{"id":662,"date":"2025-07-14T23:15:38","date_gmt":"2025-07-14T23:15:38","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=662"},"modified":"2025-09-22T12:09:55","modified_gmt":"2025-09-22T12:09:55","slug":"churchill-downs-acquiring-majority-stake-in-new-hampshire-casino","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/07\/14\/churchill-downs-acquiring-majority-stake-in-new-hampshire-casino\/","title":{"rendered":"Churchill Downs Acquiring Majority Stake in New Hampshire Casino"},"content":{"rendered":"<ul>\n<li><strong>Company says it&#8217;s buying majority interest in Casino Salem<\/strong><\/li>\n<li><strong>Venue opened last week with expansion slated for the coming months<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Churchill Downs (NASDAQ: CHND) said today it notched agreements to acquire a majority equity interest in Casino Salem &#8212; a gaming venue located in the New Hampshire town of the same name.<\/p>\n<figure id=\"attachment_357391\" aria-describedby=\"caption-attachment-357391\" data-style=\"width: 430px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-357391 size-post-thumbnail-430xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Casino Salem\" width=\"430\" height=\"284\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/07\/CS2-430x284-1.jpg\"><figcaption>Slots players at Casino Salem in Salem, NH. Churchill Downs is acquiring a majority stake in the venue. (Image: <em>Eagle-Tribune<\/em>)<\/figcaption><\/figure>\n<p>Financial terms of the transaction, which is expected to close in the current quarter, weren\u2019t disclosed. Casino Salem is one of <a href=\"https:\/\/www.casino.org\/news\/new-hampshire-charitable-casino-to-open-this-week\/\">several charitable gaming venues<\/a> located in the Granite State.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>The initial phase of Casino Salem opened on July 9<sup>th<\/sup> with approximately 100 HRMs and 13 live table games. Over the coming months, 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,\u201d according to a statement from Kentucky-based Churchill Downs.<\/p>\n<\/blockquote>\n<p>The company has another New Hampshire venue &#8212; <a href=\"https:\/\/www.casino.org\/news\/new-hampshire-online-casino-bill-filed\/\">Chasers Poker Room<\/a>, also in Salem. That property will continue to be run independently of Casino Salem.\u00a0 Local developers Joe Faro and Sal Lupoli will retain stakes in the property.<\/p>\n<h2>Churchill Downs Capitalizing on Charitable Gaming Opportunity<\/h2>\n<p>As the term implies, <a href=\"https:\/\/www.casino.org\/news\/light-wonder-paying-850-million-for-charitable-gaming-assets\/\">charitable gaming<\/a> differs from the traditional counterpart at which Churchill Downs is steeped in experience, but it offers opportunity for operators.<\/p>\n<div class=\"callout\">\n<p>Charitable gaming features the monetary stakes and potential payouts associated with traditional casino wagering, but it differs in that it\u2019s not operated by a commercial or tribal operator or a government. Rather, it\u2019s run by a charity that farms out gameplay to a company such as Churchill Downs. It can be offered in various forms, including lotteries, table games, and slot machines.<\/p>\n<\/div>\n<p><strong>By acquiring majority interest in Casino Salem, Churchill Downs gains \u201cthe right to develop a charitable gaming, entertainment and dining destination featuring historical horse racing machines (HRMs). It\u2019s getting majority share of a property with enviable location.<\/strong><\/p>\n<p>\u201cCasino Salem is located at The Mall at Rockingham Park, which is approximately 30 minutes from downtown Boston,\u201d according to the press release.<\/p>\n<h2>More Details on Casino Salem Deal<\/h2>\n<p>While Churchill\u2019s New Hampshire assets often go overlooked relative to its Kentucky, Indiana, and Virginia gaming venues in terms of the <a href=\"https:\/\/www.casino.org\/news\/churchill-downs-flight-to-quality-idea-among-gaming-stocks\/\">broader investment thesis<\/a>, the New England state is exposure worth having, particularly when it comes to adding more, highly profitable HRMs.<\/p>\n<p>That\u2019s all the more pertinent following a Louisiana Supreme Court ruling that forced the operator to remove its HRMs in that state. Casino Salem can\u2019t pick up all of that slack, but it can help Churchill Downs mitigate some of that loss.<\/p>\n<p><strong>As for financing of the Casino Salem purchase, the buyer said it\u2019s using capital from an existing revolving credit facility. The deal must be approved by the New Hampshire Lottery Commission.<\/strong><\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/churchill-downs-acquiring-majority-stake-in-new-hampshire-casino\/\">Churchill Downs Acquiring Majority Stake in New Hampshire Casino<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company says it&#8217;s buying majority interest in Casino Salem Venue opened last week with expansion slated for the coming months Churchill Downs (NASDAQ: CHND) said today it notched agreements to acquire a majority equity interest in Casino Salem &#8212; a gaming venue located in the New Hampshire town of the same name. Slots players at Casino Salem in Salem, NH. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/662"}],"collection":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=662"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/662\/revisions"}],"predecessor-version":[{"id":665,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/662\/revisions\/665"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/664"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=662"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}