View non-flash version
Riverboat Gaming News — State By State der construction by Jeffboat of Jeffersonville, Ind., for delivery by April 1995. The boat will be 310 ft. (94.5-m) long and 70 ft. (21.3-m) wide, with a capacity of 2,500 pas- sengers and a crew of 300. • A casino with 1,150 slot machines and 70 table games on the boat. • A 250-room hotel. • The Riverfront Pavilion, an enter- tainment complex for pre-boarding facilities, restaurants, lounge and retail shops. Dearborn County at all, let alone to the partnership. Argosy Gaming Company owns and operates the Alton Belle Ca- sino II, the first riverboat gaming casino in Illinois and in metropoli- tan St. Louis; the Argosy Riverside Casino, the first riverboat gaming casino to operate in the Kansas City River market; and theBelle of Baton Rouge Casino, the first riverboat gaming casino to operate in the Baton Rouge, La. market. Ar- gosy also manages and operates the Belle of Sioux City, the only riverboat casino to operate in the Western Iowa market. Argosy To Acquire Jazz Argosy Gaming Company has agreed with Jazz Enterprises and its affiliates—Argosy's limited part- ner in the Belle of Baton Rouge Casino and the developer of the adjacent real estate project known as Catfish Town — to acquire 100 percent of Jazz's stock. The transaction will result in Argosy acquiring Jazz's 10 percent limited partnership interest in the casino. Under the terms of the agree- lllinois Argosy'* $ 138M Lawrenceburg Awaits OK The company (through a wholly- owned subsidiary) and its joint ven- ture partners, including an affiliate of Conseco Inc., entered into an agreement of Limited Partnership on April 12, 1994 for the purpose of developing a riverboat casino in Lawrenceburg, Ind. Under the terms of the partner- ship agreement, the company's sub- sidiary (which is a 60 percent owner and the sole general partner and manager of the project) would re- ceive a management fee of 9.375 percent of operating profits for the first five years and 12.5 percent for the next 15 years. The partnership filed its formal application with the Indiana Gam- ing Commission on April 13, 1994, along with 10 other organizations competing for a gaming license in Lawrenceburg, Ind. (in the Cincin- nati, Ohio area) on the Ohio River. The joint venture submitted a pro- posal to the city of Lawrenceburg to develop a $138 million casino enter- tainment complex to include a 100,000-sq.-ft. casino providing ap- proximately 1,900 slot machines, 80 table games and accommodating approximately 3,000 passengers, a 250-room hotel, 160,000-sq.-ft. pa- vilion, parking garage and marina. As part of the proposal the partner- ship would also provide approxi- mately $21 million for infrastruc- ture improvements, a new sewage treatment plant and roadway im- provements. On June 8, 1994 the partnership was one of three potential casino operators that were endorsed by the City Council of Lawrenceburg to operate a riverboat casino in their community. The city submitted its endorsements to the Indiana Gam- ing Commission which is solely re- sponsible for the issuance of a gam- ing license. The Commission is ex- pected (but not required) to con- sider the endorsements as one of the many factors in determining who will ultimately receive a gaming li- cense in Indiana. Dearborn County, where Lawrenceburg is located, approved a countrywide proposition on No- vember 2, 1993 to authorize riverboat gaming. The Commis- sion has not announced, following the issuance of the Supreme Court ruling, when it expects to consider applicants for Dearborn County and surrounding areas. The company does not anticipate that such appli- cants for Lawrenceburg will be re- viewed by the Indiana Gaming Com- mission before early 1995. It is not guaranteed that a license will be issued for Lawrenceburg or January, 1995 WHY GAMBLE WITH DEPENDABILITY.. FERNSTRUM /TA « ' m %\ Is a "SURE THING!" IfTf v «1 " MM H! VlMriMCM n-iHiint ittr^^BBB For over 40 years, we've been making cooling systems for all types of marine engines... and that's all we make. Our product is so durable, efficient and easy to install that the U. S. Navy wrote their keel cooling specifications around our Gridcoolers. Why take chances when it comes to your engines' dependability? Do it right the first time... get Fernstrum Gridcoolers. Dubuque Casino Belle Built by Patti Shipyard Keel Cooled by Fernstrum & Company CHECK THESE UNIQUE QUALITIES ONLY FOUND IN THE GRIDCOOLER: Completely assembled and factory tested to assure reliability. No complicated, time consuming assembly before installation. Silver brazed and welded joints form a rugged keel cooler, no slip joints or "0" rings to leak. Heavy guage 90/10 copper-nickel or 5000 series aluminum rectangular tube, structurally stronger with more cooling surface, and twice the wall thickness of other package kit type keel coolers with round tube. Custom designed to meet owner's operating conditions and the engine manufacturer's exact cooling requirements. The most compact form of keel cooling, can be recessed for a flush with hull installation. R. W. Fernstrum & Company 1716 11th Avenue • P. O. Box 97 Menominee, Ml 49858 Phone: (906) 863-5553 Fax: (906) 863-5634 Circle 216 on Reader Service Card Designed by the people who know the business. The naval architecture firm of Guido Perla & Associates is a full-service engineering firm serving the marine industry since 1979. From the design of large factory trawlers; casino and river- boats, ships and ferries to minor modifications, expertise based on extensive marine construction experience has been the key to success of every GPA project. Guido Perla & Associates offers a wide variety of services including: • Computer-aided design • Production engineering • Computer lofting • Technical consulting for all types of vessels • Regulatory agency liaison • Preventive maintenance programs • Mechanical, electrical and structural analysis • Stability analysis LOUISIANA'S Is1 CASINO BOAT GUIDO PERLA & ASSOCIATES 4039 21st Avenue West, Suite 300, Seattle, Washington U.S.A. 98199-1252 Telephone 206-285-3232 Telefax 206-285-4225 Circle 220 on Reader Service Card 50A
