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Opened in September 1991, the Alton Belle Casino was situated on the Mississippi River approximately 20 miles from downtown St Louis and was the first gaming facility in the St Louis market and in the state of Illinois.
First Riverboat Launched in 1991
As the company's 1992 balance sheet was being tallied, plans were under way in Alton to sell shares of Argosy stock to the public, a means of raising cash for the expected expansion of the riverboat gambling theme to other markets.
By July 1993, Argosy was willing to pay $41.8 million for the lease and scrub plans for the joint venture.
Three Riverboats Debut in 1994
When all four casinos had the opportunity to operate together for a full year for the first time in 1995, annual revenues surged ahead to $252.7 million and patronage reached five million visits, but the consistently rising sales totals did not allow Argosy executives to rest easy.
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ELIZABETH KNOWLES "argosy ." The Oxford Dictionary of Phrase and Fable. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/argosy
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