Churchill Downs Incorporated Completes Acquisition of a Majority of Casino Salem Project in New Hampshire
Churchill Downs (NASDAQ:CHDN) has completed the acquisition of a majority stake in Casino Salem, a joint venture in Salem, New Hampshire. The initial phase of Casino Salem commenced operations on July 9th, 2025.
The acquisition, funded through CHDN's existing credit facility, will enable the company to expand its presence in New Hampshire's gaming market. The company plans to implement several strategic initiatives, including rebranding the venue, expanding the gaming floor, and adding new food and beverage concepts. The transaction received necessary approvals from the New Hampshire Lottery Commission.
Churchill Downs (NASDAQ:CHDN) ha completato l'acquisizione della quota di maggioranza di Casino Salem, una joint venture a Salem, nel New Hampshire. La prima fase di Casino Salem ha aperto il 9 luglio 2025.
L'acquisizione, finanziata tramite la linea di credito esistente di CHDN, permetterà all'azienda di rafforzare la propria presenza nel mercato dei giochi del New Hampshire. L'azienda intende avviare diverse iniziative strategiche, tra cui il rebranding della struttura, l'ampliamento dell'area giochi e l'introduzione di nuovi concept per cibo e bevande. L'operazione ha ottenuto le approvazioni necessarie dalla New Hampshire Lottery Commission.
Churchill Downs (NASDAQ:CHDN) ha completado la adquisición de una participación mayoritaria en Casino Salem, una empresa conjunta en Salem, New Hampshire. La primera fase de Casino Salem inició operaciones el 9 de julio de 2025.
La compra, financiada con la línea de crédito existente de CHDN, permitirá a la compañía ampliar su presencia en el mercado del juego de New Hampshire. La empresa planea llevar a cabo varias iniciativas estratégicas, incluyendo rebranding del local, ampliación del piso de juego y la incorporación de nuevos conceptos de alimentos y bebidas. La transacción recibió las aprobaciones necesarias de la New Hampshire Lottery Commission.
Churchill Downs (NASDAQ:CHDN)는 뉴햄프셔주 세일럼에 있는 합작회사인 Casino Salem의 과반 지분 인수를 완료했습니다. Casino Salem의 1단계 운영은 2025년 7월 9일에 시작되었습니다.
이번 인수는 CHDN의 기존 신용 시설을 통해 자금을 조달했으며, 이를 통해 회사는 뉴햄프셔 게임 시장에서의 입지를 확대할 계획입니다. 회사는 시설의 리브랜딩, 게임 플로어 확장, 새로운 식음료 콘셉트 도입 등 여러 전략적 조치를 시행할 예정입니다. 이 거래는 뉴햄프셔 복권위원회의 필요한 승인도 받았습니다.
Churchill Downs (NASDAQ:CHDN) a finalisé l'acquisition d'une participation majoritaire dans Casino Salem, une coentreprise située à Salem, New Hampshire. La première phase de Casino Salem a commencé ses activités le 9 juillet 2025.
L'acquisition, financée par la facilité de crédit existante de CHDN, permettra à la société d'étendre sa présence sur le marché des jeux du New Hampshire. L'entreprise prévoit de mettre en œuvre plusieurs initiatives stratégiques, notamment le rebranding du site, l'agrandissement de la surface de jeu et l'ajout de nouveaux concepts de restauration et de boissons. La transaction a obtenu les autorisations nécessaires de la New Hampshire Lottery Commission.
Churchill Downs (NASDAQ:CHDN) hat die Übernahme einer Mehrheitsbeteiligung an Casino Salem, einem Joint Venture in Salem, New Hampshire, abgeschlossen. Die erste Phase von Casino Salem nahm am 9. Juli 2025 den Betrieb auf.
Die Übernahme wurde über die bestehende Kreditlinie von CHDN finanziert und ermöglicht dem Unternehmen, seine Präsenz im Glücksspielmarkt von New Hampshire auszubauen. Das Unternehmen plant mehrere strategische Maßnahmen, darunter ein Rebranding des Veranstaltungsortes, die Erweiterung der Spielhalle und die Einführung neuer Gastronomie- und Getränkeangebote. Die Transaktion erhielt die erforderlichen Genehmigungen der New Hampshire Lottery Commission.
- Strategic expansion into New Hampshire's gaming market
- Existing operations already generating revenue since July 2025
- Plans for venue expansion and enhancement
- Acquisition funded through existing credit facility without new debt issuance
- Additional capital expenditure required for planned expansions and renovations
LOUISVILLE, Ky., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the “Company”) announced today that the Company has completed its previously announced purchase of a majority of the outstanding interests of a Salem, New Hampshire joint venture (“Casino Salem”) with the right to develop a charitable gaming, entertainment and dining venue.
The initial phase of Casino Salem opened on July 9th. CDI will finalize plans and commence construction of the future phases of the project, including a rebranding of the venue, an expansion of the gaming floor, and several food and beverage concepts.
The acquisition was funded with the Company’s existing credit facility. Closing of the transaction was subject to usual and customary closing conditions, including receipt of approval by the New Hampshire Lottery Commission.
About Churchill Downs Incorporated
Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has been creating extraordinary entertainment experiences for over 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the acquisition, development, and operation of live and historical racing entertainment venues, the growth of online wagering businesses, and the acquisition, development, and operation of regional casino gaming properties. www.churchilldownsincorporated.com
This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” “scheduled,” and similar words or similar expressions (or negative versions of such words or expressions), although some forward-looking statements are expressed differently.
Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit, including the impact of inflation; changes in, or new interpretations of, applicable tax laws or rulings that could result in additional tax liabilities; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; negative shifts in public opinion regarding gambling that could result in increased regulation of, or new restrictions on, the gaming industry; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation that competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and historical racing machine ("HRM") manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our sports betting business and effectively compete; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach including customers’ personal information could lead to government enforcement actions or other litigation; costs of compliance with increasingly complex laws and regulations regarding data privacy and protection of personal information; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; increases to interest rates (due to inflation or otherwise); disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.
We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
| Investor Contact: Sam Ullrich | Media Contact: Tonya Abeln |
| (502) 638-3906 | (502) 386-1742 |
| Sam.Ullrich@kyderby.com | Tonya.Abeln@kyderby.com |
This press release was published by a CLEAR® Verified individual.
FAQ
What did Churchill Downs (CHDN) acquire in New Hampshire?
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