Churchill Downs, the iconic horse racing venue and home of the Kentucky Derby, has announced a $600 million funding round for expansion and growth opportunities. The funding will be used to enhance the overall experience for visitors, as well as to invest in new technology and infrastructure.

The expansion plans include the construction of a new hotel, additional gaming and entertainment options, and improvements to the existing facilities. The new hotel will feature 156 rooms and suites, as well as a rooftop bar and restaurant with stunning views of the racetrack. The additional gaming options will include a new sportsbook and a poker room, while the entertainment options will include a new concert venue.

In addition to the physical expansion, Churchill Downs is also investing in new technology to enhance the overall experience for visitors. This includes the implementation of a mobile app that will allow guests to place bets, order food and drinks, and access other amenities from their smartphones. The app will also provide real-time updates on race results and other important information.

The funding round is expected to create hundreds of new jobs in the Louisville area, both during the construction phase and once the new facilities are operational. It is also expected to generate significant economic activity for the region, as visitors from around the world flock to Churchill Downs to experience the excitement of horse racing and other entertainment options.

The announcement of the funding round comes at a time when Churchill Downs is experiencing record levels of attendance and wagering. The Kentucky Derby, which is held annually on the first Saturday in May, is one of the most prestigious horse races in the world, attracting thousands of visitors from around the globe.

Churchill Downs CEO Bill Carstanjen said in a statement that the funding round is part of the company’s long-term strategy to “create an unparalleled entertainment destination” that will attract visitors from around the world. He added that the expansion plans will “enhance our ability to host world-class events and provide our guests with an unforgettable experience.”

The funding round is expected to be completed in the coming months, with construction on the new facilities expected to begin shortly thereafter. With the addition of new amenities and technology, Churchill Downs is poised to remain one of the premier entertainment destinations in the world for years to come.