It was launched in New York City on October 22, 1991, with the backing of Hollywood stars Sylvester Stallone, Arnold Schwarzenegger and Bruce Willis.

Earl Enterprises was founded by Robert Earl. The company is owned by Earl Enterprises corporation. (stylized as planet Hollywood, planet Hollywood observatory and ph) is a themed restaurant chain inspired by the popular portrayal of Hollywood. Rhythm City currently has over 32,000 square feet of gaming space with 1,000 slot machines, 25 table games, the Elite Sports Book, a hotel, three restaurants, a full service spa and an event center.Planet Hollywood International Inc.

Several comedians have performed there also including Carlos Mencia, Frank Caliendo, and Craig Ferguson. Others who have performed since the opening in 2016 is Sara Evans, Gary Allan, Chris Janson, and Josh Turner. Rhythm City's Event Center has brought several big acts through the Quad Cities including legendary acts like The Charlie Daniels Band, Eddie Money, Wayne Newton and Trace Adkins. When the property moved additional outlets were added to the property including three restaurants, Ruthie's Steak & Seafood, Draft Day Sports Lounge, and Robert's Buffet. The former boat was still parked on the river in Davenport until late 2016. It later became the Rhythm City Casino, but the casino moved to a land-based site in the Northern part of Davenport in 2016. The casino began as a riverboat casino named The President in 1991 shortly after the legalization of gambling in Iowa. It is owned by Elite Casino Resorts which also owns Riverside Casino & Golf Resort in Riverside, IA and Grand Falls Casino Resort located in Lyon County, IA. It is adjacent to the intersection of I-80 and I-74. Rhythm City Casino Resort is a casino and resort located in Davenport, Iowa, with over 32,000 square feet of gaming space with 1,000 slot machines, 25 table games, the Elite Sports Book, a hotel, three restaurants, a full service spa and an event center.

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