At the time, board members said they wanted Churchill Downs to make a “good faith effort” to bring in more women and minority investors over the next 90 days so they would comprise up to 10 percent of the ownership interest. The Illinois Gaming Board gave its initial approval of the sale on March 1, pending the execution of final documents to seal the transaction. completed its $326 million acquisition of a majority stake in Rivers Casino in Des Plaines despite state gambling regulators concerns that the new ownership group does not include enough women and minorities. SPRINGFIELD - Kentucky-based Churchill Downs Inc.
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