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[2] [3] The merger raised antitrust concerns because Penn National, which already owned Casino Rouge, would gain a monopoly on casinos in Baton Rouge. [4] In order to expedite approval for the merger from federal and state regulators, Penn National put the Argosy Baton Rouge up for sale. [5] Columbia Sussex agreed to buy the property for $150 ...
The Argosy opened in 1991 as a small riverboat casino named the Alton Belle owned by the Argosy Gaming Company and had 296 slot machines and 22 table games. [1] Over 450 patrons attended the opening on September 24, 1991. [1]
The casino was originally named Argosy Casino, and was operated by Argosy Gaming Company.In 2004, Argosy was acquired by Penn National Gaming (now Penn Entertainment).. In June 2009, Penn National unveiled a much larger riverboat with a passenger capacity of nearly 9,000 guests and 4,400 gaming positions.
The company planned to rebrand its other properties under the Hollywood Casino name. [34] In 2005, Penn National acquired Argosy Gaming Company for $1.4 billion plus $791 million in assumed debt, adding five casinos and one horse track to its portfolio (not including the Argosy Baton Rouge, which was quickly sold to satisfy antitrust concerns).
The casino opened on June 22, 1994 as the Argosy V, Kansas City's first riverboat casino. [1] In 1996, a land-based pavilion was built that included restaurants, bars, and a parking garage. In 2003, the casino was renovated and in 2005 a hotel was added to the property. [ 2 ]
The Belle's name was changed to Argosy Casino Baton Rouge in July 1999. [45] [46] The casino's contract with the city had required construction of the hotel to begin by September 1996. [47] Since the deadline was missed, Argosy had been making penalty payments to the city of approximately $300,000 per month. [48]
Hollywood Casino Lawrenceburg (formerly Argosy Casino) is found in Lawrenceburg, and is the closest Indiana riverboat casino to downtown Cincinnati. Education
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