Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company has not renewed the management agreement for Lady Luck Casino Nemacolin (“Lady Luck Nemacolin”) in Farmington, Pennsylvania and has completed the sale of substantially all of its assets at Lady Luck Nemacolin to Woodlands Fayette, LLC for an immaterial sum. Woodlands Fayette, LLC manages Nemacolin Resort and will manage Lady Luck Nemacolin effective immediately. All of the employees of Lady Luck Nemacolin were offered positions by Woodlands Fayette, LLC.
This news release contains 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).
This news release contains 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).