Company News »

Eldorado Resorts Continues Scioto Downs Racino Expansion with Construction of $5.9 Million The Brew Brothers Microbrewery and Restaurant

Business Wire
Share on StockTwits
Published on

Eldorado Resorts, Inc. (NASDAQ:ERI) (“Eldorado” or the “Company”) announced today that it will commence construction at Scioto Downs Racino of The Brew Brothers, a new $5.9 million microbrewery and restaurant that is expected to open by the fourth quarter of 2015. The Brew Brothers will serve as a central component of the Company’s planned $9.5 million Phase II expansion of the property. The Phase II expansion plan for the property will extend its guest amenities and entertainment offerings and includes a 5,000-square-foot outdoor smoking patio that opened in December 2014 with 60 video lottery terminals (“VLTs”), as well as a new bakery and snack bar that are expected to open by the fourth quarter.

The Brew Brothers is a proven 15-year-old concept which originated at the Company’s Eldorado Resort Casino in Reno, Nevada. The Brew Brothers at Scioto Downs Racino will feature a state-of-the-art microbrewery complete with ten brewing vessels, a 44-foot-long bar that contains 23 bar seats, 127 indoor seats, 80 patio seats, a 336-square-foot entertainment stage and a 37-foot-tall grain silo. The Brew Brothers’ innovative dining menu will feature dishes created in the restaurant’s wood-burning pizza oven, smoker and custom-designed broiler.

“Scioto Downs has a rich history of harness racing, and since the opening of our gaming facility in June 2012, guests in the greater Columbus market have reacted favorably to our exciting blend of racing and gaming entertainment amenities,” said Gary Carano, Chairman and Chief Executive Officer of Eldorado. “Construction of The Brew Brothers microbrewery and restaurant, which will serve as the cornerstone of our Phase II property expansion, reflects our commitment to extend the Carano family’s legacy of providing guests with diverse food and beverage options across our property portfolio. Eldorado’s innovative Brew Brothers concept has proven to be very popular with our guests in Reno and we expect it to further elevate the level of unique amenities that we offer guests at Scioto Downs.

“Providing unique dining and entertainment experiences to our guests is one of our strategic priorities and we intend to continue to selectively invest in return-focused property enhancements that can drive long-term growth across Eldorado’s portfolio. Our Phase II expansion plan for Scioto Downs Racino also includes a recently opened outdoor smoking patio that features 60 VLTs that has been well received by our guests. We also plan to extend our food and beverage options at the property with a new bakery and snack bar that will open by the fourth quarter. We believe these amenities highlight our ongoing commitment to exceed our guests’ expectations.”

Located across from the Grove Buffet, The Brew Brothers will feature rustic d’ecor that utilizes a blend of reclaimed wood, metal and concrete materials, while warm colors and elegant touches give an upscale and comfortable feel. The beer menu will feature award-winning selections, including five drafts that are custom brewed in-house, five locally crafted beers, Brew Brothers’ root beer, and other commercial bottle offerings.

Guests will be able to sit at the 44-foot-long bar and watch the brew master craft the restaurant’s brews or enjoy a cocktail by the fire pit in the outdoor beer garden. The microbrewery and restaurant will feature large high-definition TVs for viewing sporting events as well as an entertainment venue complete with a ten-foot screen and a fully-equipped stage that will offer guests an exciting after hours nightlife with live music and DJs.

About Eldorado Resorts, Inc.

Eldorado Resorts is a casino entertainment company that owns and operates six properties in five states, including the Eldorado Resort Casino and the Silver Legacy Resort Casino (a 50/50 joint venture with MGM Resorts International) in Reno, NV; the Eldorado Resort Casino in Shreveport, LA; Scioto Downs Racino in Columbus, OH; Mountaineer Casino Racetrack & Resort in Chester, WV; and Presque Isle Downs & Casino in Erie, PA. For more information, please visit www.eldoradoresorts.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations of management of Eldorado and are subject to uncertainty and changes in circumstances. These forward-looking statements include, but are not limited to, statements regarding the (i)expectations about future business plans, prospective performance and opportunities; (ii) economic and market conditions; and (iii) plans, costs, construction, completion and opening timelines of expanded facilities at Scioto Downs Racino. These forward-looking statements may be identified by the use of words such as “expect,” “anticipate,” “believe,” “estimate,” “potential,” “should,” “will” or similar words intended to identify information that is not historical in nature. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks and uncertainties include (a) construction factors, including delays, increased costs of labor and materials, availability of labor and materials, zoning issues, environmental restrictions, soil and water conditions, weather and other hazards, site access matters and building permit issues; (b) changes in laws and regulations permitting expanded and other forms of gaming in our key markets; and (c) general economic conditions and the impact of the economy on discretionary spending and Eldorado’s business. Forward-looking statements reflect Eldorado’s analysis as of the date of this release. Eldorado does not undertake to revise these statements to reflect subsequent developments, except as required under the federal securities laws. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Share on StockTwits