Churchill Downs Incorporated CEO Opens the Nasdaq Stock Market.NEW YORK -- Thomas H. Meeker, president and chief executive officer of Churchill Downs Incorporated Churchill Downs Incorporated (NASDAQ: CHDN) is the parent company of Churchill Downs. The company owns several other thoroughbred and standardbred racetracks. History (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CHDN) ("CDI" or "Company"), today ceremoniously cer·e·mo·ni·ous adj. 1. Strictly observant of or devoted to ceremony, ritual, or etiquette; punctilious: "borne on silvery trays by ceremonious world-weary waiters" Financial Times. opened The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The event celebrated the Company's 12th anniversary of trading on the stock market and provided a kickoff for the Kentucky Derby week festivities fes·tiv·i·ty n. pl. fes·tiv·i·ties 1. A joyous feast, holiday, or celebration; a festival. 2. The pleasure, joy, and gaiety of a festival or celebration. 3. that will culminate on Saturday, May 7, with the 131st running of the "Greatest Two Minutes in Sports." Joining Meeker at the NASDAQ's Times Square MarketSite were several of the Company's partners and associates within the racing industry and financial community. The event was broadcast live on various media outlets, including major financial networks. It marked the third time CDI has opened the NASDAQ market. "The NASDAQ market open provides an exciting opportunity to spread the fervor surrounding the Kentucky Derby to New York City, the financial and media capital of the nation and an incredible horse racing market," said Meeker. "It shines a national spotlight on our Company and our signature event, and sets the tone for one of sports' richest traditions that will unfold eight days from now before millions of fans worldwide. "Our presence on the NASDAQ and our growth as a Company is a testament to the equity we have built around the Kentucky Derby and continue to build around the Twin Spires brand. That equity has grown steadily since CDI joined the NASDAQ in 1993, and grew again over the past year with the acquisition of Fair Grounds Race Course Fair Grounds Race Course, often known as New Orleans Fair Grounds, is a thoroughbred racetrack and racino in New Orleans, Louisiana. History The track was initially opened as the "Union Race Course" in 1852. and the completion of our $121 million modernization of our flagship facility, Churchill Downs. We look forward to continuing our growth in partnership with the NASDAQ market, the racing industry, the financial community and our many shareholders." Since 1993, CDI has grown from one racetrack and approximately 75 racing dates per year to encompass seven racetracks in six states that in 2005 will host 688 days of racing. During the same period, the Company's market cap has more than tripled. Bruce Aust, executive vice president of NASDAQ, commented, "Churchill Downs Incorporated is an innovative and category-defining company which has experienced growth and applied technology to become a leader in the horse racing industry. We are thrilled to have Churchill Downs open the market today to mark yet another corporate milestone as they celebrate their 12th anniversary on the NASDAQ market." Churchill Downs Incorporated, headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues This is a list of horse racing venues, sorted by country. In the United States they are usually called horse racing tracks, and in most other English speaking countries they are usually called racecourses. throughout the United States. The Company's seven racetracks in California, Florida, Illinois, Indiana, Kentucky and Louisiana host 121 graded-stakes events and many of North America's most prestigious races, including the Kentucky Derby and Kentucky Oaks, Hollywood Gold Cup The Hollywood Gold Cup is a Grade I stakes race for thoroughbred horses inaugurated in 1938 at Hollywood Park Racetrack in Inglewood, California. It was run as a handicap race until 1997 when it was switched to weight-for-age conditions. and Arlington Million. CDI racetracks have hosted nine Breeders' Cup World Thoroughbred Championships - more than any other North American racing company. CDI also owns off-track betting facilities and has interests in various television production, telecommunications and racing services companies that support CDI's network of simulcasting and racing operations. CDI trades on the NASDAQ National Market under the symbol CHDN and can be found on the Internet at www.churchilldownsincorporated.com. |
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