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Elite Casino Resorts, LLC announced it has reached an agreement to acquire Catfish Bend Casino and FunCity Resort in Burlington, bringing the properties back under the ownership of the Kehl family, who helped introduce casino gaming to the area three decades ago.
The purchase includes all assets and operations of Great River Entertainment, LLC, the parent company of Catfish Bend and FunCity. Terms of the deal were not disclosed Tuesday.
For Elite Casino Resorts, headquartered in Riverside, Iowa, the move represents both an expansion and a “homecoming.” The Kehl family, majority owners of the company, were central to launching Burlington’s original riverboat casino in the 1990s before selling