New Hampshire presents “an thrilling alternative” says Churchill Downs, after sealing a definitive settlement to accumulate Chasers Poker Room.
The charitable gaming venue positioned in Salem, roughly half-hour from downtown Boston, debuted in 2017 and gives poker in addition to a wide range of desk video games.
In 2021, New Hampshire authorised present charitable gaming operators to supply historic horse racing at licensed services. Upon closing, CDI plans to develop an expanded charitable gaming facility to accommodate historic racing machines.
This may see the acquisition swell CDI’s HRM operations to a fourth state, constructing upon its present footprint in Kentucky in addition to pending venues in Virginia, upon closing of the pending acquisition of Peninsula Pacific Leisure, together with its affiliated Rosie’s Gaming Emporium HRM services, and Louisiana, upon enlargement into the corporate’s 14 present off monitor betting services.
Closing of the transaction, which is predicted to happen in the course of the second quarter of the yr, depends on customary closing situations, together with approvals from the New Hampshire Lottery Fee.
Beneath New Hampshire legislation, a portion of income from charitable gaming operations is allotted to nonprofit organisations licensed within the state.
“New Hampshire is an thrilling alternative for us, one that enables us to place our historic racing machine experience to work within the rising New England market,” stated Invoice Carstanjen, Chief Government Officer of CDI.
“We look ahead to sharing extra about our plans to construct an expanded, state-of-the-art gaming facility in Salem within the coming months.”
Final month, CDI disclosed its intention to withdraw from the B2C on-line sports activities betting and igaming house over the course of the following six months.
The operator states that the choice has been made because it doesn’t see a path that the enterprise mannequin delivers predictable and acceptable margins “for at the least a number of years”.