m_and_a
confidence high
sentiment neutral
materiality 0.50
Churchill Downs closes $180M acquisition of 90% stake in New Hampshire casino project
Churchill Downs Inc
- Acquired 90% equity interest in Casino Salem for $180M cash; funded by existing credit facility.
- Initial phase of charitable gaming and entertainment venue opened July 9; future phases include rebranding and gaming floor expansion.
- Transaction received New Hampshire Lottery Commission approval; CDI to finalize plans for additional food and beverage concepts.
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