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Iowa commission approves Elite Casino Resorts’ Catfish Bend acquisition

Deals & M&A

The Iowa Racing and Gaming Commission approved Elite Casino Resorts’ acquisition of Catfish Bend Casino and FunCity Resort in Burlington. The transaction, first announced in August, is expected to close on 27 January 2026, after which the property is to be renamed Great River Casino Resort. CEO Dan Kehl said current team members will be invited to remain in their roles.

Regulatory approval advances Elite’s acquisition, while the expected closing and team retention plans matter to property stakeholders.

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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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