Churchill Downs Acquires The vast majority Stake within Rivers Gambling establishment Des Plaines

Churchill Downs Acquires The vast majority Stake within Rivers Gambling establishment Des Plaines

Churchill Downs obtains ‘crown treasure of Illinois gaming’ in latest purchase deal with the US land-based casino room or space

Gambling organization Churchill Lows Incorporated launched on Saturday that it has got reached an arrangement to invest in a majority position in Estuaries and rivers Casino Des Plaines for Des Plaines, Illinois. Often the transaction will require Churchill Downs’ acquisition of ‘certain of the ownership interests’ involving Midwest Gaming Holdings, mother or company from the gaming area.

Rivers Gambling establishment Des Plaines first opened up doors in 2011 and probably still in 2012. The property can be found at two mls from O’Hare International Airport, as well as thus in a position to benefit from indigenous and worldwide passenger traffic at one of the busiest PEOPLE airports. The actual casino carries a 44, 000-square-foot gaming ground with practically 1, 000 slot machines plus 58 table games as well as numerous food and beverage facilities and even an event facility.

Under the terms of the deal, Churchill Downs can assume owners of as a minimum 50. 1% of Midwest Gaming and will pay a maximum of $500 zillion in funds to complete the very transaction. Churchill Downs features thus endorsed buy totally of the possession stake inside the Des Plaines-based casino’s mother or father company via Clairvest Group affiliates and even co-investors intended for $291 thousand and additional devices of Midwest Gaming now owned by means of High Plaines Gaming, affiliates of significant gambling group Rush Road Gaming, that can result in a capital consideration regarding no less than $326 million.