2014 CFA Challenge Report
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Penn National's Transformational Acquisition of Pinnacle Entertainment
Penn National’s Transformational Acquisition of Pinnacle Entertainment December 18, 2017 CONFIDENTIAL DRAFT FOR DISCUSSION ONLY CONFIDENTIAL DRAFT FOR DISCUSSION ONLY 65 114 173 154 28 32 This communication may contain certain forward-looking statements, including certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction, Penn National’ and Pinnacle’ plans, objectives, expectations and intentions, the expected timing of 155 187 89 completion of the transaction, and other statements that are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as “expect,” “anticipate,” “believe,” “intend,” “estimate,” “plan,” “target,” 247 150 70 “goal,” or similar expressions, or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. While there is no assurance that any list of risks and 128 100 162 uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the -
Miami Valley Gaming Announces $100 Million Expansion to Build a Hotel, Parking Garage and Expanded Gaming Floor
Miami Valley Gaming Announces $100 Million Expansion To Build a Hotel, Parking Garage and Expanded Gaming Floor LEBANON, Ohio, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) announced today that Miami Valley Gaming & Racing, LLC (“MVG”), its joint venture racino with Delaware North Gaming & Entertainment, plans to build a hotel, parking garage and expanded gaming floor and add up to 250 additional video lottery terminals (“VLTs”). The $100 million expansion is scheduled to be completed by the second quarter of 2021 and will be financed with debt at the joint venture. The proposed project will include 192 rooms and suites, a new full-service restaurant, coffee bar and 1,000-car parking garage, which will allow MVG to expand the geographical market reach of the property. The expansion will add over 10,000 square feet of gaming floor space and increase the number of VLTs in operation to approximately 2,200. “Miami Valley Gaming has been very successful since it was built in 2013, and the team has consistently driven strong growth while also being a great asset to their community,” said Bill Carstanjen, CEO of Churchill Downs Incorporated. “This investment will enable MVG to meet the increased demand from a broader geographical reach and enhance the guest experience with high-quality amenities.” MVG currently employs over 450 people and has delivered more than $270 million in gaming taxes to the Ohio Lottery and $83 million in purses to the Ohio Harness Horseman’s Association since opening. The project will create an estimated 300 construction jobs as well as over 100 additional full-time employment opportunities. -
Smokefree Casinos and Gambling Facilities
SMOKEFREE CASINOS AND GAMBLING FACILITIES SMOKEFREE MODEL POLICY AND IMPLEMENTATION TOOLKIT Smokefree Casinos and Gambling Facilities OCTOBER 2013 State-Regulated Gaming Facilities There are now more than 500 smokefree casinos and gambling facilities in the U.S. It is required by law in 20 states, a growing number of cities, and in Puerto Rico and the US Virgin Islands. In addition, a growing number of sovereign American Indian tribes have made their gambling jobsites smokefree indoors (see page 9). Note: This list does not include all off-track betting (OTB) facilities. To view a map of U.S. States and territories that require state-regulated gaming facilities to be 100% smokefree, go to www.no-smoke.org/pdf/100smokefreecasinos.pdf. Arizona Crystal Casino and Hotel ..........Compton Apache Greyhound Park ..........Apache Junction Club Caribe Casino ...............Cudahy Turf Paradise Racecourse .........Phoenix Del Mar ..........................Del Mar Rillito Park Race Track ............Tucson The Aviator Casino ................Delano Tucson Greyhound Park ..........Tucson St. Charles Place ..................Downieville Tommy’s Casino and Saloon. El Centro California Oaks Card Club ...................Emeryville Golden Gate Fields ................Albany S & K Card Room .................Eureka Kelly’s Cardroom .................Antioch Folsom Lake Bowl Nineteenth Hole ..................Antioch Sports Bar and Casino ............Folsom Santa Anita Park ..................Arcadia Club One Casino ..................Fresno Deuces Wild Casino -
Midwest Non-Deal Roadshow
Midwest Non-Deal Roadshow Prepared For: Investor Relations (NASDAQ: CHDN) October 7-8, 2014 Bill Mudd, President and CFO Mike Anderson, VP Finance & IR / Treasurer Forward-Looking Statements This document contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the “Act”) provides certain “safe harbor” provisions for forward-looking statements. All forward-looking statements are made pursuant to the Act. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “hope,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, -
View Presentation
Virtual Non-Deal Roadshow November 16, 2020 Forward-Looking Statements Certain statements made in this presentation contain 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 typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may materially affect actual results or outcomes include the following: • the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; • the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; • additional or increased taxes and fees; • public perceptions or lack of confidence in the integrity of our business or any deterioration in our reputation; • loss of key or highly skilled personnel; • restrictions in our debt facilities limiting our flexibility to operate our business; • general risks related to real estate ownership, including fluctuations in market values and environmental regulations; • catastrophic -
Churchill Downs Incorporated Reports 2014 Second-Quarter Results
July 30, 2014 Churchill Downs Incorporated Reports 2014 Second-Quarter Results SECOND-QUARTER 2014 ● Record net revenues of $303.7 million, up 7% over second-quarter 2013 ● Record Adjusted EBITDA of $116.5 million, 12% above 2013's second-quarter ● Record Kentucky Oaks and Derby week Adjusted EBITDA grows $8.8 million over prior year ● Repurchased 691,000 shares for $61.6 million during the quarter under the approved $100 million stock buy-back plan LOUISVILLE, Ky., July 30, 2014 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq:CHDN) (CDI or Company) today, Wednesday, July 30, 2014, reported business results for the second-quarter ended Jun. 30, 2014. MANAGEMENT COMMENTARY Robert L. Evans, Chairman and CEO: "Our second-quarter results were solid considering the soft regional gaming market with record net revenues up 7%, and record Adjusted EBITDA up 12% over second-quarter 2013. "2014 Oaks and Derby week Adjusted EBITDA increased $8.8 million over 2013 to a new record, with broad based gains in premium tickets and admissions, pari-mutuel wagering, media rights, food & beverage, and merchandise. In addition, TwinSpires' handle continued to outperform U.S. thoroughbred handle trends despite our 2013 departure from Texas. Finally, in late June, we completed the repurchase of 691,000 shares of stock for $61.6 million. "We recently completed three strategic initiatives. First, we signed an agreement with The Stronach Group (TSG) to lease Calder Race Course and operate live racing through 2020 which will improve Calder's future Adjusted EBITDA performance as well as offer a viable long-term solution to preserving racing in South Florida on a year-round basis. -
US Smokefree Casinos and Gambling Facilities
Defending your right to breathe smokefree air since 1976 U.S. Smokefree Casinos and Gambling Facilities January 1, 2015 State-regulated Gambling Facilities There are at least 510 state-regulated gambling facilities that are required to be 100% smokefree indoors. Of the casinos and other facilities listed below, most are required to be smokefree by state law. Additionally, gambling facilities marked with an * are not required by law to be smokefree, but are smokefree by their own corporate policy. This list does not include all off-track betting (OTB) facilities. Vermont and Wisconsin’s smokefree laws cover state-regulated gambling facilities, but neither state currently has any such facilities. Maine’s smokefree law requires state-regulated gambling facilities opened after July 1, 2003 to be 100% smokefree, but prior facilities may have a smoking room. See page 14 for American Indian Sovereign Tribal Gaming Facilities. To view a map of U.S. states, commonwealths, and territories that require state-regulated gambling facilities to be 100% smokefree, go to http://www.no- smoke.org/pdf/100smokefreecasinos.pdf. State Community Arizona Apache Greyhound Park Apache Junction Turf Paradise Racecourse Phoenix Rillito Park Race Track Tucson Tucson Greyhound Park Tucson California Golden Gate Fields Albany Kelly's Cardroom Antioch Nineteenth Hole Antioch 2530 San Pablo Avenue, Suite J • Berkeley, California 94702 • (510) 841-3032 / FAX (510) 841-3071 www.no-smoke.org • [email protected] Santa Anita Park Arcadia Deuces Wild Casino Auburn Golden West Casino Bakersfield Bicycle Casino Bell Gardens Bruce's Bar and Casino Blythe Black Sheep Casino Cameron Park Old Cayucos Tavern & Cardroom Cayucos Angie's Poker Club Chico Village Club Chula Vista Lucky Derby Casino Citrus Heights Phoenix Casino and Lounge Citrus Heights 500 Club Clovis Lucky Chances Casino Colma Commerce Casino Commerce Crystal Casino & Hotel Compton Club Caribe Casino Cudahy Del Mar Del Mar The Aviator Casino Delano St. -
CHD-4417.Ver.4
CDI employees starting at the top, from left to right: Sandi Ho, Tram Vo, Talice Berry, Irene Rodriguez, Patti Boggs, Erin Moen, Angela Manalansan, Mark Fritsche, Shelley Robinson, Princess Van Sickle; all of Hollywood Park’s accounting department – Mike Kohan, general manager at the Merrillville Sports Spectrum – Freddy Lee Smith, Calder security – Bruce Kincaid, backside maintenance at Churchill Downs – Yolanda Buford, human resources manager; Scott Graff, controller; Vicki Baumgardner, vice president, finance, and treasurer; all of Churchill Downs – Dannette Brennan-Smith, Hollywood Park human resources. 2 Churchill Downs Incorporated Letter to our Stockholders President and Chief Executive Thomas H. Meeker and Chairman William S. Farish 1999 Annual Report 3 1999 was the year in which our planning and our commitment to excellence resulted in outstanding progress for Churchill Downs Incorporated. Aided by strategic acquisitions, we achieved record financial results, we reinforced our leadership in the racing industry, and we continued our development of a comprehensive simulcast product. These accomplishments underscore the value of our four-prong business strategy, which continues to guide us as we embark on an era in our industry that will be defined by marketing innovations and technological advances. With progress comes change. Two years ago, our operations were centered in Indiana and Kentucky. We now have five racetracks in four states, including California and Florida. The acquisitions of Calder Race Course and Hollywood Park more than tripled the size of our Company’s assets. In 1997, we had a staff of 325 full-time employees; now we employ 1,000 people full time. To support this growth, the integration of our new properties and any future expansion plans, the Company has built a strong managerial infrastructure, and we are dedicating considerable energies to develop cohesiveness in our practices, which allows us to share resources effectively. -
Morgan Stanley U.S. Online Gambling Forum New York, NY
Morgan Stanley U.S. Online Gambling Forum New York, NY Prepared For: Investor Relations (NASDAQ: CHDN) March 24, 2015 Bill Carstanjen, CEO Bill Mudd, President and CFO Mike Anderson, VP Finance & IR / Treasurer Forward-Looking Statements This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the “Act”) provides certain “safe harbor” provisions for forward-looking statements. All forward-looking statements are made pursuant to the Act. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “hope,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking -
The Kentucky Derby Has Been Postponed from May 2 Until September 5
AS OF 4/20/20 at 9:45 pm ET TRIPLE CROWN NOTE: The Kentucky Derby has been postponed from May 2 until September 5. The Preakness Stakes (May 16) and Belmont Stakes (June 6) are postponed with new dates not yet released. UNITED STATES RACETRACKS – listed alphabetically HOLDING EVENTS WITHOUT SPECTATORS - Fonner Park - Nebraska - Gulfsteam Park - Florida - Los Alamitos Race Course - California - Oaklawn Park - Arkansas - Remington Park - Oklahoma - Tampa Bay Downs - Florida - Will Rogers Downs - Oklahoma CLOSED TRACKS /CANCELED LIVE RACING UNTIL FURTHER NOTICE * - Aqueduct – New York - (currently serving as temporary hospital) - Arlington International Racecourse - Illinois - Belterra Park - Ohio - Buffalo Raceway – New York – (*expecting to restart racing May 2) - Cal Expo - California - Canterbury Park - Minnesota - Charles Town Races – West Virginia - Churchill Downs - Kentucky - Delaware Park Race Track - Delaware - Delta Downs Racetrack - Louisiana - Dover Downs - Delaware - Downs at Mohegan Sun Pocono, The - Pennsylvania - Emerald Downs - Washington - Evangeline Downs - Louisiana - Fairmount Park - Pennsylvania - Freehold Raceway – New Jersey - Golden Gate Fields - California - Grants Pass Downs - Oregon - Harrah’s Philadelphia - Pennsylvania - Harrah’s Hoosier Park - Indiana - Harrington Raceway - Delaware - Hawthorne Race Course - Illinois - Horseman’s Park – Nebraska - Indiana Grand Racing - Indiana - Isle Casino Racing Pompano Park - Florida - Keeneland Race Track - Kentucky - Laurel Park - Maryland - Lone Star Park - Texas - -
View Presentation
Jefferies Virtual Consumer Conference June 23 - 24, 2020 Forward-Looking Statements Certain statements made in this news release contain 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 typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, among others, that may affect actual results or outcomes include the following: • the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects • the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit • additional or increased taxes and fees • public perceptions or lack of confidence in the integrity of our business or any deterioration in our reputation • loss of key or highly skilled personnel • restrictions in our debt facilities limiting our flexibility to operate our business • general risks related to real estate ownership, including fluctuations in market values and environmental regulations • catastrophic events -
J.P. Morganchase Gaming, Lodging, Restaurant & Leisure Forum Las
J.P. MorganChase Gaming, Lodging, Restaurant & Leisure Forum Las Vegas, Nevada March 8, 2018 Bill Carstanjen, Chief Executive Officer Marcia Dall, EVP and Chief Financial Officer Forward-Looking Statements This unaudited pro forma financial information contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the “Act”) provides certain “safe harbor” provisions for forward-looking statements. All forward-looking statements made in this press release are made pursuant to the Act. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently. Although we believe that