Churchill Downs said it has agreed to buy a majority equity stake in Casino Salem, a charitable gaming venue in Salem, New Hampshire. The parties did not disclose financial terms, and the transaction is expected to close in the current quarter; local developers Joe Faro and Sal Lupoli will retain stakes.
The deal would give Churchill Downs majority ownership of a New Hampshire gaming venue and rights to develop it.
Quarter ended 30 September 2026
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It was reported that Churchill Downs intends to divest nine regional properties through separate transactions or smaller packages. The company has not given prices, buyers or a timetable, and expects proceeds to support debt reduction, investment and repurchases.
Churchill Downs said it is considering selling nine regional gaming properties in the United States and has engaged Macquarie Capital to assist. Chief executive Bill Carstanjen said the properties could be sold individually or in small groups; the company said it would use any proceeds to reduce leverage, reinvest selectively and fund share repurchases.
Churchill Downs said on 29 July that it was conducting a strategic review of its regional casinos, including a possible sale, in a filing with the US Securities and Exchange Commission. The company said the review does not guarantee a transaction and gave no timetable; it did not identify potential buyers.
Churchill Downs said it entered a definitive agreement to reacquire the 49% stake in United Tote it sold to a New York Racing Association unit in April 2024. The deal is scheduled to close on 5 August, with financial terms undisclosed, and extends NYRA’s use of United Tote systems through 2035.
Maryland elected to exercise its right to acquire intellectual property associated with the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST, reportedly, matching Churchill Downs’ agreed $85 million purchase price. Analysts also reported May New Jersey casino revenue of $265.6 million, sports betting revenue of $85 million and online casino revenue of $276 million.