Colorado Belle

Colorado Belle
The property as seen from the Colorado River in 2018
Location Laughlin, Nevada, U.S.
Address 2100 South Casino Drive
Opening date November 10, 1980 (1980-11-10)
Theme Riverboat
No. of rooms 1,168
Total gaming space 42,706 sq ft (3,967.5 m2)
Owner Marnell Gaming
Renovated in 1997, 2005, 2012
Website coloradobelle.com

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.[1][2] 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.[3] Construction began in October, as a joint venture with John Fulton, a Southern California restaurateur[4] and the casino was opened on November 10, 1980.[5]

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[6] but Morris quit the deal a month later.[7] 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.[8]

Plans for a new Colorado Belle hotel and casino were unveiled in 1985[9] and it opened on July 1, 1987, at a cost of $80 million.[10]

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.[11][12][13]

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.[14]

References

  1. ↑ "Nonrestricted Square Footage Report". Nevada Gaming Control Board. March 6, 2018. Retrieved September 10, 2018.
  2. ↑ Nonrestricted Count Report (Report). Nevada Gaming Control Board. June 30, 2018. Retrieved September 10, 2018.
  3. ↑ "Advanced Patent slates gambling-activity boost". Wall Street Journal. via ProQuest. July 26, 1979. Retrieved June 25, 2012. (subscription required)
  4. ↑ "Advanced Patent starts hotel-casino construction". Wall Street Journal. via ProQuest. October 8, 1979. Retrieved June 25, 2012. (subscription required)
  5. ↑ "Advanced Patent adds 3 directors as part of an SEC settlement". Wall Street Journal. via ProQuest. November 25, 1980. Retrieved June 25, 2012. (subscription required)
  6. ↑ "Advanced Patent Technology to sell casino for $1.6 million". Dow Jones News Service. via Factiva. January 10, 1983. Retrieved June 26, 2012. (subscription required)
  7. ↑ "Advanced Patent says talks on sale of Nevada casino off". Dow Jones News Service. via Factiva. February 18, 1983. Retrieved June 26, 2012. (subscription required)
  8. ↑ "Circus Circus buys casino from Gaming & Technology". Wall Street Journal. via ProQuest. February 16, 1984. Retrieved June 25, 2012. (subscription required)
  9. ↑ "Circus Circus: New hotel-casino". Wall Street Journal. via ProQuest. August 19, 1985. Retrieved June 25, 2012. (subscription required)
  10. ↑ "Colorado Belle sets sail for grand opening". The Courier. June 24, 1987. Retrieved March 22, 2012.
  11. ↑ Stutz, Howard (October 17, 2006). "MGM Mirage selling two Laughlin casinos". Casino City Times. Retrieved May 6, 2007.
  12. ↑ Stutz, Howard (May 18, 2007). "Group gets approval to buy casinos". Las Vegas Review-Journal. Retrieved September 1, 2011.
  13. ↑ "MGM Mirage closes sale of Laughlin hotels". Las Vegas Review-Journal. June 2, 2007. Retrieved September 1, 2011.
  14. ↑ Prince, Todd (July 16, 2018). "Golden Entertainment buying 2 Laughlin properties for $190M". Las Vegas Review-Journal. Retrieved July 17, 2018.

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