Colorado Belle


Colorado Belle

From Wikipedia, the free encyclopedia (wikipedia.org)

The Colorado Belle is a hotel and casino located on the banks of the Colorado River in Laughlin, Nevada. The Colorado Belle is a fixed building made to look like a six-deck replica of a 19th-century Mississippi River paddle steamer riverboat. It has 1,168 rooms in two seven-story towers. The casino has 42,706 sq ft (3,967.5 m2) of gaming space with 750 slot machines, 20 table games, a keno lounge, 10 poker tables, and a race and sports book. The hotel has six restaurants and two gift shops. The resort also includes two pools, a fitness room, a koi pond, a beauty spa, an arcade and a private beach on the river.

History

Advanced Patent Technology, a slot machine maker and slot route operator, announced plans in 1979 to build a hotel and casino, with the hotel to be managed by Ramada. Construction began in October, as a joint venture with John Fulton, a Southern California restaurateur and the casino was opened on November 10, 1980.

In 1983, a preliminary agreement was reached to sell the casino to a group including attorney William Morris and Circus Circus Enterprises executives William Bennett and William Pennington for $1.6 million but Morris quit the deal a month later. The next year, Circus Circus bought the casino for $4 million, and made plans to move it to make room for an expansion of its neighboring Edgewater Laughlin.

Plans for a new Colorado Belle hotel and casino were unveiled in 1985 and it opened on July 1, 1987, at a cost of $80 million.

Circus Circus Enterprises later became Mandalay Resort Group in 1999 and was bought by MGM Mirage in 2005.

In June 2007, MGM Mirage sold the Colorado Belle and the Edgewater to a partnership of Anthony Marnell III and Sher Gaming for a total of $200 million.

In July 2018, Golden Entertainment agreed to buy the Colorado Belle and the Edgewater from Marnell and Sher for a total price between $168 and $190 million.

Courtesy of wikipedia.org

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