Rush Street Gaming secures full ownership of Rivers Casino Pittsburgh in $1B deal
Rivers Casino Pittsburgh has changed hands after a major financial restructuring. The deal values the casino at nearly $1 billion and leaves Rush Street Gaming as its sole owner. This follows a $600 million private offering to fund the acquisition and clear existing debts.
The casino was previously co-owned by Walton Street Capital and High Pitt Gaming LP under Holdings Acquisition Co. Rush Street Gaming has now bought out these partners, taking full control. The transaction was completed using funds from a $600 million private placement by Rivers Enterprise Borrower.
Rivers Casino Pittsburgh remains a key player in Pennsylvania’s gaming market. In the 2024/25 fiscal year, it generated almost $371 million in revenue. The BetRivers Sportsbook alone contributed about $14.9 million to this total. Among the state’s casinos, it ranked third in slot win and fifth in table game revenue.
The property includes over 1,900 slot machines, 100 table games, and the BetRivers Sportsbook. Attached to the casino is The Landing Hotel, offering 219 guestrooms.
The recapitalisation marks a shift in ownership, with Rush Street Gaming now fully in charge. The casino’s strong revenue figures and expanded amenities position it as a major competitor in Pennsylvania’s gaming industry. The $991 million valuation reflects its standing in the market.
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