Under the conditions of the bargain, Churchill Downs will assume possession of at least 50.1percent of Midwest Gaming and will cover no more than $500 million in cash to finish the transaction.
The casino features a 44,000-square-foot gaming floor with almost 1,000 slot machines and 58 table games in addition to multiple food and beverage amenities and an event center. Rivers Casino Des Plaines first started doorways in 2011. The trade entails Churchill Downs’ acquisition of “certain of their ownership interests” of Midwest Gaming Holdings, parent company of the gaming venue. Gambling company Churchill Downs Incorporated announced on Wednesday that it has reached an agreement to purchase a majority stake in Rivers Casino Des Plaines at Des Plaines, Illinois. Churchill Downs acquires “crown Gem of Illinois Gambling ” in Most Recent acquisition deal within the US land-based casino Area
