Churchill Downs receives approval to open Phase One of The Rose Gaming Resort

Churchill Downs, or CDI, announced that the company received approval from the Town of Dumfries to open Phase One of The Rose Gaming Resort with 1,650 historical racing machines, or HRMs. This number represents an increase of 500 HRMs from what CDI had previously announced. The Rose, located in Northern Virginia, is now scheduled to open by the end of September. The facility will also open with a 102-room hotel, eight food and beverage options and over 2,540 parking spaces. The total capital investment in the project to now expected to be $460M, with approximately $160M remaining to be spent as of December 31, 2023. The company will provide updated development plans for Phase Two at a later date. As part of CDI’s commitment to the Town of Dumfries, the company will make a one-time, $3.6M contribution to the town. CDI will also make a one-time $2M contribution to support the design and development of a new community center, in addition to the public park currently being built on site. The facility will also open with a 102-room hotel, eight food and beverage options and over 2,540 parking spaces. The total capital investment in the project to now expected to be $460M, with approximately $160M remaining to be spent as of December 31, 2023. The company will provide updated development plans for Phase Two at a later date. As part of CDI’s commitment to the Town of Dumfries, the company will make a one-time, $3.6M contribution to the town. CDI will also make a one-time $2M contribution to support the design and development of a new community center, in addition to the public park currently being built on site.