Delaware North sells casino to Twin River
Delaware North has agreed to sell an Illinois casino and hotel property for $120 million.
Biz Journals reports the Buffalo-based hospitality giant is selling Jumer’s Casino and Hotel in Rock Island, Illinois to Twin River Worldwide Holdings.
The deal is expected to be completed in the second quarter of 2021.
Rock Island is in the Quad Cities region, along the Illinois-Iowa border.
Delaware North purchased the property for $180 million in 2011.
It includes more than 870 poker machines, 25 table games and a 205-room hotel.
Delaware North said it had been seeking to sell the venue for a year, well ahead of the coronavirus pandemic.
The company said it has invested more than $14 million in the property since 2016.
President of Delaware North’s gaming business Brian Hansberry said it was difficult for Delaware North to consider selling Jumer’s, but that the company was focused on new casino projects, including a proposed casino in Calumet City, Illinois and a North Carolina project where Delaware North is advising the Catawba Indian Nation.
North Carolina native casino breaks ground despite protests
A new casino has broken ground in the United States after years of debate as to whether or not it would ever come to be.
Gaston Gazette reported in July that the Catawba Indian Nation broke ground on the Kings Mountain gaming facility in North Carolina.
“Work has begun toward more prosperity, increased opportunities, and a renewed bond between the Catawba Indian nation and the great state of North Carolina,” chief Bill Harris said.
A new February 2020 economic impact assessment from London & Associates shows the casino resort will provide a $273 million investment in Cleveland County.
Project construction activity will generate $311 million with the employment of more than 2000 people from the direct, indirect and induced effects.
Once operational, the facility will generate $308 million per year of direct economic activity and employ 2600 workers, the study projected.
An additional $77.3 million per year in indirect impact through purchases from local businesses is also anticipated, along with another $42.8 million per year in induced impact from employer expenditures.
The total effect is more than 3500 jobs attributed to casino activity.
The casino is expected to open by summer 2021, and will initially feature approximately 1300 machines, food and beverage outlets and entertainment.
The new casino will be operated by global hospitality company Delaware North.
Governor approval needed to all casino style gaming
While the Catawba Nation is eager to start work, there are still a few more hurdles that the South Carolina-based tribe must go through to have more than bingo and non-banked card games at their facility.
The Nation will need approval from North Carolina’s governor to go from a class II to a class III gaming facility, which includes all other forms of gambling, including casino style gambling.
“We are very optimistic that the negotiations will take place in the near future. We look forward to being an outstanding partner to the state of North Carolina,” legal representative for Skyboat Gaming Wally Fayssoux said.
The Catawbas can only operate class III games if they have an agreement with the state and approval from the federal government, according to the American Gaming Association.
“The Tribe has the right to engage in class II gaming without a compact,” said tribal administrator Elizabeth Harris.
“However, the Tribe believes very much in working in partnership with other governments, not only Cleveland County and Kings Mountain, but also the state of North Carolina.
“The Tribe looks forward to negotiating a compact with the governor so that the great state of North Carolina can fully benefit from this important economic development project.”
Just last week, some Kings Mountains residents received flyers from Defend NC, a group decrying the building of the facility.
This is just one of many groups that have spoken out against the casino over the years.
Multiple Facebook groups have sprung back to life as news that a facility was coming.
