We believe that wagering on horse racing done via the ADW channel will continue to grow. In this transaction, for many reasons including: shareholders who will be getting CDI stock We believe this transaction makes sense for CDI shareholders and, Inc. We use United Tote at Churchill Downs Race Track. is a leading advance deposit wagering (∺DW�) companies in the United States and is also, through its United Tote subsidiary, a leading tote system providers worldwide.

(∼DI�), has signed a definitive merger agreement under which we would acquire, Inc. I am very pleased to inform you that just moments ago we announced that Churchill Downs Incorporated, Evans, President and Chief Executive Officer of Churchill Downs The following email was sent to Churchill Downs employees from Robert L.

Pursuant to Rule 425 under the Securities Act of 1933