FAIR GROUNDS RENEWS EFFORTS WITH COVENANT HOUSE TO SUPPORT KIDS IN LOCAL COMMUNITY

NEW ORLEANS (November 30, 2019) – Following successful efforts to give back to the community during last year’s live racing season, Fair Grounds Race Course & Slots once again partnered with the Covenant House program. On Wednesday, November 27 President of Fair Grounds Doug Shipley was on hand to deliver 25 fried turkeys, as well as the traditional fixin’s for the residents at Covenant House.

“We are proud to once again partner provide 25 turkeys and all fixin’s to the many families impacted by the Covenant House program who do such a great job taking care of our youth, but also on behalf of all the hard working families who have supported what we do here in our efforts to positively impact New Orleans and our communities,” said Fair Grounds president Doug Shipley.

Covenant House New Orleans (https://www.covenanthousenola.org/) provides food, clothing, and shelter for any and all young people who are accepted day and night without any questions asked. They offer stability, and teach lifelong values of communication that are built on trust and respect from the leaders of the program. Covenant House allows kids to choose change freely, and assist their young people in making positive decisions about their future.

They also offer education and employment opportunities. Covenant House assist with high school and college enrollment, as well as working with college bound residents to complete high school and graduate with a diploma. They offer job readiness, job search, and job placement for residents, working one on one with each individual including local job training program partnerships.

 

About Fair Grounds Race Course & Slots: Fair Grounds Race Course & Slots, one of the nation’s oldest racetracks, has been in operation since 1872. Located in New Orleans, LA, Fair Grounds is owned by Churchill Downs Incorporated (NASDAQ Global

Select Market: CHDN); it also operates a slot-machine gaming facility and 13 off-track betting parlors throughout southeast Louisiana. The 148th Thoroughbred Racing Season – highlighted by the 107 the running of the Louisiana Derby – will run from November 28, 2019 through March 29, 2020. More information can be found online at www.FairGroundsRaceCourse.com.

Information set forth in this press release contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the “Act”) provides certain “safe harbor” provisions for forward-looking statements. All forward-looking statements made in this press release are made pursuant to the Act. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. 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; 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, including the impact of natural and other disasters on our operations and our ability to obtain insurance recoveries in respect of such losses; 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; legalization of online real money gaming and sports wagering in the United States, and our ability to capitalize on and predict such legalization; the number of people attending and wagering on live horse races; 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; security breaches and other security risks related to our technology, personal information, source code and other proprietary information, including failure to comply with regulations and other legal obligations relating to receiving, processing, storing and using personal information; payment- related risks, such as chargebacks for fraudulent credit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; compliance with payment processing and payment transmission regulations; work stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation related to injuries occurring at our racetracks; the inability of our totalisator company, United Tote, to maintain its processes accurately, keep its technology current or maintain its significant customers; weather conditions affecting our ability to conduct live racing; increased competition in the horseracing business; changes in the regulatory environment of our racing operations; declining popularity in horseracing; seasonal fluctuations in our horseracing business due to geographic concentration of our operations; increased competition in our casino business; changes in regulatory environment of our casino business; the cost and possibility for delay, cost overruns and other uncertainties associated with the development and expansion of casinos; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; impact of further legislation prohibiting tobacco smoking; geographic concentration of our casino business; changes in regulatory environment for our advanced deposit wagering, sports wagering, or online gaming businesses; increase in competition in the advanced deposit wagering, sports wagering, or online gaming businesses; inability to retain current customers or attract new customers to our advanced deposit wagering, sports wagering, or online gaming businesses; uncertainty and changes in the legal landscape relating to our advanced deposit wagering, sports wagering, or online gaming businesses; and failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment in our ability to offer advanced deposit wagering, sports wagering, or online gaming.

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Risen Star, Louisiana Derby, Lecomte Will All Be Longer In 2020

Fair Grounds Race Course & Slots has announced that 56 stakes worth a combined $7.13 million will be offered during the upcoming 2019-20 racing season, which is set to begin Thanksgiving Day, Thursday, November 28.

“We are proud to once again continue our growth and support of the thoroughbred racing industry with our purse allocations and this diverse and dynamic stakes schedule” said Fair Grounds Race Course & Slots president Doug Shipley. “We look forward to our 148th racing season and the continuation of bringing many of the best horsemen and jockeys from around the world to enjoy the high caliber racing at Fair Grounds in New Orleans.”

The “Louisiana Derby Day” card on March 21 will feature eight stakes worth a total of $2.425 million, including the 107th running of the Grade 2 $1 million Twinspires.com Louisiana Derby for 3-year-olds.

Previously run over nine furlongs on dirt, the distance of Louisiana Derby has been extended to 1 3/16th miles. The third and final local prep on the Road to the Kentucky Derby Presented by Woodford Reserve, the race is worth 100-40-20-10 points to the top four finishers. Run at 1 1/16 miles, the 52nd running of the G2 $400,000 Twinspires.com Fair Grounds Oaks for 3-year-old fillies offers the same number of points en route to the G1 $1.25 million Longines Kentucky Oaks.

“We’ve also lengthened the Lecomte from 1 mile and 70 yards to 1 1/16 miles and the Risen Star from 1 1/16 miles to nine furlongs,” said Fair Grounds’ racing secretary Scott Jones. “The Lecomte has always been a popular early season prep for the horsemen and we wanted to provide the horses a longer run into the first turn. The elongated distances of the Risen Star and Louisiana Derby will help differentiate our races from the other Kentucky Derby preps. We consulted with key participants from recent years, and they were in favor of the slight alterations.”

We are proud to once again note 2019 has been a banner year for 3-year-olds who campaigned at Fair Grounds:

  • G2 Risen Star runner-up Country House, who was also fourth in the Louisiana Derby, was the adjudicated winner of the G1 Kentucky Derby at Churchill Downs.
  • G3 Lecomte and G2 Risen Star winner War of Will won the G1 Preakness Stakes at Pimlico.
  • Serengeti Empress and Liora, the one-two finishers in the G2 Rachel Alexandra, also ran first and second in the G1 Kentucky Oaks at Churchill Downs.
  • Street Band, winner of the G2 Twinspires.com Fair Grounds Oaks, won the G3 Indiana Oaks at Indiana Grand and the G1 Cotillion at Parx.
  • G3 Lecomte runner-up Hog Creek Hustle, who also competed in the G2Risen Star and G1Louisiana Derby won the G1 Woody Stephens at Belmont.
  • Mr. Money, who competed in both the G2 Risen Star and G1 Louisiana Derby, rattled off four consecutive G3 victories prior to finishing second in the G1 Pennsylvania Derby.

A pair of nine furlong, high-impact stakes for older horses are also scheduled on the Louisiana Derby Day program – the G2 $400,000 New Orleans Classic and the G2 $300,000 Muniz Memorial Stakes, to be run over the Stall-Wilson Turf Course. In addition, four undercard stakes are slated for the lucrative card, including the $100,000 Tom Benson Memorial for older fillies and mares at 1 1/16 miles on grass and a trio of Louisiana-bred events – the $75,000 Costa Rising Stakes, a 5½-furlong turf sprint, the $75,000 Crescent City Derby for 3-year-old males at 1 1/16 miles and the $75,000 Crescent City Oaks for females at 1 mile and 70 yards.

On January 18, the “Road to the Derby Kickoff Day presented by Hotel Monteleone” features a pair of key 3-year-old events — the G3 $200,000 Lecomte Stakes, now run at 1 1/16 miles, and the $150,000 Silverbulletday Stakes for fillies at 1 mile and 70 yards. The top four finishers in each race receive 10-4-2-1 points on the Road to the Kentucky Derby and Oaks respectively.

Four stakes for older horses will also be presented on the January 18 program — the $125,000 Colonel E.R. Bradley Stakes at 1 1/16 miles over the Stall-Wilson Turf Course, the $100,000 Louisiana Stakes at 1 1/16 miles, the $100,000 Duncan F. Kenner Stakes at six furlongs and the $100,000 Marie G. Krantz Memorial Stakes for fillies and mares at 1 1/16 miles on grass.

On February 15, “Louisiana Derby Preview Day presented by Lamarque Ford-Lincoln” features a pair of key 3-year-old stakes — the Grade II $400,000 Risen Star Stakes presented by Lamarque Ford-Lincoln, now run at 1 1/8 miles, and the Grade II $300,000 Rachel Alexandra Stakes presented by Fasig-Tipton, increased by $100,000 for this year’s renewal, for fillies to be contested over 1 1/16 miles. The top four finishers receive 40-20-10-5 points on the Road to the Kentucky Derby and Oaks respectively.

The Rachel Alexandra has produced the last two Kentucky Oaks winners in Monomoy Girl (2018) and Serengeti Empress (2019) and 2014 winner Untapable also took down the Run for the Lilies. The Fair Grounds is hopeful the Rachel Alexandra will soon achieve the Grade 1 status is deserves.

Four stakes for older horses will also be presented on the February 15 program — the G3 $200,000 Mineshaft Stakes at 1 1/16 miles, the G3 $150,000 Fair Grounds Stakes for at nine furlongs on turf, the $100,000 Colonel Power Stakes at 5½ furlongs on turf and the $100,000 Albert M. Stall Memorial Stakes for fillies and mares at 1 1/16 miles on turf.

The December 21 “Santa Super Saturday presented by Coca-Cola” card offers a six-pack of $75,000 stakes. Four of the races are for older horses — the Tenacious Stakes at 1 mile and 70 yards, the Bonapaw Stakes at 5 ½ furlongs on turf, the Blushing K.D. for fillies and mares at 1 1/16 miles on turf, and the Buddy Diliberto Stakes at 1 1/16 miles on turf. The other two are six furlong events for juveniles – the Sugar Bowl Stakes for the boys and the Letellier Memorial Stakes for the girls.

Louisiana Champions Day presented by Acadian Ambulance will be held on December 14. With the races run over various divisions and distances on both dirt and turf, the program features ten stakes restricted to Louisiana-breds. Each Louisiana Champions Day is worth $100,000 with the exception of the Louisiana Champions Day Classic, which carries a $150,000 purse.

Named in honor of the Hall of Fame jockey who passed away in August, The Randy P. Romero Memorial Overnight Stakes (formerly Captain Maestri) will be run on February 1 (3-year-olds, one mile on turf).

Named in honor of the longtime horse racing reporter and author who passed away in July, The Bob Fortus Memorial Stakes (formerly the Tiffany Lass) will be run on December 26 (fillies and mares, 3-year-olds and up, 1 mile 70 yards on dirt)

Stakes races named last racing season in honor of the late Thoroughbred owner and New Orleans icon Tom Benson, who owned the NFL’s New Orleans Saints and NBA’s New Orleans Pelicans, and Shantel Lanerie, the late wife of long-time jockey Corey Lanerie and the inspiration for the Shantel Lanerie Breast Cancer Foundation, also remain on the schedule on March 21 and February 8 respectively.

Take note that the open undercard stakes on “Road to Derby Kickoff”, “Louisiana Derby Preview Day” and “Louisiana Derby Day” as well as the Thanksgiving Day Classic will now be run for $100,000, up from $75,000. In addition, Fair Grounds has eliminated handicap conditions for stakes races. These races will now be weighted under allowance conditions.

The 80-day, 2019-20 Fair Grounds racing season run conclude Sunday, March 29. Regular post time will be 12:30 p.m. CT. The exceptions are Louisiana Derby Day (March 21 at 11 a.m. CT), “Twilight Racing” (December 7 and January 25 at 3 p.m. CT) and “Starlight Racing” (March 13 and 27 at 5 p.m. CT).

“On the heels of a banner 2018-19 season, we’re excited to offer another outstanding stakes program to horsemen and fans,” said Fair Grounds’ racing secretary Scott Jones. “Our biggest days are direct feeders into the Kentucky Derby and Oaks, and the recent results of the horses who have participated with us in New Orleans speak for themselves. This year will be no exception. We are equally excited to see an enhancement in purse money for some of our stakes and we are confident that the program and our day to day racing product we will be well supported by our horsemen.”

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