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ARLINGTON NOTES

Churchill Downs Inc. news release

Contact: Karl F. Schmitt Jr. (502) 636-4594
karls@kyderby.com

CHURCHILL DOWNS INCORPORATED CLOSES RACETRACKS AND OFF-TRACK BETTING FACILITIES SEPT. 11 AND 12, 2001

LOUISVILLE, Ky. (Sept. 11, 2001) -- Churchill Downs Incorporated (Nasdaq: CHDN) ("CDI") today suspended live racing and simulcast wagering at all its racetracks and off-track betting facilities ("OTB") at noon EDT. Additionally, all CDI live racing and simulcast-wagering operations will be closed on Wednesday, Sept. 12. A decision will be made by noon EDT on Wednesday, Sept. 12, concerning when CDI facilities will resume normal operations.

CDI President and Chief Executive Officer Thomas H. Meeker said the Company was suspending operations in light of today's tragic events.

"Churchill Downs Incorporated and its employees are deeply saddened by today's events, and we believe that it is in the best interests of our patrons, vendors and employees to close our live racing and simulcast wagering operations today and tomorrow," said Meeker. "Our thoughts and prayers are with the victims and their families."

Normal training hours will continue at all CDI-owned racetracks and training facilities. All employees and horsemen should enter through designated security entrances and will be required to present a photo I.D. before gaining admittance to the facility.

The Kentucky Derby Museum, adjacent to Churchill Downs racetrack in Louisville, Ky., will also be closed Sept. 11 and 12.

Simulcast wagering will be suspended Sept. 11 and 12 at the following CDI-owned facilities:

Facility Phone Number /Web site
Arlington Park: (847) 385-7500 / www.arlingtonpark.com
Calder Race Course: (305) 625-1311 / www.calderracecourse.com
Ellis Park: (812) 425-1456 / www.ellisparkracing.com
Hollywood Park: (310) 419-1500 / www.hollywoodpark.com
Hoosier Park: (765) 642-7223 / www.hoosierpark.com
Sports Spectrum - Louisville, Ky.: (502) 962-2200 / www.sportsspectrum.com
Trackside - Arlington Heights, Ill.: (847) 385-7500
Trackside - Chicago: (312) 787-9600
Trackside - Fort Wayne, Ind.: (219) 490-9006
Trackside - Indianapolis: (317) 656-7223
Trackside - Merrillville, Ind.: (219) 755-0000
Trackside - Quad Cities, Ill.: (309) 792-0202
Trackside - Rockford, Ill.: (815) 398-2300
Trackside - Waukegon, Ill.: (847) 336-1400

Live racing will be suspended on Wednesday, Sept. 12, at Arlington Park in Arlington Heights, Ill.

Patrons and interested parties are encouraged to contact their local facility or its respective Web site for more information on hours of operation for Thursday, Sept. 13.

Normal business hours for CDI employees will resume on Wednesday, Sept. 12. Visitors conducting business at CDI facilities must enter the respective racetrack or OTB at the facility's main security entrance.

Churchill Downs Incorporated - headquartered in Louisville, Ky. - is one of the world's leading horse racing companies. Its flagship operation, Churchill Downs, is home of the Kentucky Derby and will host the race's 128th running on May 4, 2002. The Company owns additional racetracks in Kentucky, Illinois, California and Florida and has interests in a pari-mutuel operation in Indiana as well as various racing services companies. 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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