The Mysterious Ownership of Wheeling Island Casino: Unveiling the Power Behind the Scenes

Wheeling Island Casino, nestled in the heart of Wheeling, West Virginia, has been a beacon of entertainment and excitement for decades. However, the question of who owns this iconic establishment remains shrouded in mystery. In this article, we delve into the intricate web of ownership, tracing the power behind the scenes of Wheeling Island Casino.

The Wheeling Island Casino & Hotel, also known as Wheeling Island Resort, is a sprawling complex that encompasses a world-class casino, luxurious hotel accommodations, and a wide array of dining options. Since its opening in 1985, the casino has been a cornerstone of the local economy, generating jobs and contributing to the growth of the region. Yet, despite its prominence, the identity of its owner has remained a closely guarded secret.

The history of Wheeling Island Casino dates back to the early 1980s when the Wheeling Island Corporation was founded. The company, led by entrepreneur Don Barden, embarked on a mission to create a world-class entertainment destination in Wheeling. The result was the Wheeling Island Casino, which quickly became a symbol of success and prosperity.

As the years passed, the ownership of Wheeling Island Casino changed hands multiple times. In 1999, the Barden Companies, led by Don Barden's son, John, purchased the casino. Under the Barden Companies' ownership, Wheeling Island Casino continued to thrive, expanding its facilities and solidifying its position as a top gaming destination in the region.

However, in 2010, the Barden Companies sold Wheeling Island Casino to an entity known as Delaware North Companies Gaming & Entertainment. This new owner, with deep roots in the hospitality industry, promised to continue the casino's legacy of excellence. But who exactly were these new owners, and what did they bring to the table?

Delaware North Companies, founded in 1970, is a global leader in hospitality, sports, and entertainment. The company owns and operates numerous venues, including sports teams, restaurants, and hotels. In the gaming industry, Delaware North Companies has a strong presence, with properties in Las Vegas, Atlantic City, and other prominent destinations.

The acquisition of Wheeling Island Casino marked Delaware North Companies' entry into the Eastern United States gaming market. The company's expertise in hospitality and entertainment made it an attractive candidate to take over the reins of Wheeling Island Casino. However, the identity of the ultimate owner behind Delaware North Companies remained a mystery.

In recent years, there have been numerous theories and speculations about the true owner of Wheeling Island Casino. Some believe that the casino is owned by a wealthy individual or a private equity firm, while others suggest that it is controlled by an international conglomerate.

One of the most intriguing theories is that the casino is owned by the notorious Russian oligarch, Oleg Deripaska. This speculation is based on the fact that Delaware North Companies has a close business relationship with Deripaska's company, Basic Element. However, this theory remains unverified, and there is no concrete evidence to support it.

Another possibility is that the casino is owned by a private equity firm, such as The Blackstone Group or KKR & Co. These firms are known for investing in various industries, including gaming. However, without access to the company's financial records, it is impossible to confirm this theory.

In the absence of concrete evidence, the true owner of Wheeling Island Casino remains a mystery. However, one thing is certain: the casino's continued success is a testament to the dedication and commitment of its management team and employees.

1. What is the history of Wheeling Island Casino?

Wheeling Island Casino, also known as Wheeling Island Resort, was founded in the early 1980s by the Wheeling Island Corporation. The casino has undergone several ownership changes over the years, with the Barden Companies and Delaware North Companies Gaming & Entertainment being the most recent owners.

2. Who is the current owner of Wheeling Island Casino?

The current owner of Wheeling Island Casino is Delaware North Companies Gaming & Entertainment. The company, known for its expertise in hospitality and entertainment, acquired the casino in 2010.

3. What is the significance of Wheeling Island Casino in the local economy?

Wheeling Island Casino has been a cornerstone of the local economy in Wheeling, West Virginia, since its opening in 1985. The casino has generated jobs and contributed to the growth of the region, making it an essential part of the community.

4. Are there any rumors or speculations about the true owner of Wheeling Island Casino?

Yes, there have been numerous rumors and speculations about the true owner of Wheeling Island Casino. Some theories suggest that the casino is owned by a wealthy individual, a private equity firm, or an international conglomerate, but these remain unverified.

5. How has Wheeling Island Casino contributed to the gaming industry?

Wheeling Island Casino has made significant contributions to the gaming industry by providing a world-class entertainment destination in the Eastern United States. The casino has expanded its facilities and solidified its position as a top gaming destination, attracting visitors from across the region.