Churchill Lows Acquires The greater part Stake with Rivers Modern casino Des Plaines
Churchill Downs receives ‘crown jewel of Illinois gaming’ within latest acquisition deal with the US land-based casino living space
Gambling provider Churchill Downs Incorporated published on The day before the 24th that it offers reached an agreement to get hold of a majority pole in Estuaries and rivers Casino Des Plaines around Des Plaines, Illinois. The transaction includes Churchill Downs’ acquisition of ‘certain of the title interests’ of Midwest Playing games Holdings, parent or guardian company in the gaming wedding venuw.
Rivers Internet casino Des Plaines first opened up doors this years. The property is situated two kilometer after kilometer from O’Hare International Airport, as well as thus able to benefit from region and global passenger targeted visitors at one of several busiest ALL OF US airports. The very casino features a 44, 000-square-foot gaming bottom with pretty much 1, 000 slot machines and also 58 table games as well as many different food and tipple facilities and an event facility.
Under the terms of the deal, Churchill Downs will assume possession of not less than 50. 1% of Midwest Gaming and will eventually pay around $500 thousand in dollars to complete the actual transaction. Churchill Downs has thus consented to buy 100% of the property stake within the Des Plaines-based casino’s mother or company via Clairvest Group affiliates and co-investors with regard to $291 huge number of and additional products of Midwest Gaming already owned by just High Plaines Gaming, affiliates of main gambling set Rush Streets Gaming, that can result in a funds consideration involving no less than $326 million. Read more “Churchill Lows Acquires The greater part Stake with Rivers Modern casino Des Plaines”