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Churchill Downs completes acquisition of Chasers Poker Room in NH; set to build non-profit gaming facility in Salem

Gaming company and horse racing giant Churchill Downs Incorporated (CDI) announced on Monday that the company has completed its previously announced purchase of Hunters poker room in Salem, New Hampshire. The purchase of Chasers follows approval of the transaction by the New Hampshire Lottery Commission.

The company described Chasers as “New Hampshire’s premier charity gaming operator. Located approximately 30 minutes from downtown Bostonthe operator offers poker and a variety of table games. CDI plans to build an expanded charity gaming facility in Salem, with up to 800 gaming stations including historic racing machines (HRM) and tabletop games.

In a recent press release, CDI said it expects the total investment in Salem, including the purchase price, to be approximately $150 million.

Bill Carstanjen, President and CEO of CDIsaid: “We are thrilled to build on the success of Chasers with CDI’s proven excellence in historic horse racing operations and a new state-of-the-art facility. It is a privilege to have the opportunity to meaningfully support nonprofit organizations in New Hampshire as the premier gaming operator in charitable contributions.”

New Hampshire will be the fourth state in which CDI will operate historic horse racing. CDI currently operates HRMs in Kentucky and Louisiana, and will also operate HRMs in Virginia upon closing of the pending acquisition of Peninsula Pacific Entertainment (P2E).

Late last month, CDI said it was getting closer to buying Hard Rock Hotel & Casino Sioux City after receiving the green light from the Iowa Races and Gaming Commission. Unanimous approval marks milestone in company’s $2.75 billion takeover bid P2E, which owns the Hard Rock Casino and other racing and gambling properties in Virginia and New York. The deal was first announced by Churchill Downs in February this year, when CDI said it was quit the online casino and sports betting businesses.

Also in August, CDI announced an agreement to sell 49% of Plain tote, 100% subsidiary of CDI, to NYRA Content Management Solutions, a subsidiary of New York Racing Association (NYRA).