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.
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 KallergisRecommend0 recommendationsPublished in