One of Henderson’s most iconic gambling spots is officially changing hands for the fifth time in 65 years. ECL Water Street has agreed to buy The Pass Casino from DeSimone Gaming, putting all three casinos on downtown Henderson’s historic Water Street District under one roof. The deal closes August 1, 2026, and what comes next may be the most ambitious chapter in this casino’s storied history.
ECL Set to Control All Three Water Street Casinos
With this single acquisition, ECL Water Street will own every casino along the Water Street corridor in downtown Henderson, creating a unified gaming presence in one of Nevada’s fastest-growing cities.
The company already runs the Emerald Island and Rainbow Club casinos right there on the same stretch. Adding The Pass locks in a trio of local properties under one operator that no one else in Henderson currently holds.
ECL Water Street is owned by Marc Falcone and Ron Winchell. It operates as a division of ECL Gaming, a network that runs roughly 50 properties in Nevada, four casinos in Kentucky, 26 in Wyoming, and one in New Hampshire.
Tim Brooks, general manager of the Emerald Island and Rainbow Club, spelled out the logic bluntly. “A lot of houses are being built in that area and a lot of people are moving to Henderson as the second largest city in the state,” Brooks said. “For us to expand our footprint downtown, it made sense for one property to have control of all three casinos.”
The financial terms of the deal were not disclosed. Nevada gaming regulators must still approve the transaction before it becomes official.

The Pass Will Close for a Full Year of Renovation
Right after the sale closes on August 1, the casino will shut its doors for approximately one year.
ECL has committed to a full gut renovation of The Pass, with plans to remodel the entire interior, upgrade food and beverage offerings, and introduce new amenities that complement the ongoing revitalization of the Water Street District.
Here is what the property currently offers players on the floor:
- 17,756 square feet of gaming space
- Approximately 350 slot machines
- Six table games
- A Circa Sports-operated race and sportsbook
Once the renovation is finished, the slot count will grow in a big way. ECL plans to expand the machine inventory to between 450 and 500 devices, up from about 350 today. That is a jump of up to 150 new gaming positions.
“We’re going to upgrade the food and beverage, remodel the entire inside, and make it a beautiful property,” Brooks said. “It’s nice now, but we’re going to improve on what Joe DeSimone started.”
The rebuild will also create jobs. ECL plans to add roughly 50 new positions when The Pass reopens, on top of the approximately 340 workers already employed across its two existing Henderson casinos.
A Casino That Helped Launch the Boyd Gaming Empire
This deal is bigger than a simple real estate transaction. It is a transfer of a property that sits at the very foundation of one of America’s largest gaming companies.
The property first opened on February 15, 1961 as the Wheel Casino. The original owner’s name is not on record at the Clark County Assessor’s Office. The business struggled and closed within a single year.
In 1962, local businessman Paul Perry stepped in to buy the shuttered property. His attorney, Bill Boyd, joined the deal as a stakeholder and assembled a small investor group that included his father Sam Boyd, law partner Jim Brennan, his aunt, and a businessman named Joe Crowley.
On July 1, 1962, the group reopened the casino as the Eldorado Casino, making it the very first property ever owned by what would later grow into the Boyd Gaming corporation.
Here is how ownership of this property has shifted over more than six decades:
| Year | Owner | Casino Name |
|---|---|---|
| 1961 | Unknown | Wheel Casino |
| 1962 | Perry / Boyd Investor Group | Eldorado Casino |
| 1966 | Boyd Family (full ownership) | Eldorado Casino |
| 1993 | Boyd Gaming Corp. | Eldorado Casino |
| 2021 | DeSimone Gaming | The Pass |
| 2026 | ECL Water Street (pending) | The Pass |
The Boyd family assumed full ownership in 1966 and formally folded the casino into Boyd Gaming’s corporate structure in 1993. For years, it served a unique and practical role inside the company. Boyd used the compact Eldorado as a training ground for up-and-coming executives, because managing a small casino forced young leaders to be hands-on across every department.
COVID-19 ended that era abruptly. Nevada ordered all casinos to shut in March 2020. Boyd chose to keep the Eldorado closed permanently and sold the property to DeSimone Gaming in December 2020 for an undisclosed price.
Joe DeSimone moved at full speed. He invested $7 million into a 45-day renovation that added new restaurants, fresh bars, event space, and modern gaming machines. On April 1, 2021, the property reopened as The Pass, closing out nearly 60 years of Boyd history on that corner of Water Street and Atlantic.
DeSimone Eyes New Casinos While Henderson Keeps Growing
Selling The Pass does not mean Joe DeSimone is stepping back. He still has deep roots along Water Street.
His company will keep ownership and full operations of the Atwell Suites hotel, which sits directly next to The Pass. He also remains the owner of the Railroad Pass Casino between Henderson and Boulder City, a property he has held since 2015.
DeSimone is also pushing outward in a significant way. He appeared before the Nevada Gaming Control Board this week seeking a license to operate two additional properties, the Bighorn Casino in North Las Vegas and the Longhorn Casino on Boulder Highway in Las Vegas. His gaming footprint is expanding, not retreating.
“From the day we acquired The Pass, our goal was to honor Henderson’s history while delivering an exceptional experience for our guests,” DeSimone said. “ECL Gaming has demonstrated a strong commitment to our community, and I am confident they will continue to invest in the success of The Pass for years to come.”
The broader Henderson market is giving operators like ECL very real reasons to bet big on this area right now.
The Cadence master-planned subdivision, about a mile from Water Street, is one of the fastest-growing residential communities in the entire country. About 7,500 homes have already been built there, with several thousand more in the pipeline. A separate development roughly four miles to the east is expected to add around 3,000 additional homes to the area.
That kind of population surge means a rapidly expanding base of local casino patrons right at ECL’s doorstep. Owning all three Water Street casinos puts the company in the best possible position to capture that growth as it arrives.
From a struggling one-year experiment called the Wheel Casino back in 1961 to the very birthplace of the Boyd Gaming empire to a bold new chapter under ECL Water Street, The Pass has always been far more than just a casino. It has been a living reflection of Henderson itself, a city that keeps building, keeps welcoming new people, and keeps reinventing what it offers them. With a year-long renovation ahead and a company placing a very public bet on Henderson’s future, that corner of Water Street and Atlantic is about to become the most watched address in the city. What do you think about ECL taking over The Pass and the renovation plans ahead? Drop your thoughts in the comments below.








