Casino operator Boyd Gaming this week introduced that it has entered into an settlement to promote Eldorado Casino in Henderson, Southern Nevada.
The firm will unload the playing venue to DeSimone Gaming for an undisclosed quantity. A spokesperson confirmed the deal however didn’t reveal further particulars about it.
Eldorado Casino can be DeSimone Gaming’s second property in Henderson. The firm presently owns Railroad Pass Hotel, Casino & Travel Center, which is understood to be the oldest operating on line casino in the town.
After promoting Eldorado Casino, Boyd will personal 11 playing venues in Nevada. The downtown Henderson on line casino is certainly one of three Boyd properties that haven’t resumed operations because the statewide closure of casinos and different non-essential companies that went into impact in March as a part of Nevada’s efforts to curb the unfold of the coronavirus. The firm’s different casinos which can be but to reopen are Eastside Cannery Casino-Hotel and Main Street Station Casino, Brewery & Hotel, each positioned in Las Vegas.
In August, Boyd filed paperwork with the Henderson City Council to increase the non permanent closure of Eldorado via June 2021 citing the Covid-19 pandemic and its destructive affect. The firm joined rival on line casino operator Station Casinos in placing its gaming license in non-operational standing till mid-2021.
During an October earnings name with buyers, Keith Smith, President and CEO of Boyd Gaming, stated that the corporate would in all probability reopen Main Street Station and Eastside Cannery first after which Eldorado, however the properties’ reopening “will depend on how the business flows.”
A Non-Core Asset
A Boyd Gaming spokesperson stated that the corporate has determined to promote the property as a result of it was “a non-core asset.” He famous additional that as Boyd has “continued to grow over the years, this property represented a very modest part of our overall business.”
Things have been fully completely different for Eldorado Casino as soon as. In truth, it was the primary property ever in Boyd Gaming’s portfolio. The firm’s founder, Sam Boyd, partnered along with his son Bill in the early 1960 to buy the Wheel Casino in Henderson and rename it Eldorado.
The property has over 17,756 sq. ft of gaming space. It options slot machines, a sportsbook, and eating choices, however has no resort hooked up to it. DeSimone Gaming stated that it will in all probability reopen the on line casino in the spring of 2021.
While Eldorado Casino’s new proprietor couldn’t share particulars about its plans for the downtown Henderson venue, it stated that it’s “extremely bullish” on the event of that a part of the town, suggesting that their new addition may could be half in that growth.