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Gambling, & Poker News
Gambling, & Poker News
Elite Casino Resorts has completed the purchase of Catfish Bend Casino and FunCity Resort in Burlington, officially adding the two properties to its growing list of gaming and entertainment destinations.
Good to know
The deal transfers the assets and operations of Great River Entertainment to Elite Casino Resorts, bringing the Burlington venues back into the Kehl family’s orbit. The group’s portfolio already includes Riverside Casino & Golf Resort, Rhythm City Casino Resort, Grand Falls Casino & Golf Resort, Walker’s Bluff Casino Resort, Grand Island Casino Resort, and Lake Mac Casino Resort and Racetrack.
Elite Casino Resorts CEO Dan Kehl called the acquisition personal:
“This feels like coming home. Our family’s history with Burlington and Southeast Iowa goes back to the earliest days of Iowa gaming. Bringing Catfish Bend and FunCity back into the fold allows us to honor that past while building toward an exciting future of growth, investment and community partnerships.”
The Kehl family originally played a major role in launching Burlington’s casino industry during the state’s riverboat era, before selling those assets to Randy Winegard. Now, with Dan Kehl’s sons part of the family business, the return of Catfish Bend is being described as a homecoming.
Kehl added:
“Burlington and all of Southeast Iowa have always been close to our hearts. When Catfish Bend started in 1994, I moved my young family to Fort Madison to oversee riverboat operations. Now my sons are grown and part of the family business, and bringing this property back truly feels like a homecoming. Randy Winegard and Gary Hoyer have been great leaders for Catfish Bend and the community. We look forward to maintaining and building on their legacy.”
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