Indiana Gaming Commission | Horse Racing Free Tips

Churchill Downs Incorporated announced Thursday that the Indiana Gaming Commission selected the Company's application for a casino owner's license to develop the Queen of Terre Haute Casino Resort in Vigo County, Indiana. The IGC unanimously voted to grant CDITH the sole Certificate of Suitability following a competitive proposal process that included applications from three other bidders.

“We are thrilled for this opportunity and honored for the trust that the Indiana Gaming Commission has placed in CDI and our plan to bring a true destination casino resort to West Central Indiana,” said Bill Carstanjen, Chief Executive Officer of CDI.

CDI's plan includes a $240 million investment that will feature 1,000 slot machines, 50 table games, a 125-room luxury hotel, a state-of-the-art TwinSpires Sportsbook and several food & beverage offerings. The concepts and design features for the approximately 400,000-square-foot Queen of Terre Haute development will reflect the unique heritage of Vigo County and the surrounding region.

“In the days ahead, we look forward to continuing our collaboration with local officials in Vigo County and the Indiana Gaming Commission as we work to turn our vision for the Queen of Terre Haute into a reality,” said Jason Sauer, Senior Vice President of Corporate Development for CDI.

The IGC will officially award CDITH the casino owner's license to operate an inland casino in Vigo County upon the final affirmation of the pending nonrenewal of the prior license holder. The Certificate of Suitability and future issuance of the license is subject to all Commission regulations, resolutions and orders.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. www.churchilldownsincorporated.com

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Churchill Downs Incorporated announced Wednesday that it has submitted a proposal to develop the Queen of Terre Haute Casino Resort, a destination gaming facility in Vigo County, Indiana. CDI has also filed an application to the Indiana Gaming Commission (“IGC”) seeking Indiana's open casino license for Vigo County.

“Churchill Downs has a 147-year track record of offering extraordinary entertainment experiences and has significant expertise developing premier casino and gaming properties throughout the United States,” said Bill Carstanjen, Chief Executive Officer of CDI. “We are proud to offer our vision for this world-class casino, a true destination resort designed to draw visitors and economic activity from across the Midwest to Terre Haute.”

The Queen of Terre Haute will feature up to 1,000 slot machines, 50 table games, a 125-room luxury hotel, a state-of-the-art TwinSpires sportsbook and several food & beverage offerings. From its name (inspired by Terre Haute's nickname as the “Queen City of the Wabash Valley”) to concepts and design features across the facility, the Queen of Terre Haute will reflect the unique heritage of Vigo County and the surrounding region.

“We appreciate the local encouragement we've received as we've evaluated this opportunity,” said Carstanjen. “In the days ahead, we look forward to making our case to the Indiana Gaming Commission as to why our proposal to build the Queen of Terre Haute is in the best interest of the residents and businesses of Terre Haute, Vigo County and the State of Indiana.”

An economic impact study conducted by economists at Purdue University estimates that the Queen of Terre Haute will generate $190 million in annual regional economic impact, including 1,000 construction jobs and 500 permanent jobs. According to the study, the project is expected to deliver a 2 percent annual increase in the West Central Indiana gross regional product.

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