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CDI Names Michael Lilly President of TwinSpires Horse Racing

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Churchill Downs Incorporated (CDI) has announced that Michael Lilly has been promoted to President of TwinSpires Horse Racing, the leading provider of legal online horse betting sites and the official wagering partner of the Kentucky Derby. In this role, Lilly will be responsible for the overall strategy and operation of the TwinSpires Horse Racing business within CDI’s TwinSpires Segment.

Lilly brings over 20 years of financial experience and organizational leadership experience to the role. Lilly joined CDI in 2018 as the Senior Director of Finance at Arlington Racecourse before his promotion to Vice President of Finance of CDI’s TwinSpires Segment in 2020 and subsequent role as Vice President of Finance and Operations of the Company’s TwinSpires Segment in 2022. Prior to joining CDI, Lilly held several financial leadership roles in the Chicago area. He holds a Bachelor of Arts from Northern Illinois University and a Master of Business Administration from DePaul University.

Bill Carstanjen

CDI Opens Marshall Yards Racing & Gaming in Southwestern Kentucky

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Marshall Yards Racing & Gaming in southwestern Kentucky opened its doors to the public. It is the eighth historical horse racing and entertainment venue in the state for Churchill Downs Incorporated (CDI).

The 23,000 square foot venue in Calvert City, Kentucky features 225 state-of-the-art historical racing machines (HRM), a retail sportsbook, simulcast wagering, and various food and beverage offerings. The new HRM entertainment venue will support purse funding for Oak Grove Racing, Gaming & Hotel’s (Oak Grove) racing meet in Oak Grove, Kentucky.

“We are setting a new pace for growth as we expand CDI’s footprint in Southwestern Kentucky. Marshall Yards reflects our vision to build destination experiences that generate local economic opportunities, inspire regional tourism, and secure our place at the forefront of racing and entertainment,” said Bill Carstanjen, CEO of CDI.

The post CDI Opens Marshall Yards Racing & Gaming in Southwestern Kentucky appeared first on Americas iGaming & Sports Betting News.

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Bill Carstanjen

CDI Announces Development Plans for Casino in Salem, New Hampshire

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Churchill Downs Incorporated (CDI) has announced new development details related to its charitable gaming facility in Salem, New Hampshire. The company currently operates Casino Salem, located in 19,000 square-feet within The Mall at Rockingham Park. Casino Salem will be redeveloped as Rockingham Grand Casino.

Rockingham Grand Casino will occupy 160,000 square-feet over three floors and will feature 825 historical racing machines, 32 table games, 12 electronic table game seats, a 900-seat live entertainment venue, and several food and beverage concepts, including a center bar and full-service sports bar and restaurant. The Company received approval from the Salem Planning Board for its development plan in December.

Rockingham Grand Casino will be a key tenant of The Mall at Rockingham Park which is the largest shopping mall in New Hampshire. Rockingham Grand Casino is also positioned near Tuscan Village, a prominent mixed-use development offering dining, entertainment, retail shopping, residential areas, hotels, and commercial office space. CDI plans to open Rockingham Grand Casino in mid-2027, with an expected capital investment of $180-200 million.

“We are proud to officially begin our development of Rockingham Grand Casino in partnership with Joe Faro and Sal Lupoli. We look forward to contributing to New Hampshire’s charitable organizations while bringing outstanding entertainment experiences to our guests across the greater Boston region,” said Bill Carstanjen, Chief Executive Officer of CDI.

“We are excited to take the next step alongside our valued partners at Churchill Downs as we begin our journey to bring Rockingham Grand Casino to life. We remain fully committed to strengthening our local economy through the creation of vibrant consumer destinations,” said Joe Faro and Sal Lupoli.

The post CDI Announces Development Plans for Casino in Salem, New Hampshire appeared first on Americas iGaming & Sports Betting News.

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Bill Carstanjen

CDI Opens Terre Haute Casino Resort in Terre Haute, Indiana

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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.

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