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Press Release: Sports Bar Opening and Gaming Floor Expansion

Press Release: Sports Bar Opening and Gaming Floor Expansion

RIVERS CASINO DES PLAINES OPENS BETRIVERS SPORTSBAR AND FURTHER EXPANDS GAMING FLOOR

Illinois’ First Land-Based Casino Continues Expansion To Provide Enhanced Gaming Experience

Des Plaines, Ill. – Dec. 13, 2019 – Rivers Casino Des Plaines has opened its new 4,840 square foot stateof-the-art BetRivers SportsBar—which features a 47-foot-wide ultra HD LED video wall—and a new tablegame area on the casino floor.

The opening of the BetRivers SportsBar comes a few weeks after Rivers became the first casino in Illinois to move to land-based gaming and expand its gaming floor with additional gaming positions.

The BetRivers SportsBar will eventually be home to the casino’s sports book, once regulatory approval is granted by the Illinois Gaming Board. The BetRivers space was designed to provide an ultra-luxury viewing experience for Chicago’s sports fans looking for an engaging game-day experience.

“We’re proud to open the ultimate game-day destination for sports fans who want to have an elevated viewing experience at a world-class gaming destination,” said Greg Carlin, CEO of Rush Street Gaming. “The BetRivers SportsBar will be one of the most exciting locations to watch live sports anywhere in Chicago, while we wait for approval to offer legal sports wagering.”

In addition to the video wall, the SportsBar will feature ten 86-inch and four 75-inch HD televisions placed throughout the lounge offering patrons a panoramic view of live sports events. The new lounge will also have a full-service island bar with seating for 32; 26 bar-top video poker games; 32 leather lounge chairs and additional table seating options.

“The BetRivers lounge will provide an experience that rivals a live game-day stadium,” said Corey Wise, General Manager of Rivers Des Plaines. “We will offer sports fans a premium luxury experience with great visuals, acoustics, service and comradery with fellow sports fans.”

The BetRivers SportsBar was designed by Chicago-based DMAC Architecture, designers of luxury lounges at Rivers’ properties in New York state, Philadelphia and Pittsburgh.

In addition to opening the sports lounge, Rivers has been taking advantage of expansion opportunities afforded by Illinois’ recently enacted casino expansion law. Rivers reserved 800 additional gaming positions from the Illinois Gaming Board and has expanded its gaming floor within the footprint of the casino’s existing structure.

“Through this expansion, we’ve brought some of the newest and most-desired games to our expanded gaming floor, enhanced the customer experience throughout the facility and created a new state-of-the-art sports bar,” said Carlin. “The best is yet to come, and we are committed to remain one of the most unique regional gaming destinations in the country.”

The casino opened an additional table gaming area adjacent to the new sports lounge. In total, this phase of expansion has resulted in an increase of 115 electronic gaming devices and 8 table games. Other improvements, such as additional viewing screens have been added to the Lotus cocktail lounge in the center of the property and an expansion of the parking garage is expected to be complete by mid-summer 2020.

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About Rush Street Gaming

Founded by Neil Bluhm and Greg Carlin, Rush Street Gaming and its affiliates, headquartered in Chicago, Illinois, have developed and operate successful casinos in Niagara Falls, Ontario, Pittsburgh and Philadelphia, Pennsylvania, Des Plaines, Illinois (Chicago area) and Schenectady, New York. Rush Street Gaming and its affiliates has become one of the leading casino developers in the United States and operators of online casinos and sports books. Additional information at: www.rushstreetgaming.com

About Churchill Downs Incorporated

Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN), headquartered in Louisville, Ky., is an industryleading racing, online wagering and gaming entertainment company anchored by our iconic flagship event - The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville. We also own and operate the largest online horseracing wagering platform in the U.S., TwinSpires.com, and are a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines / video lottery terminals and 200 table games in eight states. We also operate sports wagering and iGaming through our BetAmerica platform in multiple states. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Information set forth in this news release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward-looking statements made in this presentation are made pursuant to the Act. 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 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 that could cause actual results to differ materially from expectations include the following: 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; 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 and system failures disrupting our operations; online security risk, including cyber-security breaches; inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; increases in insurance costs and inability to obtain similar insurance coverage in the future; inability to identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; number of people attending and wagering on live horse races; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; payment-related risks, such as risk associated with fraudulent credit card and debit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; work stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation related to injuries occurring at our racetracks; our inability to utilize and provide totalisator services; weather conditions affecting our ability to conduct live racing; increased competition in the horseracing business; changes in the regulatory environment of our racing operations; changes in regulatory environment of our online horseracing business; increase in competition in our online horseracing; uncertainty and changes in the legal landscape relating to our online wagering business; continued legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization; inability to expand our sports betting operations and effectively compete; failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment with respect to our mobile and online wagering products; increased competition in our casino business; changes in regulatory environment of our casino business; costs, delays, and other uncertainties relating to the development and expansion of casinos; and concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs