churchill downs general counsel

The Court has no reason to believe that the website has changed significantly in its use of the Marks "Kentucky Derby" and "Churchill Downs" since January 6, 2003. Thank you. We do this while maintaining one of the best balance sheets in the industry. Churchill Downs is part of the Gambling & Code 9.46.0237. Ultimately, our real challenge in the State of Virginia is the number of machines we have and we have 10 places we can move those machines around based on the competitive environment. 502-636-4400. }d3a0nS($DA]jjCDFeOp^dsY uD8-X._g1JEt&zo}D2t}? .%9|NR0Y4~4A\mw%*oLRk46(]]XzwZJ7Z;H{/gMGimb1;7CWf4jD|okva#oEW^-qHN| 'g Yq?0h|9cq;(CB9dNWwV5E5psmYrIw8 '+I W Also, we are making solid progress on our sale of New Hampshire HRM site plans, and we'll share more details on future earnings calls. Our challenge in the state are -- across all our facilities there were limited to 5,000 machines. IT IS HEREBY ORDERED that Plaintiff's motion for contempt and motion for a temporary restraining order are DENIED. But these folks that are out there now with a broader sports wagering platform like FanDuel, they've reached a lot more customers than we ever were able to with our very narrowly focused TwinSpires app, which we still think is the absolute best in the business for betting on horse racing, but that's all you do on it. There's always weather events from prior year or other things like that, that can affect them. You are looking up Churchill Downs, Inc. customer care, so you probably already know who they are. Code 9.46.0285s definition of a thing of value. The panel concluded that Big Fish Casino fell within Washingtons definition of an illegal gambling game. The 2023 Kentucky Derby is the 149th renewal of The Greatest Two Minutes in Sports. Casino & Hotel properties in Maryland and Pennsylvania, along with igaming and sports betting initiatives. 3 0 obj Third, even assuming that the Consent Decree means what the Plaintiff says it means, Defendants did actually make reasonable attempts to comply with Plaintiff's demands. The Cordish Companies' origins date back to 1910 and encompass four generations of privately-held, family ownership. Leadership Team; Board of Directors; Corporate Social Responsibility; The company's 2023 first quarter business results were released yesterday afternoon. After she finishes, we will take your questions. Churchill Downs Location 600 N Hurstbourne Pkwy Ste 400, Louisville, Kentucky, 40222, United States The total cash When we talk to the slot manufacturers, it sounds like they're all really focused on generating good content for your business, for HRMs in general. Executives at Kentuckys biggest so-called gray machine company gave $100,000 in donations to a political action committee supporting Attorney General Daniel Camerons campaign for governor in mid-March. See Summit County Democratic Cent. Web8 In House Counsel jobs available in Carwood, IN on Indeed.com. At the end of first quarter, our bank covenant net leverage was 3.9x. Good day, ladies and gentlemen, and welcome to the Churchill Downs Inc. 2023 First Quarter Earnings Conference Call. And so I follow that data personally very, very carefully. It's also larger than the other applicants initially proposed. By April 13, 2007, these negotiations had broken down and Churchill Downs filed this motion. Churchill Downs Incorporated Promotes Brad Blackwell to Senior Vice President and General Counsel. Web8 In House Counsel jobs available in Carwood, IN on Indeed.com. Good to hear. The pivot out of the online sports and casino business provided a nice uplift to our adjusted EBITDA and margins in first quarter compared to the prior year quarter. Both Draws to be Held in Aristides Lounge, Streamed Live on That includes Churchill Downs Inc.s massive donations to members of the legislature and other politicians, noted a statement from the company. A group tied to the industry, Louisvilles Churchill Downs in particular, spent $348,263 this legislative session to lobby for passage of House Bill 594, according to the Kentucky Legislative Ethics Commission. Among other things, it alleged that Defendants misappropriated Plaintiff's season ticket holder list and used it for ticket-scalping purposes. Big Fish Casino constituted illegal gambling under Washington law because its virtual chips were a " You're all set! Bradley K. Blackwell, also known as Brad has been General Counsel and Senior Vice President at Churchill Downs Incorporated since March 01, 2017 and serves as its Secretary. There's been more concern, I think, across the market on the health of the consumer. Groundbreaking could happen as early as late May if the remaining approvals are taken care of on the expected timeline. And then just a follow-up on Kentucky and HRMs, the Turfway Park, I think it's obviously a newer property. From a financing perspective, at the end of February, we completed the $500 million Term Loan A financing. But right now, we're not really doing that because there isn't enough trend data to suggest that we need to. All online or virtual gambling is illegal in Washington. A big project, estimated at $185-200 million. We are focused on our other Kentucky projects for now. So we have an approach. Based on advanced reserve ticket sales and other metrics available at this time, we expect to deliver record Derby week results. Email notifications are only sent once a day, and only if there are new matching items. (WTHI) - If you've driven down Margaret Avenue in Terre Haute, you've probably seen crews working on the Queen of Terre Haut, Churchill Downs executives explained that there will be public parking along three sides of the building. The Consent Decree is in part ambiguous on its face and thus a temporary restraining order would be inappropriate. And our next question comes from the line of Jordan Bender with JMP. Our existing regional gaming properties in Maine, Maryland, Louisiana and our Harlow's property in Mississippi, collectively delivered a small increase in adjusted EBITDA compared to the prior year quarter that was more than offset by declines at our Pennsylvania and Florida properties and our Riverwalk property in Mississippi. We are excited about these projects, and we'll share more details on our next earnings call.We will also discuss in more detail on the next call, our plans with respect to our 50-50 partnership with Urban One to pursue a full Class III casino in the city of Richmond, Virginia. CTTYYZJ&d\R8q,"9V$-Gf]y_KA'NQ~m+EeTP)oS*j;L;2v[+=bsD+ (WTHI) - Churchill Downs is moving forward with its plans for a casino on the east side of Terre Haute. I wanted to go back to an issue and I apologize if this sort of came out in the remarks. This is the fifth and final full Class III license. We do this in several other markets. And then just a follow-up. Happy to do that. Apply to Senior Counsel, Counsel, Associate Attorney and more! WebMichael G. Rowles was appointed as Executive Vice President and General Counsel of Live Nation in March 2006. A lobbying group affiliated with Pace-O-Matic spent a record amount on lobbying expenses, $483,324, in the three months of this past session lobbying against the gray machine ban bill that passed, House Bill 594. This section implies that Defendants were actually giving up all of their rights to the use of the Marks, including any Fair Use under trademark law. That's a really interesting question, and I think it's one that you'll see the answer play out over an extended period of time. <> But it's -- I would leave it at this. Regarding project capital, we spent $123 million in the first quarter and continue to expect to spend between $575 million to $675 million in total for the year. We delivered record first quarter net revenue of $560 million and record adjusted EBITDA of $223 million. For most of that time, that Web site was replete with references to the "Kentucky Derby" and "Churchill Downs." That was a week before they filed a joint lawsuit against the state on March 28 challenging a bill passed to ban the machines in Kentucky. General Counsel Dennis Mullen said commission staff reviewed statutes and regulations and found the commission did not need to formally approve the location change. You already receive all suggested Justia Opinion Summary Newsletters. And really, if you'll show some patients, I think we'll be able to provide you a better, more complete answer in the second quarter after there's a chance for the Triple Crown events around which some of these folks can actually do comprehensive marketing because they have events to push people towards. So Indiana and Ohio has had gaming in that market for many years. DIG\ 8PMP8|&3WRb6MME$2-Hzu*(VQPU;Vp4Bh rL\;'J|ak+>_qW Np~lwA>WG7iuHu>{:NL:khHo@[7DTQ) .cRBE(7r $_ILnA/'s#.po_8a,u;Ferm+0)|cepk++%#R[q And Churchill Downs and Mr. Carstanjen knew full well that imposing its suspension, based on zero factual or legal support, would give illegitimate credibility to a Andy Beshear the Democrats presumed 2023 nominee and Craft. And I think this is one of those things where I can tell you that I paid a lot of attention to the TwinSpires business since the day it was conceptualized and became a real thing. Compare Churchill Downs, Inc.'s email address, and phone number. This is a 150-unit facility that remains on track to be completed in the third quarter of 2023. They are considered to be part of the following sectors and industries: Consumer Discretionary, Consumer Services, Hotels, Restaurants & Leisure, Casinos & Gaming. One of the most exciting developments will be the completion of the Paddock Project with breathtaking and unrestricted views of the TwinSpires, along with spectacular new seating and dining experiences. Apply to Associate Attorney, Counsel, Attorney and more! So I believe you said outside of Florida and Pennsylvania margins were very strong. Mr. Weinstein, who has announced his intent to retire in 2024, will work to ensure the smooth transition of all legal matters. Justia makes no guarantees or warranties that the annotations are accurate or reflect the current state of law, and no annotation is intended to be, nor should it be construed as, legal advice. So, so far, particularly FanDuel, I think they're showing a lot of interest and appetite. WebChurchill Downs Incorporated Senior Vice President and General Counsel Mar-2015 to Feb-2017 Churchill Downs Incorporated Vice President of Operations Apr-2005 to Mar-2015 2 0 obj In his role, he is responsible for the legal affairs of the company and he serves as the principle legal advisor to CoreCivic's executive leadership team and Board of Directors. For the purposes of this action, two terms of the Consent Decree are of particular importance: For more than four years after the parties entered into the Consent Decree, Defendants continued to operate www.derbybox.com, a Web site that advertised itself as "The undisputed Derby Ticket and Derby Travel Package Specialist." The phrase "except as permitted by law" is difficult to interpret. Understood. General Cameron has always been a staunch advocate of defending the laws passed by the General assembly. We have the right under Virginia law to open up to 3 additional HRM facilities with the number of HRM machines permissible in each, a function of the size and location of the community, subject to an overall cap of 5,000 machines across all of our facilities in the state. And maybe what options do you have to best respond if you did see things deteriorate? So this year, we're working towards authorization by the city to conduct the referendum. And I think the proof will be in the pudding, though, and we're very close to starting to see some of that proof. We are nowhere near the end of the journey. The press release and Form 10-Q are available on our website at churchilldownsincorporated.com. Appreciate the question. When you have as many properties as we have, you might find an example of anything across that many properties. TERRE HAUTE, Ind. endobj In all, the PAC has raised $1.9 million total, mostly supported by the Concord Fund via $1.5 million in contributions. Let's start with our historical racing machines or HRM initiatives.

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