Churchill Downs Incorporated announced it has signed definitive agreements to acquire a majority of the outstanding equity interests in Casino Salem, a joint venture in Salem, New Hampshire. This acquisition includes the right to develop a charitable gaming, entertainment, and dining destination featuring historical horse racing machines (HRMs).
The initial phase of Casino Salem opened on July 9th, featuring approximately 100 HRMs and 13 live table games. CDI plans to finalize designs and begin construction on future phases, which will include rebranding the venue, expanding the gaming floor, and introducing several new food and beverage concepts.
The transaction will be financed using CDI's existing credit facility and is anticipated to close during the third quarter of 2025, pending approval from the New Hampshire Lottery Commission. This strategic acquisition expands CDI's high-margin HRM business into the New England market.
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