Churchill Downs Incorporated completed the acquisition of a majority stake in the Casino Salem project in New Hampshire.
The acquisition includes the right to develop a charitable gaming, entertainment, and dining venue.
The initial phase of Casino Salem opened on July 9th, with plans for future phases including an expansion of the gaming floor and new food and beverage concepts.
Acquisition Completion
CDI finalized the purchase of a majority of the outstanding interests of Casino Salem with plans for further development.
Expansion Plans
Future phases of the project will involve rebranding, expanding the gaming floor, and introducing new dining concepts.
Funding Source
The acquisition was funded through Churchill Downs Incorporated's existing credit facility.
- The acquisition enhances CDI's presence in the regional casino gaming sector.
- The development of Casino Salem provides opportunities for revenue growth and diversification of entertainment offerings.
Churchill Downs Incorporated's acquisition of Casino Salem project strategically expands its portfolio and strengthens its position in the entertainment industry.