The news comes shortly after the company reported a $162 million Q2 revenue drop.
News & Analysis: Churchill Downs
Mandatory temperature checks for visitors and frequent surface cleaning are part of the plan.
It was an incredible month for Churchill Downs, as investors decided gambling wasn't going away.
The company frees itself of any future indemnity with the payment.
Betting jumped 185% year over year despite spectator-free stands.
Daily medical screening and stands empty of spectators will be the rule at these spring races.
CHDN earnings call for the period ending March 31, 2020.
A followup earnings call is scheduled for the morning of April 30.
A computer-simulated race will raise up to $2 million for COVID-19 relief.
All remaining employees, up to the highest levels, will see their salaries temporarily cut.