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Belterra Casino
Belterra Casino Resort & Spa is a riverboat casino on the Ohio River in Switzerland County, Indiana near Florence, roughly halfway between Louisville, Kentucky and Cincinnati, Ohio. It is owned by Gaming and Leisure Properties and operated by Boyd Gaming. The casino has of gaming space, with 1,277 gaming devices, 45 table games, and 2 poker tables. From 2009 to 2011, the property reported annual revenue ranging between $152 and $162 million, and earnings between $27 and $30 million. The property has 1,062 employees. Belterra is located on of land, of which is leased on a 50-year term. History In 1993, the Indiana General Assembly legalized riverboat casinos, including five licenses to be issued for sites along the Ohio River. A referendum was required in each county to approve casinos. Switzerland County voters passed such a measure in November 1993. The Indiana Gaming Commission issued the last of the five licenses in 1998 to Hollywood Park, Inc. (later Pinnacle Entertainm ...
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Florence, Indiana
Florence is an unincorporated census-designated place in York Township, Switzerland County, in the U.S. state of Indiana. The Belterra Casino Resort & Spa is located just outside town. History The community was laid out in 1817 under the name New York. A post office was established under this name in 1827, and was renamed to Florence in 1847. The post office is still currently operating. Geography Florence is located at . Climate The climate in this area is characterized by hot, humid summers and generally mild to cool winters. According to the Köppen Climate Classification system, Florence has a humid subtropical climate, abbreviated "Cfa" on climate maps. Demographics References See also *List of cities and towns along the Ohio River The Ohio River is a long river in the United States. It is located at the boundary of the Midwestern and Southern United States, flowing southwesterly from western Pennsylvania to its mouth on the Mississippi River at the southern tip ...
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Leaseback
Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate, as well as for durable and capital goods such as airplanes and trains. The concept can also be applied by national governments to territorial assets; prior to the Falklands War, the government of the United Kingdom proposed a leaseback arrangement whereby the Falklands Islands would be transferred to Argentina, with a 99-year leaseback period, and a similar arrangement, also for 99 years, had been in place prior to the handover of Hong Kong to mainland China. Leaseback arrangements are usually employed because they confer financing, accounting or taxation benefits. Leaseback arrangements After purchasing an asset, the owner enters a long-term agreement by which the property is leased back to the seller ...
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Buildings And Structures In Switzerland County, Indiana
A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for a wide number of factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, prestige, and aesthetic reasons. To better understand the term ''building'' compare the list of nonbuilding structures. Buildings serve several societal needs – primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical division of the human habitat (a place of comfort and safety) and the ''outside'' (a place that at times may be harsh and harmful). Ever since the first cave paintings, buildings have also become objects or canvasses of much artis ...
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Riverboat Casinos
A riverboat is a watercraft designed for inland navigation on lakes, rivers, and artificial waterways. They are generally equipped and outfitted as work boats in one of the carrying trades, for freight or people transport, including luxury units constructed for entertainment enterprises, such as lake or harbour tour boats. As larger water craft, virtually all riverboats are especially designed and constructed, or alternatively, constructed with special-purpose features that optimize them as riverine or lake service craft, for instance, dredgers, survey boats, fisheries management craft, fireboats and law enforcement patrol craft. Design differences Riverboats are usually less sturdy than ships built for the open seas, with limited navigational and rescue equipment, as they do not have to withstand the high winds or large waves characteristic to large lakes, seas or oceans. They can thus be built from light composite materials. They are limited in size by width and depth of t ...
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Casinos In Indiana
Casinos may refer to: * Casinos, Valencia, municipality in Spain * David Casinos (born 1972), Spanish Paralympian athlete * The Casinos, an American popular music group See also *Casino (other) A casino is a facility that houses and accommodates certain types of gambling activities. Casino may also refer to: Places * Casino, New South Wales, Australia ** Casino railway station, New South Wales, Australia ** The 20th-century electoral ...
{{disambiguation, surname ...
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Casino Hotels
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports. and usage ''Casino'' is of Italian origin; the root means a house. The term ''casino'' may mean a small country villa, summerhouse, or social club. During the 19th century, ''casino'' came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports. Examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian, a is a brothel (also called , literally "closed house"), a mess (confusing situation), or a noisy e ...
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List Of Casinos In Indiana
Indiana law authorizes ten land-based or riverboat casinos on Lake Michigan and the Ohio River, one land-based casino in French Lick, and racinos at the state's two horse tracks. In addition, there is one Indian casino in the state. Other forms of legal gambling are the Hoosier Lottery, parimutuel wagering on horse races, and sports betting. Lottery The Indiana Constitution of 1851 included a ban on lotteries, which was broadly construed by courts as a prohibition on gambling in general. In 1988, state voters approved a constitutional amendment lifting the lottery ban, establishing the Hoosier Lottery. The Hoosier Lottery sells scratch-off tickets since October 1989. It is a member of the Multi-State Lottery Association since 1990. and co-founder of Powerball in 1992. It joined Mega Millions in 2010 and Cash4Life in 2016. Other draw games include Hoosier Lotto, Cash 5, and Poker Lotto. Horse racing Pari-mutuel betting was legalized in 1989. Harrah's Hoosier Park opened in An ...
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Hollywood Casino Lawrenceburg
Hollywood Casino Lawrenceburg is a casino in Lawrenceburg, Indiana, US, in the Cincinnati metropolitan area. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. History The casino was originally named Argosy Casino, and was operated by Argosy Gaming Company. In 2004, Argosy was acquired by Penn National Gaming (now Penn Entertainment). In June 2009, Penn National unveiled a much larger riverboat with a passenger capacity of nearly 9,000 guests and 4,400 gaming positions. The new boat also marked the changeover from the Argosy name to Penn National's primary brand, Hollywood Casino. The new boat also features a rebranded World Poker Tour poker room A cardroom or card room is a gaming establishment that exclusively offers card games for play by the public. The term poker room is used to describe a dedicated room in casinos that is dedicated to playing poker and in function is similar to a car .... References See also * List of casinos in Indiana ...
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Ameristar East Chicago
Ameristar Casino Hotel East Chicago (formerly Showboat Mardi Gras Casino, Harrah's East Chicago, and Resorts East Chicago) is a riverboat casino in East Chicago, Indiana, docked at Indiana Harbor on Lake Michigan. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. The property features a 56,000-square-foot casino that offers 1,900 slot machines including reels, video reels and video poker; more than 40 table games; a high limit gaming room that is on land adjacent to the riverboat; and a 288-room hotel. History Showboat Mardi Gras Casino opened on April 18, 1997. In 1998, Harrah's Entertainment bought Showboat, Inc. and renamed the property as Harrah's East Chicago. Harrah's later sold it to Resorts International Holdings, and the casino's name was changed, along with the street name to 777 Resort Blvd (similar to the addresses used for some Harrah's branded casinos: 777 Harrah's Blvd). It was later sold in 2007 to Ameristar Casinos and changed its n ...
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Penn National Gaming
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gaming. It operates 43 properties in 20 states, online sports betting in 14 jurisdictions and iCasino in five under the brands Hollywood Casino, L’Auberge, Barstool Sportsbook, and theScore Bet. The company also owns a 36% stake in Barstool Sports. In 2013, Penn completed the corporate spin-off of Gaming and Leisure Properties, a real estate investment trust. History Background and early history (1968–1994) Beginning: Pitt Park Raceway, Inc. and the Pennsylvania National Turf Club In 1967, Pennsylvania enacted a law allowing thoroughbred horse racing with parimutuel wagering. Two companies that later formed part of Penn National Gaming were founded in 1968 by groups seeking one of the four available racing licenses: Pitt Park Raceway, Inc., formed by several Erie area businessmen, and the Pennsylvania Nationa ...
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Hollywood Park, Inc
Hollywood usually refers to: * Hollywood, Los Angeles, a neighborhood in California * Hollywood, a metonym for the cinema of the United States Hollywood may also refer to: Places United States * Hollywood District (other) * Hollywood, Alabama, a town in Jackson County * Hollywood, Homewood, Alabama and Hollywood Historic District, a former town and a historic district * Hollywood, Florida, a coastal city in Broward County * Hollywood, Georgia, an unincorporated community in Habersham County, Georgia * Hollywood, Maryland * Hollywood, Minnesota * Hollywood Township, Carver County, Minnesota * Hollywood, Mississippi * Hollywood (Benoit, Mississippi), * Hollywood, Missouri * Hollywood, New Mexico, a neighborhood of Ruidoso, Lincoln County, New Mexico * Hollywood, Portland, Oregon, a neighborhood in Portland, Oregon * Hollywood, Luzerne County, Pennsylvania * Hollywood, Montgomery County, Pennsylvania * Hollywood, South Carolina * Hollywood, Memphis, Tennessee * Hollywood, ...
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Gaming And Leisure Properties
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 55 casino properties, all of which are leased to other companies. History The company was created as a corporate spin-off from Penn National Gaming (now Penn Entertainment), effective November 1, 2013. The corporate breakup was designed to increase investor returns by taking advantage of the lack of federal income taxes on REITs. In November 2013, GLPI agreed to finance a proposed billion-dollar casino in Milford, Massachusetts, but the project was killed days later when town voters rejected the casino. In January 2014, the company acquired the real estate assets of the Casino Queen in East St. Louis, Illinois for $140 million, and leased them back to the casino's operating company for $14 million a year. GLPI also loaned $43 million to ...
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