Churchill Downs to acquire majority stake in Casino Salem

• Churchill Downs has completed agreements to acquire a substantial equity stake in Casino Salem, located in New Hampshire.

• The acquisition allows Churchill Downs to establish a charitable gaming, entertainment, and dining venue, indicating potential growth opportunities for the company.

• This strategic move represents a strong acquisition recommendation for Churchill Downs.

• The development aligns with the company's expansion goals in the gaming and entertainment sector.

Recommendation Rating: Strong Acquisition

Churchill Downs (NASDAQ: CHDN) has finalized agreements to acquire a significant portion of the equity interests in Casino Salem, a joint venture based in Salem, New Hampshire. As part of this agreement, Churchill Downs will have the opportunity to create a charitable gaming, entertainment, and dining venue. This development signals a promising expansion for the company. Source: Press Release