Gambling in the USA

Churchill Downs to acquire Clairvest’s Rivers Casino

Published

7 years ago

November 2, 2018

Niji Narayan

Churchill Downs to acquire Clairvest’s Rivers Casino

Photo Source: chicagobusiness.com

Reading Time: < 1 minute

Churchill Downs, the iconic US company that operates the famous Kentucky derby, is all set to acquire stakes in Rivers Casino, the leading casino in the US state of Illinois. The shareholders of Clairvest Group have all given their nod for the acquisition.

The proposed transaction is subject to regulatory approvals and is anticipated to close during 2019.

Neil Bluhm, principal of Rush Street Gaming, said: “Clairvest has been a great partner. They made the decision to invest in Rivers Casino in the depths of the financial crisis and it has been a very successful investment.”

“Clairvest has enjoyed an excellent partnership with Neil Bluhm and the entire Rush Street and Rivers Casino management teams. We look forward to working together on other gaming projects in the future.” commented Jeff Parr, Clairvest’s vice chairman.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.