Churchill Downs withdraws Waukegan casino bid hours after announcing Arlington Park sale
One of the state's most influential gambling companies withdrew its bid to win the right to open a new casino in Waukegan just hours after it announced it would sell Arlington International Racecourse to the Chicago Bears, officials said Thursday.
Churchill Downs Inc. confirmed the flashy $197.2 million agreement with the Bears Wednesday morning, a deal that -- if finalized -- ensures no rival casino developer breaks ground on the Northwest suburban oval that's only a short drive away from the company's premier Illinois cash cow: Rivers Casino in Des Plaines.
By Wednesday afternoon, Churchill Downs notified Illinois gambling regulators it was withdrawing its Waukegan casino license application that was submitted nearly two years ago as a joint venture with billionaire Rivers chairman Neil Bluhm's Rush Street Gaming.
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