Bill Carstanjen
CDI Names Katherine Armstrong as SVP of Human Resources
Churchill Downs Incorporated (CDI) announced that Katherine Armstrong has been named Senior Vice President of Human Resources for the Company. Armstrong assumes the role from Chuck Kenyon who announced his retirement after 18 years of leading CDI’s Human Resources department.
Since April 2021, Armstrong has served as Vice President of Culture for CDI, a role in which she was responsible for developing, among other objectives, a strategic vision to advance a culture of diversity, equity and inclusion as part of the Company’s core mission and values. In addition to her Corporate HR responsibilities, Armstrong will continue to direct CDI’s internal culture strategy, including diversity, equity & inclusion.
Armstrong’s promotion is effective immediately and will include a transitional handoff period with Kenyon, whose retirement is effective August 1, 2022.
“Katherine brings over two decades in executive HR leadership experience in areas such as HR strategy and organizational development. She has quickly earned the respect and trust of everyone on our team. We congratulate her on her new role and look forward to her impactful leadership as our company continues to grow,” Bill Carstanjen, Chief Executive Officer of CDI, said.
“Chuck has been an extraordinary contributor to the growth and evolution of our business over the past 18 years. Like so many team members, I am deeply grateful and appreciative for the tremendous personal contributions that Chuck made to the organization and, just as importantly, to the development and success of the individuals who make up our company. We wish him nothing but the very best in his retirement,” Bill Carstanjen added.
Bill Carstanjen
CDI Opens Terre Haute Casino Resort in Terre Haute, Indiana
Churchill Downs Incorporated (CDI) announced the opening of Terre Haute Casino Resort in Terre Haute, Indiana. The $290 million investment includes a casino floor with 1000 slot machines, 36 table games, and a state-of-the-art sportsbook. The 400,000-square-foot entertainment venue also features regionally inspired bars and restaurants including: Four Cornered Steakhouse, Rockwood Bar & Grill, The Soda Shoppe, Crossroads Center Bar, and High Limit Bar.
“Today’s grand opening of Terre Haute Casino Resort is a time to reflect on the promises Churchill Downs made, kept and delivered for this community. An occasion like today feels like the end of all the effort to successfully get us to this point, but it’s actually just the beginning of what this project can do for Vigo County and the State of Indiana,” Bill Carstanjen, CEO of CDI, said.
“This premier gaming facility will make it possible to welcome visitors from across the Midwest, the nation and the world here to Terre Haute. The opportunity this creates for the people of our community is a true testament to the leaders who have worked on this project for years,” said Mayor of Terre Haute, Brandon Sakbun.
Terre Haute Casino Resort marks the Company’s first entertainment venue in Indiana and CDI’s expansion into its 14th state. The Company is scheduled to officially open the property’s remaining amenities, which include a 122-room luxury hotel, rooftop lounge, and coffee shop, to the public on Wednesday, May 15, 2024.
The development of Terre Haute Casino Resort generated nearly 1000 construction jobs and approximately 550 permanent full-time and part-time jobs. CDI officially broke ground on the entertainment venue in June 2022 with construction management partner, Wilhelm Construction.
Bill Carstanjen
CDI Announces SAP as an Official Signature Partner of the Kentucky Derby
Churchill Downs Incorporated announced a multi-year agreement naming SAP America Inc. an official signature partner of Churchill Downs Racetrack. SAP, a global market leader in enterprise application software, will be the first official technology partner serving Churchill Downs Racetrack, the Kentucky Derby, and Kentucky Oaks. The partnership also includes naming rights for the SAP Starting Gate Suites, a tower of premium, exclusive suites, and designation as the presenting partner of the Kentucky Derby and Churchill Downs mobile applications.
“We are thrilled to welcome SAP as a signature partner of Churchill Downs and the Kentucky Derby. SAP is a tremendous global brand that supports our vision to innovate and fuel growth across our businesses. We are excited to have SAP join our iconic brand at the 150th running of the Kentucky Derby on the first Saturday in May,” Bill Carstanjen, Chief Executive Officer of CDI, said.
“This partnership is a great opportunity for SAP to collaborate with one of the most storied sporting events in the world, the Kentucky Derby. We are proud to work with partners who share our commitment to innovation and are excited to help CDI leverage SAP’s expertise and technology to support the growth of their company,” Lloyd Adams, President of SAP America, said.
Bill Carstanjen
CDI Completes Acquisition of Peninsula Pacific Entertainment
Churchill Downs Incorporated (CDI) has completed its acquisition of all Peninsula Pacific Entertainment (P2E) assets for $2.75bn.
The P2E Acquisition includes all of P2E’s assets and operations in Virginia, New York and Sioux City, Iowa, and follows receipt of customary licensing approvals from the Virginia Racing Commission, the New York State Gaming Commission, and the Iowa Racing and Gaming Commission.
“Today marks a significant moment in the evolution of Churchill Downs Incorporated. This transaction meaningfully expands our geographic footprint to Iowa, New York and Virginia, introducing a very unique set of assets and attractive organic growth opportunities to our company. We are excited to welcome the teams from each of these well-established properties into Churchill Downs Incorporated,” Bill Carstanjen, Chief Executive Officer of CDI, said.
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