"They are focused on restaurants and entertainment," Adams said. Along with buying the Grand Victoria Casino, the Reno, Nevada-based company announced it's part of a $1.85 billion deal involving two other companies that will add the operating assets of seven casinos in six states to the Eldorado portfolio.Įldorado has a reputation for bringing quality entertainment and dining to its acquisitions, gambling analyst Ken Adams said.Ĭompany officials said the Grand Victoria has been well maintained, which will allow them to focus on the guest experience without the need to undertake capital investments. Eldorado Resorts, which announced plans Monday to buy the casino for $327.5 million, has been on a buying spree the last several years.
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