Churchill Downs Inc was organized as a Kentucky corporation in 1928. It is a diversified provider of pari-mutuel horseracing, casino gaming, entertainment, & is the country’s premier source of online account wagering on horseracing e...vents. It offers gaming products through its casinos in Mississippi, its slot & video poker operations in Louisiana, its slot and poker operations in Florida, its slot and table games operations in Maine and its video lottery terminal joint venture facility in Ohio. On July 17, 2013, the Company completed its acquisition of Oxford in Oxford, Maine. The Company manages its operations through four operating segments: Racing Operations, which includes Churchill Downs Racetrack in Louisville, Kentucky, an internationally known thoroughbred racing operation and home of the Ke...ntucky Derby since 1875; Arlington International Race Course, a thoroughbred racing operation in Arlington Heights along with eleven off-track betting facilities in Illinois; Calder Race Course, a thoroughbred racing operation in Miami Gardens, Florida; and Fair Grounds Race Course (“Fair Grounds”), a thoroughbred racing operation in New Orleans along with twelve OTBs in Louisiana. Gaming, which includes Oxford Casino in Oxford, Maine, which it acquired on July 17, 2013. Oxford operates approximately 850 slot machines, 26 table games and various dining facilities; Riverwalk Casino Hotel in Vicksburg, Mississippi, which it acquired on October 23, 2012. Riverwalk operates approximately 710 slot machines, 22 table games, a five story, 80-room attached hotel, multi-functional event center and dining facilities; Harlow’s Casino Resort & Spa in Greenville, Mississippi, which operates approximately 750 slot machines, 13 table games, a five-story, 105-room attached hotel, multi-functional event center, pool, spa and dining facilities; Calder Casino, a slot facility in Florida adjacent to Calder, which operates approximately 1,140 slot machines and includes a poker room operation branded Studz Poker Club; Fair Grounds Slots, a slot facility in Louisiana adjacent to Fair Grounds, which operates approximately 620 slot machines; and Video Services, LLC, the owner and operator of approximately 780 video poker machines in Louisiana. Online Business, which includes TwinSpires, an Advance Deposit Wagering business that is licensed as a multi-jurisdictional simulcasting and interactive wagering hub in the state of Oregon; Fair Grounds Account Wagering, an ADW business that is licensed in the state of Louisiana; Velocity, a business that is licensed in the British Dependency Isle of Man focusing on high wagering-volume international customers; Luckity, an ADW business launched during October 2012 that offers real-money bingo with outcomes based on and determined by pari-mutuel wagers on live horseraces; Bloodstock Research Information Services, a data service provider for the equine industry; and Its equity investment in HRTV, LLC, a horseracing television channel. Other Investments, which includes United Tote Company and United Tote Canada, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs and other pari-mutuel wagering businesses; Bluff Media, a multimedia poker content brand and publishing company, acquired by the Company on February 10, 2012; Its equity investment in Miami Valley Gaming & Racing, LLC, a 50% joint venture harness racetrack and video lottery terminal facility in Lebanon, Ohio, which opened December 12, 2013. MVG has 1,600 video lottery machines; and Its other minor investments. The Company faces competition from a variety of sources for discretionary consumer spending including spectator sports and other entertainment and gaming options. Competitive gaming activities include traditional and Native American casinos, video lottery terminals, state-sponsored lotteries and other forms of legalized gaming in the U.S. and other jurisdictions and Internet-based interactive gaming and wagering, both legal.