Louisville's Churchill Downs completes Casino Salem purchase, eyes expansion project
In a noteworthy development, Churchill Downs, the renowned gaming and entertainment company, reported record-breaking results for Q2 2025. The company, under the leadership of CEO Bill Carstanjen, achieved all-time highs in both net revenue and adjusted EBITDA, though the exact figures were not disclosed in the search results.
This financial success is expected to bolster Churchill Downs' presence in the burgeoning New England casino market, particularly with the company's recent acquisition of the right to build a larger gaming and entertainment facility in Salem, New Hampshire.
The new facility, set to blend charitable gaming, dining, and live entertainment, will be a significant addition to Churchill Downs' portfolio. The project, which includes a rebranded property, an expanded gaming floor, and several new food and beverage outlets, is funded through the company's existing credit facility.
The financial gains from Q2 2025 provide a solid foundation for the investments planned in Salem. Churchill Downs has expressed its commitment to giving back to the local community, with plans to channel revenue from the new facility into various charitable organisations.
Construction work on future phases can begin with approval already secured from the New Hampshire Lottery Commission. The expanded venue is expected to strengthen Churchill Downs' reach in the region, offering a unique blend of entertainment and philanthropy.
As Churchill Downs continues to grow and evolve, it remains dedicated to delivering exceptional experiences for its customers while making a positive impact on the communities it serves. The company's Q2 2025 results and the upcoming Salem project are clear indications of this commitment.
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