New Company builds on the strength of three great Iowa properties
 SIOUX CITY, Iowa  - Dan Kehl, CEO of Kehl  Management, received approval from the Iowa Racing and Gaming Commission  today to consolidate the ownership of the three Iowa casinos they  manage in Riverside, Larchwood and Davenport Iowa.
 
 The boards and unit holders of all three properties carefully considered  the consolidation proposal and voted in May to approve the plan  overwhelmingly.
 
 "We are excited about combining the strengths of our three great  properties.  We will continue to bring a world-class experience to our  guests while finding cost savings and efficiencies in a multi-property  company," said Dan Kehl, CEO of Elite Casino Resorts.
 
 Kehl added, "This consolidation makes our company stronger.  We will be  better positioned to cross market between the properties, bring in  top-notch talent and offer the best service and amenities to our  guests."  "Our employees, management and Iowa investors have built this  company from the ground up.  It's a tribute to their hard work that  Elite Casino Resorts exists."
 
 Elite Casino Resorts will employ over 1,500 people and generate over  $225 million in revenue each year making it the second largest revenue  producer in the state.
 
 Kehl Management and the Kehl family have been pioneers in the Iowa  Gaming Industry after receiving the first Iowa Riverboat license in  1990.  Their first land-based casino in Riverside Iowa featured and Rees  Jones designed golf course, hotel and spa which raised the bar for  casino amenities in Iowa.  Rees Jones' most recent Iowa course, The  Falls at Grand Falls Casino opened last month to rave reviews from golf  publications.  
 
 Later today, Kehl will travel to Davenport to break ground on the new  $110 million Rhythm City Casino at the intersection of Interstate 80 and  Interstate 74.
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