Churchill Lows Acquires Bulk Stake within Rivers Casino Des Plaines
Churchill Downs acquires ‘crown gem of Il gaming’ around latest acquisition deal within the US land-based casino area
Gambling organization Churchill Downs Incorporated introduced on Wed that it has reached a contract to order a majority position in Estuaries and rivers Casino Kklk Plaines for Des Plaines, Illinois. The transaction involves Churchill Downs’ acquisition of ‘certain of the ownership interests’ about Midwest Game Holdings, mother or company with the gaming wedding venuw.
Rivers Online casino Des Plaines first started out doors this years. The property is two mls from O’Hare International Airport, which is thus qualified to benefit from local and world passenger targeted visitors at on the list of busiest US airports. The particular casino contains a 44, 000-square-foot gaming bottom with virtually 1, 000 slot machines plus 58 table games as well as multiple food and coffee facilities as well as an event hospital.
Under the the deal, Churchill Downs definitely will assume control of at the least 50. 1% of Midwest Gaming but will pay only $500 million dollars in hard cash to complete the actual transaction. Churchill Downs possesses thus decided to have buy fully of the control stake during the Des Plaines-based casino’s father or company by Clairvest Collection affiliates and even co-investors pertaining to $291 trillion and additional models of Midwest Gaming at present owned by just High Plaines Gaming, the affiliate of significant gambling party Rush Road Gaming, that can result in a profit consideration involving no less than $326 million. Read more