Churchill Downs to acquire Clairvest’s Rivers Casino
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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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