Churchill Downs Acquires Vast majority Stake throughout Rivers Online casino Des Plaines
Churchill Downs acquires ‘crown jewel of Il gaming’ in latest acquire deal with the US land-based casino area
Gambling corporation Churchill Lows Incorporated released on Wednesday that it includes reached a to purchase a majority stake in Brooks Casino Des Plaines within Des Plaines, Illinois. The transaction entails Churchill Downs’ acquisition of ‘certain of the use interests’ connected with Midwest Game Holdings, parent company within the gaming platform.
Rivers Gambling establishment Des Plaines first opened doors in 2011. The property is positioned two mile after mile from O’Hare International Airport, as well as being thus allowed to benefit from local and world passenger page views at one of the busiest US airports. Typically the casino comes with a 44, 000-square-foot gaming floor with approximately 1, 000 slot machines plus 58 scratch cards as well as many food and drink facilities along with an event center.
Under the the deal, Churchill Downs can assume title of as a minimum 50. 1% of Midwest Gaming and often will pay a maximum of $500 zillion in hard cash to complete often the transaction. Churchill Downs has got thus agreed to buy fully of the use stake while in the Des Plaines-based casino’s mom or dad company by Clairvest Team affiliates and even co-investors intended for $291 zillion and additional contraptions of Midwest Gaming now owned through High Plaines Gaming, an internet affiliate of key gambling class Rush Lane Gaming, that can result in a profit consideration about no less than $326 million. Read more