Indiana News
For $16 million, indiana’s first riverboat casino can be yours.
EVANSVILLE, Ind. (WISH) — Indiana’s first riverboat casino is up for sale again.
New Orleans Paddlewheels Inc. has announced it is pursuing a sale of the Riverboat Louis Armstrong . That riverboat initially served as Casino Aztar’s gambling riverboat on the Ohio River in Evansville.
The boat, originally named City of Evansville, opened as Indiana’s first riverboat casino in 1995. In 2017, the casino, then operating as Tropicana Evansville, moved to land-based gambling and closed the riverboat.
The riverboat was sold to the New Orleans-based group, where it underwent renovations and opened as the city’s “most luxurious, and most unique concert and events venue on the Mississippi River.”
“In light of the recent changes to the local tourism market and hospitality industry, especially the ones that have resulted in the cancelling of future conventions in New Orleans, New Orleans Paddlewheels, Inc., has decided to pursue the potential sale of the Riverboat Louis Armstong,” company president Walter Reuther Jr. said in a statement. “Although this is somewhat unexpected, the change in circumstances arising out of the significant post-COVID changes has necessitated this path, and the sale of the vessel will permit the company to redeploy assets and personnel in other areas.”
The company is reportedly seeking $16 million for the 3,000-passenger riverboat. A Facebook video released in January 2022 features a tour of the riverboat .
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Paddle Wheel Riverboat for Sale
Eric Haun , Editor
Eric Haun is editor of Marine News. He has covered the commercial maritime and...
January 13, 2015
- New in 1994
- 260 feet long and 78 feet wide
- $24 million when it was built
- Two 18 Cylinder CAT Power Plants 2,200 HP (Low Hours)
- Two 1,440 KW CAT Generators model 3516
- Eight Chillers that air conditioned the entire boat
- 3,000 KW CAT 3406 Back Up Generator (450 Hours)
- All steel construction: approximately 2,200 tons
- All interior walls stainless steel covered
- 24 miles of copper wire installed
- Navigation gear fully functional, including new radar system
- Last certified by the Coast Guard for use in Oct 2014
- Ultra-modern rest room facilities
- Three Floors of clear space with carpet, lights, air conditioned and heated – 35,000 square feet
- Bar Area with refrigeration equipment
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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.
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Starting or buying and running a Casino Business or Media, Entertainment related businesses such as Casino FOR SALE, Riverboat & Indian Casinos for Sale businesses or complimenting and supporting services such as Casino, Riverboat Casino, Indian Casinos, River Boats, Poker Room, Gaming Businesses, Indian Casinos, Slot Casinos, Poker Rooms, Arcades, Poker, Indian Casino, River Boat Casino, Online Gaming, Slots, Poker Rooms, Riverboat... etc., can be an exciting, challenging and a rewarding experience especially, to those who are passionate about their work.
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Buying a Small Casino Business from a Business Owner vs Broker
Whether you are buying a Casino business from an independent small business owner or form a broker, the most important factor or the first step is to evaluate the business to make sure the business is priced right or at a discount. You can either use an evaluation software or in some cases you can find valuation metrics online or you can hire an accountant, CPA, professional appraiser or a broker who can use provide a good valuation. While the valuation metrics differ with the type of company, industry and current market conditions, the most used metric for valuation is based on EBITDA or SDE ie Seller's Discretionary Earnings. Buying a small business can be once in a lifetime event for most people and before you put your hard earned savings in the business, always seek advice from a qualified business professional such as licensed broker, M&A advisor, consultant, small business accountant or a lawyer with regards to verification of finances, drafting contracts and price negotiation.
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This thriving screen-printing business is located in north eastern Nebraska. They have been a promin...
This thriving screen-printing business is located in north eastern Nebraska. They have been a prominent part of the community since 1987!!! This business offers high-quality custom screen printing and embroidery on caps, jerseys, jackets, koozies, ba...
Event Center and Catering Hall for sale in Northern Ohio near Lake Erie and the Islands. 2018 sales ...
Event Center and Catering Hall for sale in Northern Ohio near Lake Erie and the Islands. 2018 sales will exceed $500,000, with low overhead generating amazing profits and they already sport a solid book of contracted business for the next several yea...
Officially licensed provider of the most popular games: POKEMON, MAGIC THE GATHERING, DUNGEONS &...
Officially licensed provider of the most popular games: POKEMON, MAGIC THE GATHERING, DUNGEONS & DRAGONS, YU-GI-OH! and others. Clean, safe and fun environment for gamers to gather and play trading card table games and role-playing games. This we...
Our client is an exploding, music talent agency--yearly revenue has increased since inception, at a ...
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This exceptionally profitable graphic design and printing company has been offering its talents to the Southwestern quarter of Texas for over forty years. The business offers a wide array of products ranging from flyers, posters, newsletters, brochur...
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Established Eatery and Tavern with Exceptional Reputation for sale in northeastern Iowa! Step into o...
Established Eatery and Tavern with Exceptional Reputation for sale in northeastern Iowa! Step into ownership of a thriving, eatery and tavern that has been serving Northeastern Iowa since 2012. This eatery and tavern are more than just a dining desti...
This impeccable restaurant and bar have created a strong foundation for continued success as it is l...
This impeccable restaurant and bar have created a strong foundation for continued success as it is located in a small-thriving community of central North Dakota. Established in 2014, the business has been a popular location for a gathering of friends...
A remarkable bar, grill, and restaurant is currently available for purchase in the northeastern area...
A remarkable bar, grill, and restaurant is currently available for purchase in the northeastern area of North Dakota! Don't miss out on this incredible chance to take over a fantastic opportunity! Since 2012, the current owner has been running this b...
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Riverboat Casino for sale from eBay, Craigslist, Letgo, OfferUp, Amazon,..
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Hollywood Casino Baton Rouge holds groundbreaking for new land-based operation
After nearly a year ago announcing that it had received approval from the Louisiana Gaming and Control Board to move its Hollywood Casino Baton Rouge riverboat gaming operation to a to-be-constructed landside facility, on August 10, 2021, Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) broke ground on an expansion project with a starting budget of $60 million.
Originally estimated at a spend of between $21 million and $25 million, GLPI’s investment has increased considerably.
Making the move possible is 2018 legislation that allows riverboat casinos in the Bayou State to move ashore near their original dockside locations . Prior to the new Act taking effect, casinos in most of Louisiana were limited to riverboats or barges. SB316 was signed by Governor John Bel Edwards on May 23, 2018, allowing the state’s floating casinos to move 1,200 feet onto land from their “designated berth space.”
GLPI expects to complete the multi-million dollar project early next year , bringing with it significant economic benefits for Downtown Baton Rouge, and according to Ronnie Johns, Chairman of the Louisiana Gaming Control Board, “is the right thing to do”
Johns explained that not only will the move benefit the city of Baton Rouge tremendously…
“It’ll benefit the state of Louisiana as far as increase revenue from the tax base. So, more employment. We’re excited. It’s a great day for Baton Rouge.”
Details of the changes that are now underway, include moving the casino from its current riverboat position into a larger adaptation of its atrium while the existing valet parking area will be transformed into indoor space, according to The Advocate .
Project details :
The following plans for the new landside facility were detailed by GLPI in an earlier press release :
- Indoor and outdoor gaming including full service and amenities
- Shaquille O’Neal’s Big Chicken Restaurant which will combine the former LSU Tigers standout and four-time NBA champion’s love of fried chicken, BBQ and adult milkshakes, with indoor and outdoor dining overlooking the Mississippi River
- A sports bar/restaurant and entertainment venue with 250 seats, including a mezzanine overlooking the Mississippi River as well as an outdoor patio to watch sports and live music or to host a party
- A sports viewing area which will provide guests with a comfortable place to have a drink and watch the games
- Flexible meeting space for 200-plus guests, with pre-function and food serving areas for private events or VIPs
Moreover, there is reportedly a possibility of either the sports bar or viewing area becoming a sportsbook , after the Louisiana Legislature overwhelmingly approved a framework for legal sports wagering . As early as fall 2021 , residents could be able to place bets in person at casinos, racetracks and bars.
Isle of Capri Lake Charles :
Caesars Entertainment, Inc., formerly Eldorado Resorts’, Isle of Capri in Lake Charles was the first to make the move ashore, announcing plans in early January 2020, to shutter the riverboat and build a $112.7 million dollar facility nearby, with the project scheduled to be completed in May 2021.
However, all that changed when in August last year during Hurricane Laura, the riverboat casino broke from its mooring and wedged itself under the I-10 bridge. That led to Isle of Capri releasing a statement that the casino would remain closed until spring of 2022 as they continue to repair the damage sustained from the devastating hurricane and complete construction on the new land-based casino resort.
Sale and other changes :
Hollywood’s move to land is one of several major changes it is set to undergo, with the property in the midst of being acquired by Illinois-based Casino Queen Holding Company Inc. in a $28.2 million deal expected to close later in the year . There is also talk of a name change.
What’s more, the dock that is currently being used by the floating casino could be used by Viking Cruises for its Viking River Cruises division upon the September 2022 launch of its Mississippi River voyages, according to East Baton Rouge Parish Mayor-President Sharon Weston Broome, who said, “This will draw more commerce into the area,” as reported by The Advocate.
Expected to be completed in the second half of 2022 , the new land-based Hollywood Casino Baton Rouge will reportedly have approximately 500 employees, up from about 300 people who are currently employed by the casino. Additionally, the project is expected to bring some 160 or more construction jobs to the area.
According to Ronnie Johns, who was recently appointed chairman of the Louisiana Gaming Control Board, after resigning his seat in the Louisiana Senate where since 2012 he represented District 27, the groundbreaking on Tuesday was special for him. He sponsored the legislation in 2018 allowing riverboats to move ashore.
“This is about economic development,” Johns said. “This is not about a hall full of slot machines and table games.”
LA sports betting :
Regarding sports betting in the southeastern U.S. state, it will be available over the internet and via mobile apps in 55 of 64 parishes , where residents voted on the November 2020 ballot to allow the activity in their communities. In order to place a bet, an individual will have to be physically in one of those locations where sports betting is permitted, otherwise, the apps and websites won’t work. The Louisiana Lottery , casinos and racetracks are expected to own the sports wagering online sites and mobile apps that are now approved in the state.
Meanwhile, after in February submitting a licensing request, last month, Boston-based sports betting company DraftKings Inc . (Nasdaq: DKNG) made quick work of rolling out its daily fantasy sports contests in approved parishes. It took the operator just one day after receiving unanimous approval by the state’s 8-member gaming control board to launch in Louisiana , which became the 44th U.S. state to offer the DFS product .
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Ref No: 133. Asking Price: $2,500,000. LAST CHANCE FOR OFFERS - Classic Riverboat Casino Sternwheeler for outright sale. This casino boat is a 268-foot (82 m), four-deck Sternwheeler. She has 28,500 square feet (2,650 m2) of …
LAST CHANCE FOR OFFERS - Classic Riverboat Casino Sternwheeler for outright sale. This casino boat is a 268-foot (82 m), four-deck Sternwheeler. She...
EVANSVILLE, Ind. (WISH) — Indiana's first riverboat casino is up for sale again. New Orleans Paddlewheels Inc. has announced it is pursuing a sale of the Riverboat Louis Armstrong. That ...
Indiana's first casino is now on the market for $16M. Casino Aztar opened on Dec. 8, 1995 and became a floating fixture on the Ohio River shoreline in downtown Evansville for the next 20 years ...
Successful River Boat Casino For Sale This vessel is no longer For Sale A combined casino gaming area of 1,347 metres square Room for over 400 slot machines Gaming areas...
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An asset management company in St. Louis is selling the 20 year old, 260 foot long, 2200 ton, Coast Guard certified riverboat that was most recently a casino owned by Caesars Entertainment Corporation, formerly Harrah's Entertainment, Inc. The air-conditioned riverboat with 35,000 square feet of space has two 18-cylindar 2200-horsepower ...
A 260-foot fully operational paddle wheel riverboat, recently used as a large casino, is available for sale by negotiation. Asset management company Stuart B.
Casinos & Casino Businesses for Sale 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.
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This 408-foot (125m) permanent riverboat, originally cost $36 million. It's approximately 75,000 square feet (nearly 7,000m2) and accommodates 4,400 passengers and crew.
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Successful River Boat Casino For Sale This vessel is no longer For Sale A combined casino gaming area of 1,347 metres...
After nearly a year ago announcing that it had received approval from the Louisiana Gaming and Control Board to move its Hollywood Casino Baton Rouge riverboat gaming operation to a to-be-constructed landside facility, on August 10, 2021, Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) broke ground on an expansion project with a starting budget of $60 million.
In 2015, Indiana passed a law allowing riverboat casinos to move off of the water and into land-based properties. Eventually, construction began on the building that would take Glory of Rome's spot as the casino's home. That building opened up in December 2019, and with it, the casino's name changed to Caesars Southern Indiana.
The original Emerald Queen Casino riverboat that helped assure the economic sovereignty of the Puyallup Tribe in Washington has been sold.
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The vector image of Arkhangelsk (Arkhangelsk oblast), coat of arms (1781). The largest online collection of heraldry vector clipart with instant download access for flag-makers and publishers. Flags, coats of arms, seals, crests, insignia - vector images only!
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The Northern Dvina ( Се́верная Двина́, IPA: [ˈsʲevʲɪrnəjə dvʲɪˈna]; Komi: Вы́нва, romanized: Výnva) is a river in northern Russia. It goes through Vologda Oblast and Arkhangelsk Oblast. It goes into the Dvina Bay of the White Sea. Most of the water from Northwest Russia goes into the Arctic Ocean from the Northern Dvina River and the Pechora River .
Go Big - Go Best - The World's Largest Riverboat Casino This magnificent casino ship has everything you can imagine and more. Watch: The ship laid up...
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Verkhnyaya Toyma ( Russian: Ве́рхняя То́йма) is a rural locality (a selo) and the administrative center of Verkhnetoyemsky District, Arkhangelsk Oblast, Russia, located on the right bank of the Northern Dvina River. It also serves as the administrative center of Verkhnetoyemsky Selsoviet, one of the fourteen selsoviets into which ...
This Riverboat Casino is an ideal opportunity to turn any stretch of water into a large entertainment complex and casino. Ideal for India, Asia and the Caribbean....