Belterra announces $11 million renovation
Tuesday, December 11, 2012 10:00 AM
Belterra Casino Resort in Vevay announced an $11 million renovation project today.
The Belterra project will add a sports bar and restaurant, an overhaul of Belterra's Ultimate Buffet and upgrades to hotel rooms, suites, lobby bar and casino floor. The Switzerland County casino is owned and operated by Pinnacle Entertainment.
Full details of the project were to be disclosed today during news conferences in Covington, Ky., and Louisville.
The casino currently can accommodate more than 2,900 players.
Though located in Vevay, Jefferson County has a financial stake in the casino. Through an agreement with Switzerland County and Belterra, Jefferson County receives a portion of the casino revenue.
The announcement comes as a southern Indiana economic development association is urging the Legislature to strengthen the state's casino industry by revising existing gambling laws to allow it to remain competitive as casinos open in surrounding states.
Ten of Indiana's 13 casinos are near neighboring states. Belterra will face competition from the Horseshoe Casino in Cincinnati scheduled to open in the spring.
New Albany-based One Southern Indiana says the move is necessary to continue to provide the tax revenue, jobs and other benefits that have become an integral part of the economies of Indiana and cities that have casinos. Republican state Rep. Ed Clere of New Albany said that changes in Indiana gambling laws could include allowing casinos to relocate to more easily accessible sites, such as along a highway, instead of on a river or lake.
When Indiana first allowed casinos, state law required the boats to go on several daily cruises and to be self-propelled. The state later approved a land-based casino at French Lick and allowed horse tracks in Anderson and Shelbyville to add slot machines. In 2002, lawmakers changed the law to allow the casinos to remain docked.