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• River Casino Des Plaines Il
• Rivers Casino Des Plaines Ownership Form
• Rivers Casino Des Plaines Reviews

Rivers Casino is a casino in Des Plaines, Illinois, United States, a northern suburb of Chicago. It is minutes away from O'Hare International Airport. Rivers Casino opened on July 18, 2011. It is majority-owned by Churchill Downs Inc., and managed by its minority owner, Rush Street Gaming.

Gambling company Churchill Downs Incorporated announced on Wednesday that it has reached an agreement to buy a majority stake in Rivers Casino Des Plaines in Des Plaines, Illinois. The transaction involves Churchill Downs’ acquisition of “certain of the ownership interests” of Midwest Gaming Holdings, parent company of the gaming venue. Des Plaines was awarded the gaming license in 2008. The city approved zoning in early 2010. The casino opened in July 2011 as Rivers Casino. In 2019, Churchill Downs Inc., which owned the nearby Arlington Park racetrack, purchased a 62 percent stake in the casino from Bluhm and his partners for $407 million.

• The official further pointed out that Rivers Casino in Des Plaines is one of the most dynamic and successful properties in the whole of the United States. Churchill Downs expects to pay $407 million in cash for the majority stake in the casino’s parent company. As mentioned above, the casino and racetrack owner is buying a nearly 62% stake, up from the initial plan for a 50.1% stake.
• SPRINGFIELD - Kentucky-based Churchill Downs Inc. Completed its $326 million acquisition of a majority stake in Rivers Casino in Des Plaines despite state gambling regulators' concerns that the.
• Churchill Downs Inc announces deal to pay up to $500m for 'at least' a 50.1% stake in the Rivers Casino Des Plaines in Illinois. Control Rivers Des Plaines. The same ownership interest.
• Posts about Rivers Casino -Des Plaines, IL. My Danville hometown casino’s 🎰 investors must still disclose all backroom ownership deals, including equity positions in the proposed Interstate 74 site that hugs the Indiana State Line. This 2001 Gaming Commission gave Rosemont’s license to the Des Plaines Rivers’ Casino on a site where.
• Des Plaines was awarded the gaming license in 2008. The city approved zoning in early 2010. The casino opened in July 2011 as Rivers Casino. In 2019, Churchill Downs Inc., which owned the nearby Arlington Park racetrack, purchased a 62 percent stake in the casino from Bluhm and his partners for $407 million.

The building sits above a few inches of water in a shallow pit. This was created for the casino to comply with state law, intended to legalize riverboat gambling.^[1]

History[edit]

In 2008, the Illinois Gaming Board awarded the state's 10th and last casino license to Midwest Gaming and Entertainment LLC, a group led by Neil Bluhm,^[1] to build a 140,000-square-foot (13,000 m²) casino on approximately 21 acres (8.5 ha) adjacent to the Tri-State Tollway at the northwest corner of Devon Avenue and Des Plaines River Road. Des Plaines was awarded the gaming license in 2008. The city approved zoning in early 2010. The casino opened in July 2011 as Rivers Casino.

In 2019, Churchill Downs Inc., which owned the nearby Arlington Park racetrack, purchased a 62 percent stake in the casino from Bluhm and his partners for $407 million.^[2][3]

References[edit]

1. ^ ^abChicago Tribune: 'Des Plaines casino goes Vegas to corner upscale Chicago market' by Jennifer Delgado and Robert McCoppin July 15, 2011
2. ^Form 10-K: Annual Report (Report). Churchill Downs Inc. February 27, 2019. p. 5 – via EDGAR.
3. ^'Churchill Downs Incorporated completes purchase of stake in Rivers Casino Des Plaines in Illinois' (Press release). Churchill Downs Inc. March 5, 2019 – via EDGAR.

The owners of Des Plains’ Rivers Casino have shown interest in building a casino in Waukegan.

Churchill Downs Inc. and Rush Street Gaming revealed on August 22nd that they are to enter the competition for a Waukegan casino operating license as part of the massive gambling expansion which the Governor or Illinois officially signed into law earlier this summer.

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The two gambling giants, who jointly own and operate Arlington International Racecourse and Des Plaines’ Rivers Casino, shared that, if given the green light, their proposed new entity is to be called Rivers Casino Waukegan. The project for the casino involves 1,625-gaming positions and is expected to create more than 900 construction jobs and over 1,200 jobs after construction works are finalized, according to the news release issued by the two companies to announce the plan. Apart from that, the Rivers Casino Waukegan would feature a poker room, which is not currently available in the group’s Des Plaines casino.

The companies have been considering the Fountain Square property, which is owned by the city and has been pointed as one of the most suitable spots to host a casino. As a matter of fact, a casino construction there was proposed by supporters of gambling expansion more than ten years ago, but Illinois legislators decided to grant the casino license to the city of Des Plaines, which hosted the Rivers Casino in 2011.

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The two companies said they would be pleased to be taken into consideration as developers and operators for the new gambling destination not only for the city, but also for Lake County and Illinois as a whole.

Illinois Gaming Board to Make the Final Decision on Issuing the Casino License

According to preliminary estimates provided by Churchill Downs Inc. and Rush Street Gaming, their casino project could bring over $150 million to the local economy every year.

River Casino Des Plaines Il

So far, six groups have entered the competition for a casino license in the city of Waukegan, as revealed by local officials who are expected to unveil a list of the frontrunners in the upcoming week. Then, the city is set to recommend one or more of these finalists to the state’s gambling regulatory body – the Illinois Gaming Board – by October 26th. It is the gambling regulator of Illinois which has the final decision on issuing a license.

Rivers Casino Des Plaines Ownership Form

The joint venture between Rush Street and Churchill Downs Inc. has been the fourth group to announce their interest in building and operating a new Waukegan-based gambling venue. The rest of the companies which have announced they are among the bidders for the project are Full House Resorts Inc., Potawatomi Hotel & Casino and North Point Casino.

Rivers Casino Des Plaines Reviews

The proposals for ownership of the new casino in Waukegan has been made possible with the long-expected gambling expansion of the state, which Illinois Governor J.B. Pritzker signed into law in June 2019. Under the expansion, legislators granted Chicago, Rockford, Waukegan, as well as three other locations in the state with permission to establish new casinos.