Churchill Downs Incorporated names James E. "Ted" Gay President of Churchill Downs Interactive

LOUISVILLE, Kentucky -- (PRESS RELEASE) -- Churchill Downs Incorporated ("CDI" or the "Company") (CHDN) announced today, Monday, Oct. 8, 2012, that it has named James E. "Ted" Gay President of Churchill Downs Interactive, which will consist of the Company's online initiatives, including TwinSpires.com, Luckity.com and Bluff Media.

As part of this role, Gay will continue to oversee business development activities with respect to the Company's online initiatives. Gay is currently based in Louisville, Ky., but will relocate to Mountain View, Calif., in early 2013. Gay, who assumes his new duties immediately, will report directly to President and Chief Operating Officer William C. Carstanjen.

Gay joined the Company as director of business development in March 2003. He was promoted to vice president in June 2006 and to senior vice president of strategy and business development in January 2009. In March of 2012, Gay was promoted to senior vice president and chief strategy officer.

"Throughout Ted's tenure with the Company he has played a strong leadership role in the development of CDI's online strategy and initiatives. He was an essential part of our leadership team in the acquisitions of AmericaTAB and YouBet.com. He also led the acquisition of Bluff Media and currently oversees its operations. Most recently, Ted has led the strategic thinking behind, and development of, Luckity.com," Carstanjen said. "Ted has developed a deep level of experience and dynamic skill set that makes him the right person to take on this new position and help lead the Company further into the online space."

Gay, a Lexington, Ky., native, holds a bachelor's degree in economics from the University of Virginia. He currently serves on the board of Big Brothers Big Sisters of Kentuckiana.

Churchill Downs Incorporated ("CDI") (CHDN), headquartered in Louisville, Ky., owns and operates the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations and a poker room in Miami Gardens, Fla.; racetrack, casino and video poker operations in New Orleans, La.; racetrack operations in Arlington Heights, Ill.; and a casino resort in Greenville, Miss. CDI also owns the country's premier account-wagering company, TwinSpires.com; the totalisator company, United Tote; and a collection of racing-related telecommunications and data companies.