William Carstanjen has never been to the Kentucky Derby. Yes, he’s seen the last 20 or so on television, but May 6 will mark the first time the general counsel of Churchill Downs Inc. (CDI) actually sees “the most exciting two minutes in sports” in person. Beyond the twin spires of Churchill Downs, CDI owns racetracks in Kentucky, Illinois, Florida and Louisiana; operates 22 off-track betting facilities; and owns an interest in various racing services companies. Before coming to CDI in July 2005, Carstanjen worked at General Electric Co., where he handled M&A work at the Fairfield, Conn., headquarters before serving as general counsel for a number of GE subsidiaries. He previously worked as a corporate associate at Cravath, Swaine and Moore.
From his offices in Louisville, Carstanjen, 38, talked to Corporate Counsel about Internet gambling, his job and how horse racing could be the new NASCAR.
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