Isleta El Recedo is located within a minute drive of Lake Nicaragua and Rerserva Nacional Volcan Mombacho. The Isleta Resort and Casino provides a world-class vacation right in the middle of the desert, with amazing views from the many stories of the hotel. This 2-room, 3-star hotel welcomes guests with. Isleta Resort & Casino last week announced a new partnership with BetMGM to head up operations of its sportsbook — the first time the MGM. to get to the Isleta Central AmericaNicaraguaGranada DepartmentGranada. . Best Casino Hotels in Nicaragua on Tripadvisor: Find traveler reviews, candid photos, and prices for 7 casino hotels in Nicaragua. . 1, /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, today announced the opening of a new retail sportsbook at Isleta. The restaurant has lots of food choices but you can bring your own food and drinks. This thoughtfully designed boutique with beautiful views over Mombacho Volcano sits in on a tropical private island in the middle of Lake Nicaragua, and serves.