Delaware Park is a multi-faceted gaming facility that offers live seasonal racing and year-round simulcasting from around the globe; over 2,300 slot machines on two levels and a sports betting parlour. It’s the only casino located in New Castle County, the state’s most populated county.
The Park was sold by the Rickman family, who had owned it since 1983, and no purchase price has been revealed, but a release from the involved entities said the sale is expected to be completed by the end of the year.
The casino’s White Clay County Club will remain under Rickman family ownership as it was not included in the sale.
According to Delaware Lottery data, the casino generated about $3.2m in net gaming revenue in 2020, along with drawing non-gaming revenue from food and drink, entertainment and more.
Clairvest Group is a Canadian private equity firm, while Rubico is a gaming entity controlled by Thomas Benninger, the founder of Global Leveraged Capital Advisors and a former Board member of Caesars Entertainment.
Clairvest owns an undisclosed position in the Meadowlands Racing and Entertainment racetrack and FanDuel sportsbook, along with having several investments in Chilean Gaming Holdings and the Grey Eagle Resort and Casino in Alberta.
In addition to investing in the Clairvest purchase of Delaware Park, Rubico Gaming recently completed the $22m purchase of Harrah’s Lousiana Downs racetrack and casino.
