Churchill Downs Acquires Bulk Stake on Rivers Internet casino Des Plaines
Churchill Downs acquires ‘crown gem of The state of illinois gaming’ in latest acquisition deal while in the US land-based casino room
Gambling company Churchill Downs Incorporated introduced on Sunday that it offers reached a contract to get hold of a majority position in Estuaries and rivers Casino Des Plaines in Des Plaines, Illinois. Typically the transaction includes Churchill Downs’ acquisition of ‘certain of the ownership interests’ regarding Midwest Playing games Holdings, mom or dad company belonging to the gaming site.
Rivers Gambling establishment Des Plaines first exposed doors in 2011 and probably still in 2012. The property is situated two mile after mile from O’Hare International Airport, and is also thus allowed to benefit from household and foreign passenger traffic at one of the busiest ALL OF US airports. The casino comes with a 44, 000-square-foot gaming floorboards with close to 1, 000 slot machines in addition to 58 scratch cards as well as multiple food and cocktail facilities along with an event hub.
Under the the deal, Churchill Downs could assume usage of a minimum of 50. 1% of Midwest Gaming but will pay just around $500 zillion in hard cash to complete often the transaction. Churchill Downs features thus agreed to buy 100 percent of the ownership stake on the Des Plaines-based casino’s father or company out of Clairvest Team affiliates along with online-slots-reviews.com co-investors pertaining to $291 trillion and additional devices of Midwest Gaming already owned by way of High Plaines Gaming, an online marketing affiliate of serious gambling crew Rush Road Gaming, that may result in a dollars consideration regarding no less than $326 million. Read more