CDI Expansion <\/strong><\/h2>\nRegulators permitting, CDI will make a cash payment of at least $326 million to various investor groups to acquire the controlling stake in MGH, which it will subsequently own jointly with Neil Bluhm\u2019s Chicago-based Rush Street Gaming.<\/p>\n
The Kentucky Derby-operator recently launched sports betting at its Harlow\u2019s and Riverwalk casinos in Mississippi, and last week debuted online in New Jersey, with the BetAmerica online real-money sports betting and online casino platform, in partnership with the Golden Nugget.<\/p>\n
In January, CDI completed its $178.9 million acquisition of Presque Isle Downs & Casino in Erie, Pennsylvania, opening the door to the state\u2019s newly formed land-based and online sports betting markets.<\/p>\n
Meanwhile, back home in the Bluegrass State, a bill to legalize sports betting and online poker advanced through a House committee last week, but it remains a longshot to become law.<\/p>\n
Beyond parimutuel betting at the Kentucky\u2019s famous racetracks and the lottery, opportunities to gamble in the state are few and far between. While lawmakers recently legalized historical horse racing<\/a>, gambling expansion bills tend to perish in the legislature — something that has spurred CDI to seek out pastures new.<\/p>\n","protected":false},"excerpt":{"rendered":"Kentucky-based Churchill Downs Inc (CDI) is hopeful that the Illinois Gaming Board will approve its acquisition of a controlling stake in Midwest Gaming Holdings (MGH) at a hearing this Friday, March 2. MGH is the parent company of the Rivers Casino in the Chicago suburb of Des Plaines — the state\u2019s top-performing casino — and […]<\/p>\n","protected":false},"author":36,"featured_media":99203,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,32093,1074],"tags":[],"acf":[],"yoast_head":"\n
Churchill Downs Close to Completing Rivers Casino Deal<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n