Three casinos, including Davenport's, are now part of one company. Thursday morning, the Iowa Racing and Gaming Commission approved the consolidation of Rhythm City, Riverside, and Grand Falls casinos. Kehl Management developed casino and golf resorts in Riverside, near Iowa City, and in far northwestern Iowa near the South Dakota border.
CEO Dan Kehl says the commission gave the thumbs up to the merger on the same day Rhythm City broke ground on a land-based casino at the intersection of I-80 and I-74 in the Quad Cities.
The name of the new company is Elite Casino Resorts.
Kehl is a principal investor in Scott County Casino LLC which bought the Davenport riverboat casino from Isle of Capri last year for 51 million dollars.
The groundbreaking on the 110 million dollar casino, hotel, and retail project was held late yesterday afternoon.
Three weeks ago, Isle of Capri broke ground on its 60 million dollar land-based casino in Bettendorf. It's also located along I-74 but on the Mississippi riverfront.
