LOUISVILLE, Ky. (Jan. 23, 2012) – The Jockeys’ Guild and Churchill Downs Inc. reached a multi-year agreement to continue CDI support for the Guild and its member jockeys.
While terms of the agreement were not disclosed, CDI agreed to make payments to the Jockeys’ Guild to subsidize health insurance, life insurance and disability benefits for all jockeys who are members of the Guild and ride in the United States. CDI tracks include Churchill Downs Racetrack, Calder Casino & Race Course, Arlington Park and Fair Grounds Race Course & Slots.
“We sincerely appreciate the commitment made by CDI to support the benefits that impact our jockeys,” said Terry Meyocks, national manager of the Jockeys’ Guild. “This agreement will directly benefit approximately 950 active, retired and permanently disabled members. It is critical that we receive support from all of our racetrack partners within the industry. “
Currently, the Guild provides life insurance, AD&D insurance and temporary disability benefits to its active members, as well as life insurance and aid to the permanently disabled members.
Churchill Downs Incorporated (“CDI”) (NASDAQ: CHDN), headquartered in Louisville, Ky., owns and operates the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations and a poker room in Miami Gardens, Fla.; racetrack, casino and video poker operations in New Orleans,. La.; racetrack operations in Arlington Heights, Ill.; and a casino resort in Greenville, Miss. CDI also owns the country’s premier account-wagering company, TwinSpires.com, and other advance-deposit wagering providers; the totalizator company, United Tote; and a collection of racing-related telecommunications and data companies. Information about CDI can be found online at www.churchilldownsincorporated.com.
Jockeys’ Guild, Inc., the organization representing professional jockeys in American Thoroughbred and Quarter Horse racing, was founded in May, 1940 and has approximately 950 members, including active, retired disabled jockeys. The purpose is to protect jockeys, strive to achieve a safer racing environment, to obtain improved insurance and other benefits for members and to monitor developments in local, state and federal laws affecting the racing industry, and in particular, the jockeys.