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Iowa commission approves Elite Casino Resorts acquisition of Burlington properties

Deals & M&A

Elite Casino Resorts said the Iowa Racing and Gaming Commission approved its acquisition of Catfish Bend Casino and FunCity Resort in Burlington, Iowa. The company expects the transaction to close on 27 January and plans to rename Catfish Bend Casino Great River Casino Resort.

The approval allows the proposed acquisition to proceed towards closing and would expand Elite Casino Resorts’ Iowa portfolio.

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Deals & M&A

Macau Legend extends loan repayments to 2030 under revised terms

Macau Legend Development said revised bank-loan arrangements have extended repayment periods on two facilities to 2030, and that it has begun repayments under the new terms. As of 31 October 2026, HK$1.96 billion remained outstanding on a HK$2.3 billion term facility; the company said HK$4.5 million had been repaid.

Macau Legend Development has begun repaying bank loans under revised arrangements as it works to address the issues behind its auditor’s disclaimer of opinion, the company said. Further steps may still be necessary to resolve those issues.

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