Churchill Downs Incorporated Names Michael Lilly President of TwinSpires Horse Racing

Rhea-AI Summary

Churchill Downs Incorporated (CDI) has promoted Michael Lilly to President of TwinSpires Horse Racing, effective June 27, 2024. Lilly will oversee the strategy and operations of TwinSpires Horse Racing, a leader in legal online horse betting and the official wagering partner of the Kentucky Derby. Lilly has been with CDI since 2018, starting as Senior Director of Finance at Arlington Racecourse, later advancing to Vice President of Finance in 2020, and Vice President of Finance and Operations in 2022. He holds a Bachelor of Arts from Northern Illinois University and an MBA from DePaul University.

Positive

• Michael Lilly's promotion to President of TwinSpires Horse Racing likely brings stability and continuity, given his six years of experience within CDI.
• Lilly's extensive financial and organizational leadership experience is expected to positively impact TwinSpires Horse Racing's strategic and operational goals.

Negative

• None.

LOUISVILLE, Ky., June 27, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that Michael Lilly has been promoted to President of TwinSpires Horse Racing, the leading provider of legal online horse betting sites and the official wagering partner of the Kentucky Derby. In this role, Lilly will be responsible for the overall strategy and operation of the TwinSpires Horse Racing business within CDI’s TwinSpires Segment.

Lilly brings over 20 years of financial experience and organizational leadership experience to the role. Lilly joined CDI in 2018 as the Senior Director of Finance at Arlington Racecourse before his promotion to Vice President of Finance of CDI’s TwinSpires Segment in 2020 and subsequent role as Vice President of Finance and Operations of the Company’s TwinSpires Segment in 2022. Prior to joining CDI, Lilly held several financial leadership roles in the Chicago area. He holds a Bachelor of Arts from Northern Illinois University and a Master of Business Administration from DePaul University.

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for over 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. www.churchilldownsincorporated.com/

Investor Contact: Sam Ullrich		Media Contact: Tonya Abeln
(502) 638-3906		(502) 386-1742
Sam.Ullrich@kyderby.com		Tonya.Abeln@kyderby.com

FAQ

Who is the new President of TwinSpires Horse Racing as of June 27, 2024?

Michael Lilly has been promoted to President of TwinSpires Horse Racing.

What is Michael Lilly's new role at Churchill Downs Incorporated (CHDN)?

Michael Lilly has been named President of TwinSpires Horse Racing.

What responsibilities will Michael Lilly have as President of TwinSpires Horse Racing?

Michael Lilly will be responsible for the overall strategy and operation of TwinSpires Horse Racing.

What financial and leadership experience does Michael Lilly bring to TwinSpires Horse Racing?

Michael Lilly brings over 20 years of financial and organizational leadership experience, having held several financial leadership roles in the Chicago area and served various capacities within CDI since 2018.

Where did Michael Lilly work before joining Churchill Downs Incorporated?

Before joining CDI, Michael Lilly held several financial leadership roles in the Chicago area.

What educational qualifications does Michael Lilly possess?

Michael Lilly holds a Bachelor of Arts from Northern Illinois University and a Master of Business Administration from DePaul University.