Churchill Downs Incorporated Names Michael Meagher Senior Vice President of Gaming Operations

LOUISVILLE, KY (October 29, 2025) - Churchill Downs Incorporated ("CDI" or the "Company") (Nasdaq: CHDN) today announced the promotion of Michael Meagher to Senior Vice President of Gaming Operations, effective November 3, 2025. Meagher succeeds Maureen Adams, whose retirement was announced earlier this year. He will oversee operations at all gaming and HRM locations throughout the CDI portfolio, along with corporate gaming functions, including analytics, marketing and product performance. Meagher will report directly to Bill Mudd, President and Chief Operating Officer of CDI.

Meagher has served as Vice President of Gaming Operations since 2022, where he oversaw nine gaming properties across CDI's portfolio, including the development and successful grand opening of Terre Haute Casino Resort. In this role, he was instrumental in driving operational performance, enhancing guest experiences, and supporting the Company's continued growth in regional gaming markets.

Prior to that, Meagher served as Vice President of Finance, Gaming, partnering with property leadership teams to strengthen financial results and contributing to the modeling and analysis of acquisitions, greenfield developments, and property expansions. Before joining CDI, he held leadership roles with Pinnacle Entertainment as Vice President of Operational Excellence and Regional Director of Planning & Analysis, and earlier in his career held numerous finance positions at Horseshoe Southern Indiana. Meagher holds both Bachelor's and Master's degrees in Agricultural Economics from Purdue University.

"Michael is a proven operator with strong financial discipline and a deep, hands-on understanding of our properties," said Bill Mudd, President and Chief Operating Officer of CDI. "He has been instrumental in shaping strategy and execution across our gaming portfolio, and his leadership will ensure we continue to build on our momentum. We're confident Michael will drive continued growth and operational excellence across our gaming operations."