Oct 31 (Reuters) - Clairvest Group Inc CVG.TO :
* CLAIRVEST ANNOUNCES PROPOSED SALE OF ITS INTEREST IN RIVERS CASINO
* RIVERS CASINO, SHAREHOLDERS HAVE ENTERED INTO AGREEMENTS WHEREBY CO'S INTERESTS IN RIVERS CASINO WILL BE ACQUIRED BY CHURCHILL DOWNS
* SALE OF CLAIRVEST'S INTERESTS IN RIVERS CASINO ARE EXPECTED TO INCREASE CVG'S BOOK VALUE BY ABOUT $1.40 PER SHARE