Churchill Downs Incorporated Names Alan K. Tse Executive Vice President And General Counsel

LOUISVILLE, Ky., March 10, 2011 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (" CDI or "the Company") (Nasdaq:CHDN) today named Alan K. Tse (pronounced 'SAY) executive vice president and general counsel for the Company. Tse will oversee all legal, corporate governance and compliance matters for CDI, reporting directly to President and Chief Executive Officer Robert L. Evans. Tse assumes his new duties on March 22.

Tse joins North America's premier racing, gaming and entertainment company after previously serving as vice president and general counsel for LG Electronics Mobilecomm U.S.A. Inc. ("LG") in San Diego, Calif., where he managed all legal affairs for the No. 2 cell phone manufacturer in the country with annual sales of more than $6 billion. During his tenure at LG, Tse directed the company's intellectual property strategy; managed relationships with government regulators, industry groups and alliances; and negotiated and managed all major sales and commercial contracts, including master purchase agreements with large telecommunications carriers such as Verizon Wireless, AT&T and Sprint Wireless. Tse also served as a member of LG's executive management committee. 

His professional history includes roles as vice president, general counsel and corporate secretary for Ligos Corporation, a worldwide leader in video compression software technology, and as general counsel and vice president of strategic development and corporate secretary for Centerpoint Broadband Technologies, an optical telecommunications networking systems provider. Through these assignments, Tse gained significant entrepreneurial experience by overseeing corporate development activities, including mergers, acquisitions and divestitures, while also arranging joint venture and partnership agreements, preparing for initial public stock offerings, and securing private-equity financing.

Tse's solid background in merger and acquisition ("M&A") activities grew from his experience as a corporate securities attorney at the Palo Alto, Calif., law firm of Brobeck Phleger & Harrison LLP. There he represented a number of high-profile public companies in all M&A transactions while also ensuring his clients were compliant with Securities and Exchange Commission rules and regulations.