Churchill Downs CEO Discusses Q3 2010 Results €“ Earnings Call Transcript

Churchill Downs Incorporated (CHDN)

Q3 2010 Earnings Call Transcript

November 4, 2010 9:00 am ET

Executives

Liz Harris – VP

Bob Evans – President and CEO

Bill Mudd – EVP and CFO

Rohit Thukral – EVP, Technology Initiatives; and President, TwinSpires.com

Bill Carstanjen – EVP and COO

Analysts

Steve Altebrando – Sidoti & Company

Ryan Worst – Brean Murray

Presentation

Operator

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Good day, ladies and gentlemen, and welcome to Churchill Downs Incorporated third quarter results conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. (Operator instructions) As a reminder, this conference call is being recorded. I would now like to hand the conference over to Ms. Liz Harris, Vice President of Churchill Downs Incorporated and Executive Director of CDI Foundation. Ma'am, you may begin.

Liz Harris

Thanks, Saeed. Good morning and welcome to this Churchill Downs Incorporated conference call to review the company’s results for the third quarter of 2010. The results were released yesterday afternoon in a news release that has been covered by the financial media.

A copy of the release announcing the results as well as any other financial and statistical information about the period to be presented in this conference call, including any information required by Regulation G, is available at the section of the company’s website titled Investors located at churchilldownsincorporated.com. Let me also note that a news release was issued advising of the accessibility of this conference call on a listen-only basis via phone and over the Internet.