Rivers Casino Des Plaines Ownership
Churchill Downs Incorporated today announced that it has completed its previously announced purchase of certain ownership interests of Midwest Gaming Holdings, LLC, the parent company of Rivers Casino Des Plaines in Des Plaines, Illinois, for cash consideration of approximately $407 million. The casino isn't closing, and there's no change in ownership — it rebranded and transitioned to Rivers Casino Philadelphia Published October 29, 2019. Updated on October 30, 2019 at 10:20 am. During a recent conference call with shareholders, according to a yahoo.com report, CEO Bill Carstanjen said Rivers Casino has already notified the Illinois Gaming Board that it intends to expand the 1,200 gaming positions it currently offers at the Des Plaines casino to the full 2,000 allowable under new state law. The Rivers Casino Des Plaines is 14 miles from CDI-owned Arlington Park in Arlington Heights, Ill. CDI's purchase of 100 percent of the ownership stake in Midwest Gaming held by affiliates. Rivers Casino Des Plaines is one of 27 properties owned by Churchill Downs Incorporated and Rush Street Gaming, LLC. The following ownership information is a subset of that available in the Gaming Business Directory published by Casino City Press.
- Rivers Casino Des Plaines Ownership Maps
- Rivers Casino Des Plaines Ownership
- Rivers Casino Des Plaines Ownership Center
Churchill CEO William Carstanjen (Creidt: Getty Images and iStock)
The majority owner of Rivers Casino plans to bid on one of six new state-approved casino licenses and will expand its Des Plaines facility.
Churchill Downs said in an earnings call that it will spend $10 million early next year for the rights to allow betting on sporting events at Arlington International Racecourse and another $24 million to license 800 additional positions, according to Crain’s. The new law allows for up to 1,200 positions.
That will require Churchill’s Rivers Casino to expand the building’s footprint and parking garage, Churchill CEO William Carstanjen said. He did not answer an analyst’s question directly on whether Churchill will bid for one of the new casino licenses independently, with Rivers or another partner, Crain’s reported.
Earlier this year. Gov. J.B. Pritzker signed a sweeping state gambling bill into law, later prompting city leaders to suggest locations for a new Chicago casino away from Downtown.
Carstanjen did say on the earnings call that Churchill would apply to add gambling beyond horse-wagering at Arlington by the end of August.
Churchill, which owns 61 percent of Rivers Casino, has become a gambling giant in addition to operating racing venues and sponsoring the Kentucky Derby. [Crain’s] — Katherine Kallergis
Churchill CEO William Carstanjen (Creidt: Getty Images and iStock)
The majority owner of Rivers Casino plans to bid on one of six new state-approved casino licenses and will expand its Des Plaines facility.
Rivers Casino Des Plaines Ownership Maps
Churchill Downs said in an earnings call that it will spend $10 million early next year for the rights to allow betting on sporting events at Arlington International Racecourse and another $24 million to license 800 additional positions, according to Crain’s. The new law allows for up to 1,200 positions.
That will require Churchill’s Rivers Casino to expand the building’s footprint and parking garage, Churchill CEO William Carstanjen said. He did not answer an analyst’s question directly on whether Churchill will bid for one of the new casino licenses independently, with Rivers or another partner, Crain’s reported.
Earlier this year. Gov. J.B. Pritzker signed a sweeping state gambling bill into law, later prompting city leaders to suggest locations for a new Chicago casino away from Downtown.
Rivers Casino Des Plaines Ownership
Carstanjen did say on the earnings call that Churchill would apply to add gambling beyond horse-wagering at Arlington by the end of August.
Rivers Casino Des Plaines Ownership Center
Churchill, which owns 61 percent of Rivers Casino, has become a gambling giant in addition to operating racing venues and sponsoring the Kentucky Derby. [Crain’s] — Katherine Kallergis