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River City Casino (New Orleans)
River City Casino was a twin riverboat casino complex (Grand Palais and Crescent City Queen) in New Orleans, Louisiana, located one block upriver from New Orleans Morial Convention Center.
It was the brainchild of Christopher Hemmeter (operating the Grand Palais riverboat) with a 50/50 joint venture with Capital Gaming International (operating the Crescent City Queen riverboat). The two riverboat complex partially circumvented Louisiana state law (repealed in 2001) requiring riverboat gaming vessels to make the required 90 minute cruise once every three hour period weather permitting. There would always be at least one vessel docked while the other would sail so patrons would never have to wait in line to board a gaming vessel. The riverboats opened for only nine weeks from March 29 - June 13, 1995.〔http://www.businessweek.com/archives/1995/b3446105.arc.htm〕 The terminal building complex was still in the ongoing interior construction phase when casino revenue was far below projections, additional funding was not secured and work was abruptly halted with construction tools, blueprints and materials left in place.
==Bankruptcy==
The riverboats and its licenses were eventually sold off and transferred to other companies. Isle of Capri in Lake Charles acquired the Grand Palais (with license) in 1996. Isle's parent company, Casino America paid $55 million for the Grand Palais Riverboat in January 1996, with a package of cash, notes, stock, warrants, and by assuming $10 million of Grand Palais' existing liabilities. Boomtown New Orleans acquired the Crescent City Queen riverboat without license in 1998 (renamed as Boomtown Belle II) to replace the smaller Boomtown Belle riverboat. Crescent City Queen's gaming license was transferred in 1996 to Casino Magic, which then operated a docked riverboat casino in Bossier City, later renamed Boomtown Bossier City. Boomtown's parent company, Pinnacle Entertainment revived the River City Casino name for its newest property in the St. Louis, Missouri area when it opened in March 2010.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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