Elite Casino Resorts agrees to acquire Catfish Bend and FunCity in Iowa
Elite Casino Resorts has agreed to acquire Catfish Bend Casino and FunCity Resort in Burlington, Iowa, subject to regulatory approvals including approval from the Iowa Racing and Gaming Commission. The companies did not disclose the purchase terms; Elite chief executive Dan Kehl said the acquisition would return the properties to his family’s business.
The acquisition would change ownership of two Iowa gaming and resort properties, pending regulatory approval.