Churchill Downs launches advanced wagering service
LOUISVILLE, Kentucky -- (PRESS RELEASE) -- Churchill Downs Incorporated (NASDAQ: CHDN) today announced that its new advance deposit wagering service ("ADW") TwinSpires will launch in time to accept wagers on the 2007 Spring Meet at Churchill Downs racetrack, including wagers on the 133rd renewals of the Grade I Kentucky Derby Presented by Yum! Brands on May 5 and the Kentucky Oaks (GI) on May 4.
The exact launch date for TwinSpires will be announced publicly within the next two weeks, along with all of the relevant information customers will need to sign up for TwinSpires accounts prior to the opening of Churchill Downs' Spring Meet on April 28, 2007.
"We are testing the TwinSpires site right now and will determine a launch date as soon as the testing phase has been completed," said Vernon Niven, executive vice president of technology initiatives for Churchill Downs Incorporated and president of TwinSpires. "The entire TwinSpires design team is excited to launch the site in time for spring racing at Churchill Downs and for the 133rd Kentucky Derby and Kentucky Oaks this May. We know racing fans are eager to learn more about our online wagering service and what will set it apart from other ADW platforms. We look forward to sharing that information with them in the very near future, including the specific information they'll need to apply for TwinSpires accounts. In the interim, we wanted to ensure that our customers knew TwinSpires would be ready to accept their wagers on the 'Greatest Two Minutes in Sports' and the highly competitive racing leading up to and following the Kentucky Derby this spring and summer at historic Churchill Downs."
Through TwinSpires, racing fans will be able to watch and wager on races from Churchill Downs racetrack, as well as races from tracks owned by Magna Entertainment Corp. and other popular racing venues as they join the TwinSpires line up. To receive the latest updates on TwinSpires, including news on the official launch date, customers are encouraged to visit the official TwinSpires Web site, www.twinspires.com, and enter their e-mail address to receive communications from the TwinSpires team.