Belterra Casino & Resort in Switzerland County today was the latest to announce expansion plans, with parent company’s Pinnacle Entertainment saying it intends to use an issue of 6 million shares of common stock in part to finance 250 new rooms to the current 600 there.... Expansion could include up to 300 hotel rooms, expanded space for meetings, the spa and parking, as well as possibly adding a new restaurant ....
Largest Hotel in Indiana
Belterra’s expansion – which would make it the largest hotel in the state of Indiana – would be the second within about two years for the casino, near Vevay. It is already the largest in Greater Cincinnati and Northern Kentucky, according to general manager Larry Buck. Belterra roughly doubled its hotel in size to 608 rooms in May 2004. Buck said that adding hotel rooms “absolutely” increases business. For example, he said Belterra is booking more and more regional meetings, which take up hotel rooms as well as meeting space. The Grand Victoria, based in Rising Sun and run by Hyatt, has always had 200 rooms in its nine years. Grand Victoria sales director Daryl Paddock says that property has “basically a 100 percent occupancy rate” and frequently has to refer would-be guests to other local establishments.
Grand Vic is going back to 24/7 operations
Grand Victoria casino in Rising Sun is preparing to operate 24 hours a day every day. ... The Grand Victoria has targeted Jan. 16 to begin operating 24 hours, seven days a week pending approval by the Indiana Gaming Commission. Since opening nine years ago, the casino in Rising Sun has closed for several early-morning hours on weekdays. Argosy and Belterra’s casinos already operate 24/7.
Ferryboat Mentioned
The Rising Sun/Ohio County Port Authority has also proposed a year-round ferry that would run from Ky. 18 in Boone County near McVille to a landing about a mile north of the Grand Victoria casino. Gaming proponents in Kentucky see that as a move to get more gamblers over to Indiana, though those in Rising Sun say it’s as much for their residents to get over to the Florence area as vice-versa.
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