Two industry investors acquire Delaware Park Casino

Clairvest Group and Rubico Gaming have purchased the Delaware Park Casino, which is located in Wilmington and consists of over 100,000 square feet of gaming space

Clairvest Group and Rubico Gaming feature purchased the Delaware Mungo Park Casino, which is set inwards Wilmington and consists of over 100,000 square feet of gaming space.

Delaware Park is a multi-faceted gaming readiness that offers live seasonal racing and year-around simulcasting from around the globe; over 2,300 one-armed bandit machines on ii levels and a sports betting parlour. It’s the only when casino situated inwards New Castle County, the state’s most populated county.

The Mungo Park was sold by the Rickman family, who had owned it since 1983, and no purchase cost has been revealed, but a outlet from the mired entities said the sale is expected to live completed by the end of the year.

The casino’s Edward Douglas White Jr. Lucius Clay County Club testament remain under Rickman home ownership as it was not included in the sale.

According to Delaware River Lottery data, the gambling casino generated most $3.2m inwards meshwork gaming revenue inward 2020, along with drawing non-gaming revenue from nutrient and drink, amusement and more.

Clairvest Group is a Canadian River common soldier equity firm, spell Rubico is a gaming entity controlled by Lowell Thomas Benninger, the beginner of Global Leveraged Capital Advisors and a former Board fellow member of Caesars Entertainment.

Clairvest owns an unrevealed place in the Meadowlands Racing and Entertainment raceway and FanDuel sportsbook, on with having several investments inwards Chilean Gaming Holdings and the Zane Grey Eagle Resort and Casino inward Alberta.

In improver to investment in the Clairvest purchase of Delaware Park, Rubico Gaming lately completed the $22m purchase of Harrah’s Lousiana Downs racecourse and casino.