November 2nd, 2018.

Client: Rivers Casino

Source: Chicago Tribune

“The owner of Arlington Park racetrack has announced a bid to become majority stakeholder in the nearby gambling mecca, Rivers Casino in Des Plaines.

Churchill Downs Inc. said it will seek to acquire Illinois’ most lucrative casino for up to $500 million.

In addition to the Arlington Heights track, Churchill Downs operates several casinos and racetracks around the country, including its namesake in Louisville, home of the Kentucky Derby.

And the new acquisition, if approved, would seemingly be another jewel in its crown. Rivers Casino generates by far the most revenue and traffic of any Illinois casino — its adjusted gross receipts for September alone topped $37 million, while its closest competitor, the Grand Victoria in Elgin, tallied $14 million, according to Illinois Gaming Board figures.”

Read full article via the Chicago Tribune.