churchill downs general counsel

16-35010 (9th Cir. Executives with Churchill Downs say elected officials, citizens, and other stakeholders urged them to build on the east end. 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. 1995-2022 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate. So getting that product converted for ours will always be something we're working on. We will kick off the Ellis Park race meet on Friday, July 7, after the end of the Churchill Downs Spring Meet. During this call, we will present both GAAP and non-GAAP financial measures. Any insights into how to think about that relative to a Derby City or an Oak Grove? Apply to Senior Counsel, Counsel, Associate Attorney and more! I think in the first quarter, we were pleased with the consumer trends that we saw across our properties. They employ 4,500 people according to customers in the know. % Churchill Downs Location 600 N Hurstbourne Pkwy Ste 400, Louisville, Kentucky, 40222, United States Description Industry Gambling & Gaming Recreation Can you maybe talk about the size of what the grade market was in Kentucky, maybe the properties that you could see the most uplift or that had -- you've seen the most drag there from this? I know the economics are spread across a couple of different places, but just kind of help us think strategically about maybe where those partnerships sit at this stage. Churchill Downs Incorporated (CDI) (NASDAQ: CHDN), headquartered in Louisville, Kentucky, is an industry-leading racing, gaming and online wagering company anchored by our iconic flagship event The Kentucky Derby. They are considered to be part of the following sectors and industries: Consumer Discretionary, Consumer Services, Hotels, Restaurants & Leisure, Casinos & Gaming. And our next question comes from the line of Chad Beynon with Macquarie. Q1 2023 Churchill Downs Inc Earnings Call All Churchill Downs, Inc. Get free summaries of new Ninth Circuit US Court of Appeals opinions delivered to your inbox! And on the subject of HRM facilities, one of the issues that comes up regularly with investors is the degree to which those HRM facilities can perform, right, whether an HRM machine, how it compares with the traditional regular slot machine, whether there's any noticeable difference in consumer spend or behaviors or any of those sorts of things? Plaintiff Churchill Downs Incorporated ("Churchill Downs") has moved for an order of contempt and for a temporary restraining order against Defendants Doug Dearen and Thoroughbred Traditions, Inc. (collectively "Defendants"). 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. So we have to look at the results as they come in. WebThe base salary for General Counsel in companies like CHURCHILL DOWNS INC range from $348,690 to $489,690 with the average base salary of $412,590. General Counsel General But all good, you'll see improvement every quarter. ." In 2023 campaigns, individuals tied to Churchill Downs have given large sums of money to incumbent Democratic Gov. 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 Second question would just be Richmond came up just kind of on the slate of -- it sounds like you got a couple referendum you're targeting in Virginia for this fall. 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. These statements involve a number of risks and uncertainties that could cause actual results to differ materially. We will be permitted to have up to 9 retail locations and up to 8 online sports betting licenses that we can potentially monetize. So it was a developed competitive market. Alternatively, it could mean that Defendants cannot use the Marks in any way that would mislead consumers into believing that Churchill Downs is affiliated with Defendants' businesses and activities except as permitted by law. Apply to Associate Attorney, Counsel, Attorney and more! 3 0 obj These were popping up in bars and taverns and restaurants and convenience stores across the state. The Consent Decree is in part ambiguous on its face and thus a temporary restraining order would be inappropriate. However, Pace-O-Matic has pointed out that the horse industry which operates its own slot-like machines and calls them Historical Horse Racing holds significant sway in the legislature and argued that their efforts to shut gray machines out . So we're happy to see them go. All of the covered stadium seats are sold and more than 3/4 of the indoor reserve seats are also sold with the remainder selling quickly each day. This concludes today's conference call. There wasn't a fully accurate count of how many of these were, but I think it's fair to say there were several times the number of these of actual -- compared to actual HRM machines and license authorized facilities like the ones we run. Omar Amin is the President, Corporate, Chief Development Officer, and General Counsel at Palmetto responsible for the Companys mergers, acquisitions and fundraising efforts, along with overseeing all the legal matters including corporate governance, intellectual property and compliance of Palmetto. We'll try to be good stewards of your capital. Regarding our Gaming business, we realized significant contributions from the addition of the New York and Iowa properties acquired in the P2E Transaction. I feel really good about our margins and our ability to sustain and improve as we do the exact transaction. We have positioned our company for strong growth for years to come with the ongoing investments in the Kentucky Derby, the acquisition of the P2E assets, including the existing operational properties and our Virginia growth projects, our Terra Haute project in Indiana, our Salem, New Hampshire HRM project and other Kentucky HRM projects and the pending acquisition of Exacta Systems, which will greatly improve our Virginia, New Hampshire and Kentucky capabilities, all of which we expect to drive a material increase in adjusted EBITDA and free cash flow in the coming years. See, e.g., Schachner v. Blue Cross and Blue Shield of Ohio, 77 F.3d 889, 893 (6th Cir. The 50-acre site is double the size of the initial property, which offers opportunities for more growth. See EEOC v. Local 638, Local 28 of Sheet Metal Workers' Int'l Ass'n, 753 F.2d 1172, 1178 (2d Cir. And maybe what options do you have to best respond if you did see things deteriorate? I think that just helps us with our toolkit to work with manufacturers to make this product as competitive as we can with Class III. GetHuman provides free tools and information to consumers that allow them to share their customer experiences and tips with each other for how to contact companies faster and how to solve common problems. We find that it does drive traffic to our properties that it does help the overall energy and flow of people through our properties. However, commission staff asked Churchill Downs to offer an update due to the importance of the change. There already is competition that's come online in Virginia. There was a casino opening there during the quarter and your margins were flat or really unimpacted kind of quarter-over-quarter. That letter made one objection to the content of a previous Web site maintained by Defendants, but did not object to the use of the name "Kentucky Derby" elsewhere on the same page. When it comes to construction timing and cost, I don't have an update on the timing or cost versus what we disclosed in our first quarter press release last year. Should we expect to see or possibly see something a little bit more material in terms of contribution coming through with the Derby? Employees Int'l Union, Local 1199 v. Blackwell, 467 F.3d 999, 1009 (6th Cir. Chad Riney Bill? Bradley Blackwell - Senior Vice Pres.. - Churchill Downs | ZoomInfo Plaintiff's motion for contempt does not meet any of the three prongs enunciated supra. Bradley Blackwell has been working as a Senior Vice President and General Counsel at Churchill Downs for 18 years. Just kind of how to think about that relationship? W{@]/`XyNfUh\sNsN.uzylq3u(grvNgS\:"o6x p^0`at*$ Churchill Downs is part of the Gambling & Gaming industry, and located in Kentucky, United States. WebCall Churchill Downs, Inc. customer service faster with GetHuman. We are working towards a goal of conducting HRM-related referendums in 2 new communities this coming fall. 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. 2018) The Ninth Circuit reversed the dismissal of a purported class action against Churchill Downs alleging We are focused on our other Kentucky projects for now. You already receive all suggested Justia Opinion Summary Newsletters.

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