Delaware North Cos. has agreed to sell an Illinois casino and hotel property for $120 million.
The Buffalo-based hospitality giant is selling Jumer’s Casino and Hotel in Rock Island, Ill., to Twin River Worldwide Holdings. The deal is expected to be completed in the second quarter of 2021.
Rock Island is in the Quad Cities region, along the Illinois-Iowa border. Delaware North bought Jumer’s for $180 million in 2011. The property includes more than 870 slot machines, 25 table games and a 205-room hotel.
Delaware North said it had been seeking to sell Jumer’s for a year, well ahead of the Covid-19 pandemic. The company said it had invested over $14 million in the property since 2016.
Brian Hansberry, president of Delaware North’s gaming business, said it was difficult for Delaware North to consider selling Jumer’s, but that the company was focused on new casino projects, including a proposed casino in Calumet City, Ill., and a North Carolina project where Delaware North is advising the Catawba Indian Nation.