Churchill Downs Incorporated names Ben Murr president of TwinSpires and online gaming


Ben Murr

President of TwinSpires and Online Games

President of TwinSpires and Online Games

LOUISVILLE, Ky., Jan. 14, 2022 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or the “Company”) today announced that Ben Murr has been named President of TwinSpires and Online Gaming. In this role, he will be responsible for the overall strategy and operations of these companies.

Murr brings 24 years of leadership experience to this position. During his 14 years at CDI, he held several leadership positions including President of United Tote, Senior Vice President and Chief Technology Officer, and most recently Acting President of TwinSpires and Online Gaming. .

Prior to joining CDI, Murr held senior information technology positions at General Electric. He holds a bachelor’s degree in economics and a master’s degree in business administration from Bellarmine University.

“During his tenure at CDI, Ben has been an important leader in growing our operations,” said Carstanjen. “He has been a key player throughout the significant changes that have taken place in our company over the past 14 years and will continue to drive our TwinSpires and Online businesses forward.”

“I have been heavily involved with TwinSpires and our online gaming operations throughout my tenure at CDI,” Murr said. “I am passionate about these companies and strongly believe in their potential for future growth and their strategic importance to CDI.”

Murr will remain senior vice president of CDI in addition to his responsibilities as president of TwinSpires and online gaming.

Murr’s promotion takes effect immediately. The company will move quickly to fill the position of senior vice president and chief technology officer.

About Churchill Downs Incorporated

Churchill Downs Incorporated is a leading racing, online betting and gaming entertainment company rooted in our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historic racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online betting platforms for horse racing, sports and iGaming in the United States and we have eight retail sportsbooks. We are also a leader in physical casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about the CDI is available online at www.churchilldownsincorporated.com.

This press release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by the use of terms such as “anticipate”, ” believe”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “plan”, “predict”, “project”, “seek”, “should,” “will,” and similar words or phrases (or negative versions of those words or phrases).

Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot guarantee that these expectations will prove to be correct. Important factors, among others, that could materially affect actual results or results include the following: the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and economic matters related to our results of operations, financial conditions and outlook; the occurrence of extraordinary events, such as terrorist attacks, threats to public health, civil unrest and severe weather; the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition and the expectation of increased levels of competition; changes in consumer preferences, footfall, betting and referrals; loss of key or highly qualified personnel; lack of confidence in the integrity of our core businesses or any damage to our reputation; risks associated with equity investments, strategic alliances and other agreements with third parties; inability to respond to rapid technological changes in a timely manner; the concentration and evolution of slot machine manufacturing and other technological conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including riders and other racetracks; the inability to successfully grow our TwinSpires Sports and Casino business and compete effectively; failure to identify and complete expansion, acquisition or divestiture projects on time, within budget or as planned; difficulty integrating recent or future acquisitions into our operations; the costs and uncertainties of developing new sites and expanding existing facilities; general risks relating to real estate ownership and significant expenditures, including fluctuations in market values ​​and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risks, including cybersecurity breaches, or the loss or misuse of our stored information as a result of a breach, including customers’ personal information, could result in enforcement action. law by government or other litigation; personal injury litigation relating to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money laundering regulations; payment risks, such as the risk associated with fraudulent use of credit and debit cards; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions on our credit facilities limiting our flexibility to operate our business; non-compliance with financial ratios and other covenants of our credit facilities and other indebtedness; and the increase in our insurance costs, or obtaining similar insurance coverage in the future, and the inability to recover under our insurance policies damages incurred to our properties in the event of inclement weather and accidents.

We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact: Nick Zangari
(502) 394-1157
[email protected]

Media Contact: Tonya Abeln
(502) 386-1742
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/20c982db-90b9-4efc-88c6-d54a043e2427

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