Belterra Casino Resort & Spa is a

riverboat casino A riverboat casino is a type of casino on a riverboat found in several states in the United States with frontage on the Mississippi River and its tributaries, or along the Gulf Coast. Several states authorized this type of casino in order to en ...

on 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 of Illino ...

Switzerland County, Indiana Switzerland County is a county in the southeast corner of the U.S. state of Indiana. As of the 2020 United States Census, the population was 9,737. The county seat is Vevay, one of two incorporated towns in the county. History In 1787, the fl ...

near

Florence Florence ( ; it, Firenze ) is a city in Central Italy and the capital city of the Tuscany region. It is the most populated city in Tuscany, with 383,083 inhabitants in 2016, and over 1,520,000 in its metropolitan area.Bilancio demografico an ...

, roughly halfway between

Louisville, Kentucky Louisville ( , , ) is the largest city in the Commonwealth of Kentucky and the 28th most-populous city in the United States. Louisville is the historical seat and, since 2003, the nominal seat of Jefferson County, on the Indiana border ...

and

Cincinnati, Ohio Cincinnati ( ) is a city in the U.S. state of Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line wit ...

. It is owned by

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 ...

and operated by

Boyd Gaming Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada. The company continues to be run by founder Sam Boyd's family under the management of Sam's son, Bill Boyd (born 1931), who currently serves as the co ...

. 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 Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due. For an analysis of specific aspects of corporate operations several more specific terms are used as EBIT (earnings before interes ...

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 The Indiana General Assembly is the state legislature, or legislative branch, of the state of Indiana. It is a bicameral legislature that consists of a lower house, the Indiana House of Representatives, and an upper house, the Indiana Senate. ...

legalized riverboat casinos, including five licenses to be issued for sites along the

. 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 Entertainment) and its Boomtown subsidiary, for a $148-million project in Switzerland County, including a 12-story, 309-room hotel. Belterra was set to open in August 2000, but was delayed when the riverboat, while en route to Indiana, collided with a barge and sank. After being repaired, the casino opened on October 27. In April 2016, the property was sold to

along with almost all of Pinnacle's real estate assets, and leased back to Pinnacle. In October 2018,

acquired Belterra's operations from Pinnacle, along with three other casinos. The sale was made to enable

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 jurisd ...

's acquisition of Pinnacle; the two companies together owned three casinos in Indiana (Belterra, Ameristar East Chicago, and

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, ...

), while state law prohibits one company from owning more than two casinos.

References

External links

* {{DEFAULTSORT:Belterra Casino Resort and Spa Casino hotels Casinos in Indiana Riverboat casinos Boyd Gaming Buildings and structures in Switzerland County, Indiana Tourist attractions in Switzerland County, Indiana Casinos completed in 2000

History

See also

References

External links