Tag: Churchill Downs Incorporated

CDI To Open Six Race And Sports Books At Kentucky Properties Sept. 7

The Kentucky Horse Racing Commission (KHRC) has approved temporary licenses for six Churchill Downs Inc. (CDI) properties to begin accepting in-person sports wagers on Thursday, Sept. 7, the company said via a release Wednesday morning.

CDI will operate Race and Sports Books at its racetracks and Historical Racing Machine (HRM) facilities in Kentucky which include:

CDI's new sports betting kiosks will be located among existing bar and simulcast areas for guests to place wagers. Each of CDI's HRM venues will implement a “Bet & Jet” feature that offers guests designated parking spaces for 15 minutes in order to quickly and easily place their in-person sports wager.

“CDI is excited to bring our experience operating retail sports wagering experiences to Kentucky with many thanks to the Kentucky General Assembly, Governor Beshear, the KHRC and the Kentucky Public Protection Cabinet for their efforts in making this a reality,” said Bill Carstanjen, CEO of CDI,”

In addition to retail sports betting, the KHRC also approved temporary licenses for three online sports wagering service providers that will operate in partnership with CDI's racetracks: FanDuel, Penn Sports Interactive and Fanatics. Approved service providers can begin accepting online wagers on Thursday, Sept. 28.

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Arlington Million Could Move to Colonial Downs

Churchill Downs Inc. has requested permission from the American Graded Stakes Committee to move the GI Arlington Million S., the GI Beverly D. S. and the GI Secretariat S. to Colonial Downs. The three races were fixtures at Arlington Park before that track closed in 2021. Last year, the Million and the Beverly D. were run at Churchill Downs.

The 2023 races are slated to be run on Aug. 12.

In November, it was announced that Churchill had acquired the assets of Peninsula Pacific Entertainment LLC, the owners of Colonial Downs.

“Churchill has made a request and the committee will review it,” said  Andy Schweigardt, secretary for the American Graded Stakes Committee. “They hope to have a meeting before Christmas to make a decision.”

Approving Churchill's request may not be a formality. Schweigardt explained that in order for the committee to grant approval to a track to move a graded race a number of factors have to be taken into account.

“They have a rule that covers this that was instituted many years ago,” he said. “We consider moves on a case-by-case basis. The basic requirements are that the new venue has to be in the same region as the old racetrack and the name, conditions, calendar date and purse of the relocated race have to be substantially similar to previous years.”

When asked if Colonial in Virginia is in the same region as Churchill and Arlington,  Schweigardt said: “To me, no. But that's just me. The previous tracks would be considered to be in the Midwest. I'm not sure Virginia would be considered the Midwest.”

The 2022 Secretariat was not run because Churchill was having issues with its turf course at the time and track officials wanted to limit the number of races run over it.

Colonial's turf course is a mile-and-an-eighth in circumference and is the widest grass course in North America.

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Colonial Shifting To Weekend Racing For 2023

The 2023 racing dates at Colonial Downs will hold steady at the same 27-program level that the turf-focused track ran this year, but the full first season under the ownership of the gaming company Churchill Downs, Inc. (CDI), will see a shift to Thursday-through-Saturday racing instead of the Virginia track's traditional Monday-through-Wednesday slot.

The number of racing dates had been a concern for mid-Atlantic horsemen who were leery about CDI bloating the racing schedule beyond what the region's horse population might be able to sustain.

Those concerns were raised back in July, when Bill Carstanjen, CDI's chief executive officer, said during a quarterly earnings conference call that it would be CDI's intent to expand the current boutique-styled summer race meet from 27 to 50 dates, for the purpose of maximizing the number of historical horse racing machines (HRMs) that it can operate throughout Virginia. A state law requires CDI to run one race date for every 100 HRMs.

“Over the next two to four years we expect to grow to up to 50 race dates as we reach 5,000 HRMs,” Carstanjen said in that July 28 call.

At that time, Frank Petramalo Jr., the executive director of the Virginia Horsemen's Benevolent and Protective Association, told TDN that given the current harmony among racing schedules in the mid-Atlantic, “it's important to continue a cooperative relationship between Virginia and Maryland and Delaware [and] certainly Pennsylvania….. We have a lot of racing [in the region] and a diminishing number of horses. We think the way to success is to try to rationalize racing programs.”

The July 13-Sept. 9 schedule for 2023 was approved unanimously Dec. 14 by the Virginia Racing Commission.

The highlight of the meet, the GII Virginia Derby, will be run on closing day.

The switch to Thursday-Saturday racing “will allow for more Virginians to attend and enjoy live racing,” Jack Sours, the vice president for CDI's gaming operations, said in a press release.

But nationally, Colonial's switch to different dates and a 1:30 p.m. Eastern first post will put it in direct competition with Saratoga Race Course, the nation's dominant summer simulcast signal, and up against another CDI-owned track, Ellis Park, on Saturdays and Sundays.

After being closed for six years, Colonial reopened under new management in 2019, ushering in the HRM-fueled purse era in Virginia and carving out a reputation as an independent “comeback” track whose niche was turf racing.

In February 2022, CDI commenced a deal to buy Colonial and its HRM network in a sale announced as $2.485 billion.

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CDI Names Gary Palmisano Executive Director of Racing

Gary Palmisano, Jr. has been promoted to Executive Director of Racing for Churchill Downs Incorporated, the company announced Monday. In this role, CDI says Palmisano will “support and enhance the Company's commitment to the U.S. Thoroughbred racing and breeding industry as well as focus on the implementation of standards and processes outlined in the Horse Racing Integrity and Safety Act” across CDI racing properties.

“Gary brings a wealth of varied industry experience that ideally positions him for success in this role,” said Bill Mudd, President and Chief Operating Officer at CDI. “In addition to strong relationships with key stakeholders, his unparalleled passion and vision for this sport will ensure that Churchill Downs and its racing assets remain progressive leaders in a rapidly-evolving industry.”

Prior to this promotion, Palmisano served in multiple roles at Churchill Downs Racetrack including Special Assistant to Track President, VIP Player Services Manager and, most recently, Director of Race Day Operations. Palmisano started his professional career in racing in Louisiana where he gained experience at Fair Grounds Race Course and with the Louisiana State Racing Commission.

“This opportunity is a lifelong dream realized for me,” said Palmisano. “Having grown up in the barn area of Fair Grounds Race Course with my dad, the late Gary Palmisano, Sr., being a longtime trainer and racing official, I quickly knew that racing would be my life's passion. Ever since moving to Louisville to pursue an Equine Business Degree at the University of Louisville and beginning my work as an intern at Churchill Downs Racetrack, I've maintained a focus on amassing as much knowledge as I could so I could serve the industry I love in a capacity like this.”

Palmisano's appointment as Executive Director of Racing will be effective immediately.

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