The Emerald Island Casino and Rainbow Club Casino, based in Nevada, will both be sold to Las Vegas-based company, ECL Hospitality Management.
The two casinos will be sold to an affiliate of ECL Hospitality Managment, owned by businessmen Ron Winchell and Marc Falcone, with the transaction expected to be reviewed by Nevada gaming regulators in December and for the deal due to be closed in January.
Current owner Tim Brooks is expected to continue to oversee the property; and he gave his thoughts on the deal, “This sale was a hard decision to make as we have invested so much time and energy into both properties over the years — most importantly our customers and employees have become our family.
“The opportunity to be involved with the new ownership group going forward is important to me.
“We have served as the original Water Street ambassadors and to see the area grow and become the incredible Water Street District is amazing. I want to state there are no planned changes in management or staff as we have an amazing team that is responsible for our extraordinary customer service and the success we have achieved over the years.”
Winchell and Falcone added: “We are excited to be maintaining and adding to the guest experience as we continue to expand and grow the properties and look forward to becoming part of the family in the Downtown Henderson Water Street District.”
In other Nevada news, it has been announced that the Venetian Resort Las Vegas will be hosting some exclusive F1 Las Vegas Grand Prix offers.
