Belle of Baton Rouge $35M Move Largely Covered by Gaming and Leisure Properties

The Belle of Baton Rouge finally calendar week received nation favourable reception to run the riverboat ashore. The relocation project, expected to cost virtually $35 million, will for the most part live on the landlord’s tab

Gaming and Leisure Properties, Inc. (GLPI) acquired the Belle of Baton Rouge in 2018 from Eldorado Resorts, which later became Caesars Entertainment. CQ Holding Company purchased the operating rights of the Louisiana chapiter city’s oldest gambling casino inward May from Caesars for an unrevealed sum.

CQ is an Illinois-based gaming operator that to boot runs Hollywood Casino Baton Rouge, the city’s other downtown riverboat. The keep company is moving both riverboats ashore after LA lawmakers inwards 2018 allowed riverboats to move inland, so long as they remain within 1,200 feet, or well-nigh a canton of a mile, from their designated barges.

The LA Gaming Control Board (LGCB) agreed to set aside the historic Belle located at 103 French Republic Street to relocate from the Mississippi River to land. The 16,500-square-foot gaming blank space will relocate to the gambling casino property’s Atrium side by side(p) to the resort’s parking garage and hotel.

Of the estimated $35 meg refurbishment cost, GLPI has committed to bankrolling $28 million. CQ will follow on the cop for the remaining $7 million. CQ leases the casino’s trading operations from GLPI, a rank that will follow expected to increment in one case the redevelopment is completed.

Bells and Whistles

In applying for land authorization to move the Belle of Baton Rouge inland, CQ Holding Company provided the LGCB with a send off overview. CQ additionally operates DraftKings at Casino Queen inward Orient St. Louis, Il., and Casino Queen Jacques Marquette inward Iowa.

The Belle of Baton Rouge Atrium spans close to 50,000 square up feet. The glass-enclosed structure is currently used as a buffet, restaurant, and amusement space. But the casino’s overhaul will greatly update the Atrium and modernize the blank with young amenities and attractions.

CQ says the casino, once moved, will offering most 350 slot machines, 14 tabularize games, and a sportsbook. The Atrium redo will also receive new dining options, including an oyster debar and café.

We are thrilled with the Louisiana Gaming Control Board’s decision to okay Belle of Baton Rouge’s landside move,” said Dame Ellen Terry Downey, chair and CEO of CQ Holding Company. “In getting this casino, we experience looked frontwards to the tremendous potency inwards moving the Belle to land.

“We looking frontward to serving the Baton Rouge biotic community with young amusement offerings and eateries that testament be made possible by this move,” Downey added.

Bringing the casino inland testament position the one-armed bandit machines and table games a great deal finisher to where patrons park. Currently, the walkway is around 1,000 feet from the Atrium via enclosed walkways to the riverboat on the Magnolia State River.

Hotel Reopening

Another major constituent of the $35 gazillion investiture is renovating and reopening about 90 rooms of the hotel’s 288-room facility. The Belle of Baton Rouge hotel has been closed in(p) since the onset of the COVID-19 pandemic.

The hotel reopening and new Atrium amenities will fetch back around 200 jobs, CQ told the state. The Belle’s current work stands at around 150 positions.

Downey concluded by saying the renovations will piss the Belle “a really boutiquey, real fun” destination. Construction is expected to commence next April, with a planned May 2024 opening.

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