Grand Victoria Casino (Elgin, Illinois)

Discussion in 'Casino Reviews' started by random_roller, Dec 12, 2015.

  1. random_roller, Oct 8, 2016

    random_roller

    random_roller Member

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    Grand Victoria Elgin 800x600 IMG_0008.jpg

    Recently repainted Grand Victoria Casino, Elgin, Illinois, viewed from a bridge carrying National Street across the Fox River. The pavillion housing restaurants, meeting rooms, and other facilities is on the right. Downtown Elgin is in the background on the left.
     
    #21
    Last edited: Oct 8, 2016
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  2. Onautopilot, Oct 9, 2016

    Onautopilot

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    This looks like a good place for craps! $5 tables, high odds, and 3X pay in the field.
     
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  3. random_roller, Oct 9, 2016

    random_roller

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    It's a decent place to play. Unfortunately, its rewards program (Club GVC) isn't tied to MLife (MGM Resorts is a 50% owner), so I'm more inclined to play at Rivers (closer) or Horseshoe Hammond. I played there yesterday for almost an hour. When I arrived, both tables were $10 and about 40 minutes later the table I was at was bumped up to $15 (the other had gone up to $15 earlier). During "off" periods, there are $5 tables.

    Love the buffet, too. Especially when it's on the casino!
     
    #23
    Last edited: Oct 9, 2016
  4. HornHiYo, Oct 9, 2016

    HornHiYo

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    Nice joint but but the craps tables get crowded!
    Video poker pay scales are about the worst (even at higher stakes) and the blackjack games are horrific.
    Good buffet though!
     
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  5. HornHiYo, Oct 9, 2016

    HornHiYo

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    There are only two levels on the boat. The main floor has craps. blackjack and machines. There are no table games on lower deck.
     
    #25
    Last edited: Oct 9, 2016
  6. random_roller, Oct 10, 2016

    random_roller

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    They have changed the table game inventory and moved things around over the years. At one point, there were 8 craps tables, but now there are only 2. A few table games are on the lower deck, but most are on the upper (main) gaming deck.
     
    #26
  7. HornHiYo, Oct 11, 2016

    HornHiYo

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    How things change! Thanks.
     
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  8. Tenonthefive, Apr 7, 2018

    Tenonthefive

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    I like their craps here even though they only have two tables. It does get crowded at times so it sucks when there are no open spots. One thing I noticed...on the casino reports it says there are 3 tables...not 2. I've never seen 3 tables. Is there one in the VIP section that I don't know about?
     
    #28
  9. HornHiYo, Apr 8, 2018

    HornHiYo

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    Last time I was there the tables were in one area. I recall the three forming a horse shoe shape. Do they still have stools at the tables? GV is very popular and even with higher table minimums slow periods with low table population are rare.
     
    #29
  10. random_roller, Apr 17, 2018

    random_roller

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    El Dorado Resorts has reached an agreement to purchase Grand Victoria Casino (Elgin, IL) from MGM Resorts International and RBG, LLC (Pritzker Family) for $327.5M.

    http://www.chicagotribune.com/business/ct-biz-grand-victoria-casino-sold-20180416-story.html

    There is speculation among Chicago media the sale might be related to JB Pritzker's almost certain to be really, really expensive campaign for governor of Illinois. If the transaction is successfully concluded, it will leave MGM without a presence in the Chicagoland market. Ultimately, I think the property will be in better hands, provided the buyer integrates GV into its player reward program and perhaps builds a attached hotel and/or a land-based casino. Grand Victoria currently uses its own player reward program -- Club GVC, rather than MLife Rewards -- so there isn't much incentive for me (and other Chicagoans) to make the longer trip to Elgin (30+ miles) when I'm much closer to Rivers Casino. At one time, Grand Victoria was the top grossing casino in Illinois, boasting 8 craps tables. Then along came Rivers Casino in 2011 and it has a much, much better location and is now -- by far -- the top grossing casino in the state.

    El Dorado Resorts has been busy acquiring casino properties of late. It -- along with Gaming and Leisure Properties (GLPI) -- is also buying the real estate assets of Tropicana Entertainment. Basically El Dorado will sign a long-term lease for those properties with GLPI and operate the casinos. GLPI is a REIT that was spun off from Penn National Gaming in 2013 and kick started the race to separate real estate and casino assets into separate companies in an attempt to unburden gaming operations from the huge debt of hotel/dining/retail operations.
     
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  11. random_roller, Apr 19, 2018

    random_roller

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    Last time I was at Grand Victoria (2017), there were 2 craps tables. I asked several dealers and a Pit Boss if there was another craps table located elsewhere on the boat and was told there were no other craps tables.
     
    #31
  12. random_roller, Apr 19, 2018

    random_roller

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    Only 2 craps tables at GV for quite some time now. A significant portion of Chicago-area gamblers who used to play at Grand Victoria now go to Rivers Casino. At one time, Grand Victoria was the #1 grossing casino in Illinois. In 2010 (final full year before Rivers Casino opened), the AGR at #1 Grand Victoria was $287.1M and #2 Harrah's Joliet was $246.4M.

    Per the 2011 Illinois Gaming Board Annual Report: Note the figures for Rivers Casino in this report are based upon 6 months only, as the casino opened in July. The writing was on the wall.

    upload_2018-4-19_18-44-41.png

    Per the Illinois Gaming Board 2017 Annual Report: Note the table games revenue at Rivers Casino -- almost 50% of the total for the state's casinos, and 33% of the Des Plaines casino's total revenue, which is quite high compared with many other casinos. Part of it is the ratio of EGDs to table games, but also the higher table minimums.

    upload_2018-4-19_18-42-16.png
     
    #32