Churchill Downs Expands Gaming Empire with Chasers Poker Room Acquisition in New Hampshire
Churchill Downs Incorporated expressed immense joy in declaring their formal acquisition of the Chasers Poker Room situated in Salem, New Hampshire. This purchase, which had been under discussion for some time, received approval from the New Hampshire Lottery Commission.
Chasers has gained popularity as a destination for poker and other table-based games, and its strategic position near Boston enhances its appeal. Churchill Downs has ambitious aspirations for the venue. They intend to convert it into a sprawling charitable gaming hub, featuring up to 800 of those captivating historical horse racing terminals, alongside all the traditional table games. Imagine the excitement of Las Vegas, but within the borders of New Hampshire!
This grand endeavor, encompassing the acquisition cost, is projected to require an investment of approximately $150 million. However, Churchill Downs Chief Executive Officer Bill Carstanjen appears optimistic about the venture. He eagerly anticipates introducing their proficiency in historical horse racing to Salem and crafting a premier gaming destination. He also underscored their dedication to aiding New Hampshire charitable organizations through this initiative.
This expansion into New Hampshire signifies the fourth state where Churchill Downs will manage historical horse racing operations. They already hold a significant presence in Kentucky and Louisiana, and with their latest acquisition of Peninsula Pacific Entertainment, they are poised to make a notable impact in Virginia as well.
The famed Kentucky Derby’s home, Churchill Downs Incorporated, is experiencing a banner year. Their trifecta of horse racing, internet wagering, and casino operations are thriving! The company recently declared record-breaking Q2 earnings for 2022, amassing a hefty $582.5 million. This represents a significant surge of $67.4 million over the corresponding period last year.
Much of this triumph can be attributed to the return of the Kentucky Derby to its full glory, following pandemic-related limitations in 2021. The Derby generated an astounding $2.313 billion more this year – a remarkable resurgence!
