The Rickman family has sold the horse racetrack and casino Delaware Park to Clairvest Group and Rubico Gaming LLC.
US.- Clairvest Group and a newly formed subsidiary of Rubico Gaming LLC, run by gaming investor Thomas Benninger, have completed their acquisition of the horse racetrack and casino Delaware Park. Former owners the Rickman family held the property for 38 years.
Canada’s Clairvest Group has invested $71m for a majority interest in the business while Clairvest Equity Partners VI’s put in $19m. It’s not clear how much Rubico Gaming has invested.
Michael Wagman, president and a managing director of Clairvest Group, said in a statement: “The Clairvest team is excited by the growth prospects at Delaware Park. We look forward to partnering with Thomas Benninger, an experienced gaming investor, to continue the stewardship of this unique property.”
The 100,000-square-foot Delaware Park Casino features more than 2,000 slot machines, 40 table games, a poker room, and a sportsbook. The purchase does not include the casino’s White Clay Country Club, which will remain under the Rickman family’s ownership. William Rickman Sr, who died in 2005, bought the racetrack in 1983.