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When Does a Casino Boat Become a Building?

Thursday, December 28, 2006

INDIANAPOLIS, Indiana – As reported by the Cincinnati Enquirer: "Several Indiana lawmakers and the operators of some riverboats are worried that revised casino construction standards couldThe new, expanded Argosy floating casino, scheduled to open in the fourth quarter of 2008 - will have 4,000 gaming stations - an increase of 1,200, or 43 percent.
The new, expanded Argosy floating casino, scheduled to open in the fourth quarter of 2008 - will have 4,000 gaming stations - an increase of 1,200, or 43 percent.
  result in floating gaming halls that look more like buildings than boats.

"One of the gambling boats being criticized is the planned new vessel for Argosy in Lawrenceburg.

"…The new Argosy boat will have 4,000 gaming stations - an increase of 1,200, or 43 percent, from the current vessel.

"The new casino is scheduled to open in the fourth quarter of 2008, while a 1,500-car garage is scheduled to open at the Lawrenceburg casino in the fourth quarter of 2007.

"Eric Schippers, vice president of public affairs for Argosy's parent company, Penn National Gaming, said the new boat will be capable of navigating on the water, although it's 'not one we intend to take on cruises or excursions.' It also will be much larger than existing boats, with gambling located largely on one level rather than several.

"Ernest Yelton, the gaming commission's executive director, said there was no need for concern about the new rules, which are still being drafted. He said massive new vessels being built for Argosy and Horseshoe Hammond in Lake County will be navigable boats with motors and crews that can move on their own.

Penn National Gaming
825 Berkshire Boulevard
Suite 200
Wyomissing, PA 19610
Phone: (610) 373-2400
Fax: (610) 373-4966
Email: corporate@pngaming.com
Website: www.pngaming.com
Penn National Gaming owns and operates casino and horse racing facilities with a focus on slot machine entertainment. The company presently operates sixteen facilities in thirteen jurisdictions including Colorado, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, New Jersey, Ohio, Pennsylvania, West Virginia, and Ontario. In aggregate, Penn National's facilities feature over 18,600 slot machines, nearly 400 table games, almost 1,200 hotel rooms and approximately 565,000 square feet of gaming floor space.
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