Churchill Downs has acquired a majority stake in Casino Salem in New Hampshire. Located about a 30-minute drive from Boston and The Mall at Rockingham Park. The acquisition did not disclose a price and will be financed through the existing credit line of Churchill Downs.
Casino Salem Purchase Enhances Churchill Downs Reach in New Hampshire
Sal Lupoli and Joe Faro, the original owners of Casino Salem, will retain a portion of ownership, while Churchill Downs continues managing the Chasers Poker Room close-by in Salem. This strategic move places Churchill Downs closer to the vibrant Boston market.
With this purchase, 100 historical horse racing machines and 13 table games will be added to Churchill Downs’s offerings. Churchill Downs aims to further expand the casino’s gaming floor, rebrand it, and introduce diverse food and beverage options.
Churchill Downs Eyes Expanding Casino Salem to Draw New England Gamers
CEO William Carstanjen of Churchill Downs shared his enthusiasm, stating,
“New Hampshire offers a thrilling opportunity, and this deal allows us to craft a regional hub to attract visitors to Salem from throughout the booming New England area.”
He hinted at future plans to create a sophisticated gaming and entertainment venue while supporting New Hampshire’s charitable organizations.
Joe Faro and Sal Lupoli, recognizing Churchill Downs as a top-tier gaming and entertainment company. Remain committed to boosting the local economy, generating employment, and elevating tourism by converting Casino Salem into a first-rate destination that will benefit the community long-term. This venture marks Faro and Lupoli’s debut in casino operations. Read more news about the industry and their ongoing projects.
The business partners also manage The Artisan Chef Manufacturing Co., and Lupoli is known for his 130 Sal’s Pizza franchises.
