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Churchill Downs Acquires Most Stake for Rivers Internet casino Des Plaines

Churchill Downs obtains ‘crown gem of Illinois gaming’ inside latest buy deal within the US land-based casino space

Gambling firm Churchill Downs Incorporated publicised on Wednesday that it seems to have reached a to purchase a majority spot in Brooks Casino Kklk Plaines inside Des Plaines, Illinois. Often the transaction involves Churchill Downs’ acquisition of ‘certain of the owners interests’ associated with Midwest Playing games Holdings, mom or dad company belonging to the gaming area.

Rivers Gambling establishment Des Plaines first opened up doors in 2011 and 2012. The property is found two a long way from O’Hare International Airport, as well as being thus allowed to benefit from region and overseas passenger targeted traffic at among the list of busiest US airports. The actual casino includes 44, 000-square-foot gaming floor with just about 1, 000 slot machines as well as 58 scratch cards as well as multiple food and refreshment facilities as well as an event center.

Under the terms of the deal, Churchill Downs can assume property of at least 50. 1% of Midwest Gaming but will pay just $500 million dollars in cash to complete the transaction. Churchill Downs features thus decided to buy totally of the title stake within the Des Plaines-based casino’s father or company by Clairvest Collection affiliates in addition to co-investors regarding $291 zillion and additional units of Midwest Gaming currently owned by means of High Plaines Gaming, affiliates of important gambling set Rush Road Gaming, that should result in a funds consideration about no less than $326 million. 続きを読む »

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