Hot news

Dublinbet

Dublinbet

DublinBet.com is an innovative and classy casino and card room. It offers classic online casino game favourites plus some of the best live dealer games on the net for January 2012.

Through the latest webcasting technology you can interact with dealers from the privacy of your home (or office!). The sounds and dealer action is live from the Fitzwilliam Card Club and Casino, in Dublin Ireland. DublinBet's Distance Gaming® is a 'must try even if you're not fussed for live dealer games - try the unique early payout

+ More info...

888

888

Do you find it hard to get to a live casino to play poker? Then simply come to 888poker, the best poker online room in Australia and experience the same thing with no hassle.888 Casino is one of the most famous casinos in cyberspace, thanks to some of the most eye-catching promotions in the industry and an ongoing commitment to innovation. Owned and operated by a subsidiary of 888 Holdings plc, which is listed on the London Stock Exchange, 888 Casino was launched in 1997 and more than 25 million people have played here since.

+ More info...

365 Casino

365 Casino

Enjoy a huge selection of casino games at 365 Casino with monthly bonuses and weekly promotions, Play Blackjack, Roulette, Baccarat, Slots, and Video Poker and win big at 365 casino. 24hrs a day, 365 days a year Safe & secure with excellent Customer Service.

+ More info...

Elegance Casino

Smart Live Casino

The unique thing about Smart Live Casino is its live casino games. It offers live baccarat, live roulette and live blackjack where the player sees the dealer and the action unfold infront of his own eyes. They have a fully array of games as well as sports betting. The site also comes in a variety of languages.

+ More info...

Elgin's Grand Victoria Casino to sell for $327.5 million

E-mail Print PDF
Elgin's Grand Victoria Casino to sell for $327.5 million

Elgin’s Grand Victoria Casino is set to change hands later this year, and the prospective new owner is eyeing land near the casino for future development.

Reno, Nev.-based Eldorado Resorts said it entered into a definitive agreement to pay $327.5 million for the casino now owned by equal partners MGM Resorts International and RBG, a Pritzker family limited partnership.

Buying the Grand Victoria furthers Eldorado’s efforts to grow by acquisition and gain a foothold in the Chicago-area market. It also includes contiguous acreage that could be developed, the company said.

“Grand Victoria is one of the leading casinos in the Chicagoland market and is extremely well-maintained, which will allow us, upon closing, to focus on enhancing the guest experience and operating results without the need to undertake capital investments,” Gary Carano, chairman and chief executive office of Eldorado, said on a conference call Monday.

Eldorado also announced plans Monday to team up with Gaming and Leisure and acquire Tropicana Entertainment for $1.85 billion. Gaming and Leisure will pay roughly $1.21 billion and Eldorado will pay $64 million. Eldorado will manage the properties. Tropicana owns seven casinos in six states, including two in Nevada — the Tropicana Laughlin Hotel and Casino and the MontBleu Resort Casino & Spa in South Lake Tahoe — as well as properties in Indiana, Louisiana, Mississippi, Missouri and New Jersey.

Eldorado currently owns several casino properties in states including Missouri, Pennsylvania, Ohio, Nevada and Louisiana. “Following the completion of these transactions, Eldorado has grown from a company that just four years ago was comprised of two wholly owned properties and a 50 percent joint ownership interest … (in) a third property in just two states to a company now that owns 26 gaming properties in 13 states,” Carano said on the conference call.

The Grand Victoria, which received its license in 1994, had gross receipts of $168.7 million last year, up 3.4 percent from 2016, according to the Illinois Gaming Board. Tax revenue from the casino brought in $45 million to the state’s coffers, up 4.6 percent from 2016.

MGM said it acquired its 50 percent interest in the Grand Victoria in 2005, when it bought Mandalay Resort Group, formerly named Circus Circus Enterprises. Grand Victoria was originally a joint venture between Circus Circus Enterprises and Hyatt Gaming.

This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Twitter @corilyns

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNFRkUDbRlqNSEq4UOfo608mOn8e-w&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779870308114&ei=Q3HVWsimFYjShgGAip_oAw&url=http://www.chicagotribune.com/business/ct-biz-grand-victoria-casino-sold-20180416-story.html

You are here