The company announced the sale of the Southern Nevada property on Thursday, but did not disclose details about the transaction. Boyd sold the property to DeSimone Gaming, according to local news outlets. “The Eldorado was a non-core asset to our Company, and as we have continued to grow over the years, this property represented a very modest part of our overall business,” Boyd said.
The nearly 18,000 sq. ft casino, located in historic Water Street in the City of Henderson, first opened in 1962. There is no hotel attached, but the property offers a sportsbook and dining options. It closed in mid-March under state orders to curb the spread of the coronavirus. Boyd’s Main Street Station and Eastside Cannery casinos in Las Vegas also remain closed.
During an October call with investors, Boyd CEO and President Keith Smith said he believed the company would “probably” reopen Main Street Station, Eastside Cannery and then Eldorado in that order, “but it will depend on how the business flows,” as reported by Las Vegas Review-Journal.
During the third quarter of the year, Boyd’s Las Vegas locals segment — which includes the shuttered Eldorado and Eastside Cannery but not Main Street Station — reported $171 million in revenue, down 20 percent from the prior year.