Last week, an affiliate of ECL Water Street LLC finalized the purchase of Emerald Island and Rainbow Club Casino in Downtown Henderson. Former owner, Tim Brooks, will continue overseeing both properties’ day-to-day operations as General Manager.
The portfolio covers approximately 2.74 acres of land, features a combined gaming machine count of approximately 768, and each holds a Nevada non-restricted gaming license.
ECL Water Street LLC is a Las Vegas-based company with 45 properties in three states, owned by Ron Winchell and Marc Falcone.
The Vincent Advisory Group from LOGIC Commercial Real Estate represented the seller.