Ameristar Council Bluffs Casino Redevelopment Transitions to Hollywood Casino

The Ameristar Council Bluffs, a beloved riverboat casino in Iowa, is set for a remarkable transformation through casino redevelopment. Under the ownership of Penn Entertainment, this establishment will undergo a major overhaul, leaving behind its riverboat roots for a substantial land-based facility.

New Horizons: From Riverboat to Land-Based Casino

Penn Entertainment has unveiled plans to invest between $180 million to $200 million to relocate its gaming operations from the riverboat to a brick-and-mortar establishment. Upon completion, the casino will be rebranded as Hollywood Casino Council Bluffs, reflecting Penn’s prestigious casino brand.

What to Expect

The new land-based casino will boast an impressive 58,000 square feet of gaming space, housing over 1,000 gaming positions, including slots and table games. This redevelopment will significantly augment the current offerings, which include an ESPN Bet sportsbook, a 160-room hotel, and diverse dining options.

A Competitive Edge

Given Iowa’s competitive gaming landscape, where nearby states have recently opened casinos, Penn’s strategic investment aims to ensure the property remains a destination for loyal players from Nebraska and beyond. Todd George, Executive Vice President of Operations at Penn Entertainment, stated, “This project will enhance the quality and efficiency of our Council Bluffs location and significantly improve the property’s competitive positioning in the greater Omaha market.”

Supporting Local Communities

The Iowa West Racing Association expressed optimism regarding the transition, highlighting the Ameristar casino’s longstanding role in generating jobs and supporting the community. President Branda Mainwaring stated, “Penn’s commitment to reinvesting in Council Bluffs is laudable, and we are grateful for our ongoing partnership.”

Financial Insights and Future Plans

• Ameristar’s landlord, Gaming and Leisure Properties, Inc. (GLPI), is set to provide up to $150 million in financing for the initiative.
• Penn Entertainment’s acquisition of Pinnacle Entertainment in 2018 facilitated this significant investment in Council Bluffs.

Conclusion

The transition from Ameristar Council Bluffs to Hollywood Casino represents an exciting new chapter for the Iowa gaming market. With substantial investments and a commitment to enhancing guest experiences, this move is poised to shape the future of gaming in the region.