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Belterra Makes its Debut This Week in Indiana

23 October 2000

VEVAY, Indiana – Oct. 23, 2000 – As reported by The Associated Press: "As southern Indiana's fifth floating casino makes its debut on the Ohio River, industry officials will be watching to see whether the gambling market here is as deep as the river itself.

"The Belterra Resort and Casino - between Louisville and Cincinnati - is set to debut this week with a 38,000-square-foot casino, 1,350 slot machines and 57 table games. It will have 1,300 employees working in five restaurants, a 308-room hotel and health spa.

"…The $200 million project opens as an almost-complete package, in contrast to Caesars Indiana in Harrison County, where a hotel is still a year away.

"…Six invitation-only cruises on Miss Belterra were scheduled for Monday, after the Indiana Gaming Commission awarded the boat a five-year gambling license.

"…Belterra is expected to siphon some revenue from its closest competitors: Grand Victoria Casino at Rising Sun, and Argosy Casino at Lawrenceburg. Caesars, which is near Louisville, also is expected to take a hit.

"…The casino already has delivered hundreds of jobs for county residents and $3.5 million in donations for a medical center and other projects. County leaders expect the casino to generate $14 million a year in tax revenue.

"…Belterra is owned by Pinnacle Entertainment Inc., based in Glendale, California…"

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