Churchill Downs Incorporated (CHDN) has signed definitive agreements to acquire a majority stake in a Salem, New Hampshire joint venture, aiming to develop a charitable gaming, entertainment, and dining destination featuring historical horse racing machines.
The company will finance the Salem transaction using its existing credit facility, with the deal expected to close in the third quarter of 2025.
Casino Salem opened its initial phase on July 9th, offering approximately 100 historical racing machines and 13 live table games. Located at The Mall at Rockingham Park, about 30 minutes from downtown Boston, Casino Salem will continue to benefit from the expertise of local developers Joe Faro and Sal Lupoli, who will retain ownership and play a key role in its future success.
Bill Carstanjen, CEO of Caesars Digital Inc., highlighted the opportunity to create a regional destination attracting patrons from across the growing New England market.
