Delaware Park sold to Clairvest Group Inc and Rubico Gaming
The Rickman Family has sold the racetrack and casino after 38 years.
US.- The horse racetrack and casino Delaware Park is being sold by the Rickman family after 38 years. The buyers are the Canadian private equity firm Clairvest Group and Rubico Gaming LLC. Rubico is a gaming entity controlled by Thomas Benninger, the founder of Global Leveraged Capital Advisors and a former board member of Caesars Entertainment.
Delaware Park president Bill Fasy said there would be no immediate changes in day-to-day operations. He would not comment on the sale price.
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.
The sale is expected to complete by the end of the year. The property will be the 30th racetrack or casino venue that Clairvest has taken on whether through a direct buy-out or a stake. Regulators will need to approve the deal.
