Evansville riverboat owner plans new on-shore casino

Keywords Casinos / Gambling

The owner of Evansville's casino says it plans to move from its current riverboat docked along the Ohio River to a new $50 million on-shore facility.

The announcement Tuesday for the new Tropicana Evansville casino makes it the first to take advantage of a new state law allowing riverboat casinos to build new on-land casinos on property near their current locations.

Tropicana officials say the new 75,000 square-foot casino will be built between its existing hotels across the street from the current riverboat. Tropicana says it expects construction to start in early 2016 and take at least 18 months.

Indiana legislators approved this year allowing the riverboats to build on-land facilities as Indiana's casinos have seen big declines in business in recent years because of greater competition from neighboring states.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.