Churchill Downs Incorporated Chairman Carl F. Pollard Retires From Company's Board...

Mon Mar 21, 2011 9:01am EDT

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Churchill Downs Incorporated Chairman Carl F. Pollard Retires From Company's
Board of Directors

LOUISVILLE, Ky., March 21, 2011 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated
("CDI" or "the Company") (Nasdaq:CHDN) today announced that Carl F. Pollard,
chairman of CDI's board of directors, will not stand for reelection and will
retire from his position and from CDI's board directors on June 16, 2011.

Pollard joined CDI's board of directors in 1985 and has served as the Company's
chairman since 2001 when he replaced William S. Farish who resigned to become
U.S. Ambassador to England and Northern Ireland under President George W. Bush.
During Pollard's tenure, CDI completed the successful $121 million renovation of
Churchill Downs Racetrack; entered the account-wagering business with the launch
of TwinSpires.com and the acquisition additional advance-deposit wagering
platforms; and introduced casino gaming to the Company's portfolio of
businesses, with the construction of slot-machine gaming facilities in Louisiana
and Florida and the purchase of Harlow's Casino Resort & Hotel in Greenville,
Miss.

A long-time horse racing enthusiast, Pollard runs Hermitage Farm, a Thoroughbred
breeding operation in Goshen, Ky., which he purchased following the death of the
farm's original owner, Warner L. Jones Jr., the famed horsemen who also served
as chairman of CDI's board of directors from 1984 to 1992. Under Pollard's
direction, Hermitage Farm has gone on to produce numerous stakes winners,
including a member of Pollard's personal stable, Caressing, who won the 2000
Eclipse Award for 2-year-old fillies after claiming the Breeders' Cup Juvenile
Fillies at Churchill Downs that year. Pollard sold Hermitage Farm in 2010 but
continues to manage the Thoroughbred breeding operation there.

"It has been both an honor and a pleasure to serve as chairman of Churchill
Downs Incorporated and as a member of its board of directors during a period of
significant change and expansion for the Company," Pollard said. "CDI has
evolved from a racetrack in Louisville, Ky., into the premier racing, gaming and
entertainment company in the United States. We have diversified our holdings to
help the Company better address competitive challenges and thrive in an
ever-changing marketplace, while still growing the reach and relevance of our
iconic racing events, the Kentucky Derby and Oaks, which continue to set records
for attendance and wagering. The horse racing industry has long been my
professional pursuit and personal passion. I am very proud of what we have
accomplished during my time as chairman, and look forward to what the future
holds for Churchill Downs Incorporated."

"Carl Pollard has devoted much of his life to the improvement of Churchill Downs
Incorporated and the Thoroughbred industry," said Robert L. Evans, CDI's
president and chief executive officer. "His vision, drive and commitment to our
Company and his deep love of the sport of horse racing -- particularly the
Kentucky Derby and Kentucky Oaks -- are things I personally admire and hope to
emulate as I continue my career with the Company. CDI's board of directors,
senior management team, employees and shareholders everywhere owe a debt of
gratitude to Mr. Pollard for his clear direction, wise counsel and many years of
service to our collective cause. We will truly miss having him at CDI's helm."

A Kentucky native, Pollard began his career as a partner for the accounting firm
of Yeager, Ford & Warren in Louisville, which is now owned by Pricewaterhouse
Coopers. In 1968, he joined a small, but growing nursing home business and was
instrumental in its development into Humana Inc., now a Louisville-based Fortune
500 healthcare company. He held various senior positions within Humana,
including president and chief operating officer from 1991 to 1993. Pollard was
chairman and chief executive officer of Humana's hospital division, which was
spun off into a new company called Galen Health Care Inc. in 1993 and merged
later that year with Columbia Healthcare Corporation. Pollard served as chairman
of Columbia until 1994.

Pollard is a member of The Jockey Club and currently serves on the boards of DNP
Select Income Fund, Duff & Phelps Utility and Corporate Bond Trust, and DTF
Tax-Free Income Inc. He is also a member of the University of Kentucky
Development Council board. Pollard is a graduate of the University of Kentucky
and was named to the Hall of Distinguished Alumni in 1995.

Churchill Downs Incorporated ("CDI"), headquartered in Louisville, Ky., owns and
operates four world renowned Thoroughbred racing facilities: Arlington Park in
Illinois, Calder Casino and Race Course in Florida, Churchill Downs Racetrack in
Kentucky and Fair Grounds Race Course & Slots in Louisiana. CDI operates slot
and gaming operations in Louisiana, Florida and Mississippi. CDI tracks are host
to North America's most prestigious races, including the Arlington Million, the
Kentucky Derby and the Kentucky Oaks, the Louisiana Derby and the Princess
Rooney, along with hosting the Breeders' Cup World Championships for a record
eighth time on Nov. 4-5, 2011. CDI also owns off-track betting facilities,
TwinSpires.com, United Tote, television production, telecommunications and
racing service companies such as BRIS and a 50-percent interest in the national
cable and satellite network, HorseRacing TV, which supports CDI's network of
simulcasting and racing operations. CDI trades on the NASDAQ Global Select
Market under the symbol CHDN and can be found at
www.ChurchillDownsIncorporated.com.

CONTACT: Julie Koenig-Loignon
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         (502) 262-5461 (mobile)
         Julie.Koenig@kyderby.com