Churchill Downs Incorporated has opened its latest historical racing machine (HRM) venue in Kentucky at Derby City Gaming (DCG) Downtown.
The $90 million investment marks CDI’s sixth HRM venue in the state and includes a gaming floor with 500 HRMs, a race and sports book, and three bar concepts.
“As you all know, racing is a key part of our history and our culture,” said Kentucky Governor Andy Beshear. “Churchill Downs brings folks from across the state and across our world together.
“This company isn’t just resting on where they’ve been, they’re laser focused on where they’re going. They’re working tirelessly to be even better to ensure their future and our future as Kentucky is brighter than ever.”
The development of DCG Downtown generated 400 construction jobs, and will result in over 150 permanent jobs.
“This project is one of which I’m particularly proud because in addition to its impact of the Kentucky horse industry, it’s going to bring new energy to our downtown and stimulate investments like it,” said Churchill Downs Incorporated CEO Bill Carstanjen. “Derby City Gaming Downtown will give locals, bourbon tourists, convention attendees and all our visitors, another much needed entertainment facility in this region.
“Investing in downtown Louisville was more than a financial decision. It is an investment in the spirit and the culture and the future of our city.”
Shares in Churchill Downs Incorporated (NYSE:CHDN) closed 0.48 per cent lower at $115.00 per share in New York Wednesday.