank card and debit card use; compliance with the Overseas Corrupt Practices Act or relevant money-laundering laws; dangers associated to pending or future authorized proceedings and different actions; incapability to barter agreements with {industry} constituents, together with horsemen and different racetracks; work stoppages and labor points; adjustments in client preferences, attendance, wagering and sponsorship with respect to Churchill Downs Racetrack and the Kentucky Derby; private harm litigation associated to accidents occurring at our racetracks; climate and different situations affecting our means to conduct dwell racing; the prevalence of extraordinary occasions, resembling terrorist assaults and public well being threats; adjustments within the regulatory setting of our racing operations; elevated competitors within the horse racing enterprise; issue in attracting a enough variety of horses and trainers for full discipline horse races; our incapability to make the most of and supply totalizator companies; adjustments in regulatory setting of our on-line horse wagering enterprise; a discount within the variety of individuals wagering on dwell horse races; enhance in competitors in our on-line horse racing wagering enterprise; uncertainty and adjustments within the authorized panorama referring to our on-line horse racing wagering enterprise; continued legalization of on-line sports activities betting and iGaming in the USA and our means to foretell and capitalize on any such legalization; incapability to develop our sports activities betting operations and successfully compete; failure to handle dangers related to sports activities betting; failure to adjust to legal guidelines requiring us to dam entry to sure people may lead to penalties or impairment with respect to our cell and on-line wagering merchandise; elevated competitors in our on line casino enterprise; adjustments in regulatory setting of our on line casino enterprise; focus and evolution of slot machine manufacturing and different know-how situations that might impose further prices; and incapability to gather gaming receivables from the shoppers to whom we prolong credit score.

We don’t undertake any obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by regulation.