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Churchill Downs ( (CHDN) ) has provided an announcement.
On July 14, 2025, Churchill Downs Incorporated announced definitive agreements to acquire 90% of Casino Salem in New Hampshire for $180 million. This acquisition allows CDI to develop a charitable gaming, entertainment, and dining destination featuring historical horse racing machines. Local developers Joe Faro and Sal Lupoli will retain a 10% stake, contributing their expertise to the project. The initial phase of Casino Salem opened on July 9, 2025, and CDI plans to expand the venue further, aiming to draw patrons from the New England market and support local charitable organizations. The transaction is expected to close in the third quarter of 2025, pending regulatory approval.
The most recent analyst rating on (CHDN) stock is a Buy with a $167.00 price target. To see the full list of analyst forecasts on Churchill Downs stock, see the CHDN Stock Forecast page.
Spark’s Take on CHDN Stock
According to Spark, TipRanks’ AI Analyst, CHDN is a Outperform.
The overall score is driven by strong financial performance and effective cash flow management. The technical analysis and valuation are moderate, while corporate events reflect both achievements and challenges. Debt levels and economic uncertainties pose potential risks.
To see Spark’s full report on CHDN stock, click here.
More about Churchill Downs
Churchill Downs Incorporated (CDI) is a company known for creating entertainment experiences, most notably the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the acquisition and operation of live and historical racing venues, online wagering businesses, and regional casino gaming properties.
Average Trading Volume: 879,129
Technical Sentiment Signal: Sell
Current Market Cap: $7.64B
See more data about CHDN stock on TipRanks’ Stock Analysis page.