AMERISTAR CASINO is located approximately 104 miles from Danville. Visit AMERISTAR CASINO at 777 AMERISTAR BLVD. Phone number: (219) 378-3000. A recent state report found Illinois’ 10 existing casinos raked in about 3% less for the state in 2018 compared to the previous fiscal year, marking a seventh straight year of diminishing.
Hunton Andrews Kurth advised Golden Nugget LLC on the deal.
Golden Nugget LLC, an affiliate of Landry’s, LLC, announced its joint venture casino project with Wilmot Gaming Illinois, LLC, a privately held subsidiary of Wilmorite, a family-owned and operated commercial real estate development and management company. The joint venture, Danville Development LLC, plans to build, subject to regulatory approvals, a new Golden Nugget-branded casino in Danville, Illinois, that will also include a Landry’s steakhouse restaurant. This is Golden Nugget’s first joint venture on a casino project.
Additionally, Golden Nugget Online Gaming, Inc. (GNOG), Tilman Fertitta’s online gaming company, entered into an agreement with Danville Development for exclusive market access in Illinois for online sports wagering and iGaming, once legalized. That market access agreement will run for a 20-year term. Under the agreement, GNOG will also provide a $30 million mezzanine loan to Danville Development for the development and construction of the casino.
Casino Danville Il 2018 Calendar
The Hunton Andrews Kurth team for the Danville transaction included partners Mark Arnold (Picture) and Mark Young and associate Jason Antrican.
Casino Danville Il 2018 Schedule
Involved fees earner: Jason Antrican – Hunton Andrew Kurth; Mark Arnold – Hunton Andrew Kurth; Mark Young – Hunton Andrew Kurth;
Law Firms: Hunton Andrew Kurth;
Clients: Golden Nugget, Inc.;