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  • SOME CASINO LEGAL ISSUES REMAIN TO BE RESOLVEDTHERE'S STILL SEVERAL LEGAL ISSUES TO BE SETTLED BETWEEN THE ARGOSY BELLE RIVERBOAT CASINO, THE IOWA RACING AND GAMING COMMISSION AND MISSOURI RIVER HISTORICAL DEVELOPMENT. ASSISTANT CITY ATTORNEY JUSTIN VONDRAK SAYS [...]
  • RIVERBOAT TO DEPART WITHIN 60 DAYSTHE ARGOSY BELLE RIVERBOAT CASINO WILL LEAVE SIOUX CITY WITHIN THE NEXT 60 DAYS. ASSISTANT CITY ATTORNEY JUSTIN VONDRAK SAYS THE DEPARTURE DATE WAS SET UNDER THE MOST RECENT LEASE AGREEMENT [...]
  • IRGC & IOWA D-C-I OVERSEE ARGOSY CASINO SHUTDOWNWITH THE ARGOSY RIVERBOAT CASINO SHUTTING DOWN OPERATIONS WEDNESDAY, THERE'S A SPECIFIC PROCESS THAT TAKES PLACE TO CLOSE THE GAMBLING OPERATIONS. BRIAN OHORILKO, ADMINISTRATOR OF THE IOWA RACING AND GAMING COMMISSION, [...]

Talk Radio 1360 am – Sioux City, Iowa

SIOUX CITY’S ARGOSY RIVERBOAT CASINO HAS FILED FOR BANKRUPTCY.

MAYOR BOB SCOTT SAYS HE WAS INFORMED OF THE FILING THIS MORNING:


OC….MAIL YET. ;23

SCOTT SAYS THE FILING SHOWS THE ARGOSY SEEMS TO HAVE MILLIONS OF DOLLARS MORE IN ASSETS THAN LIABILITIES:


OC….THINK IT SAID. :12

THE MAYOR SAYS THE ARGOSY PAYS THE CITY MONTHLY RENT, BUT HE’S NOT SURE YET WHAT FINANCIAL COST THE BANKRUPTCY WOULD HAVE ON THE CITY:


OC….FIGURE THAT OUT. ;12

KAREN BAILEY, SPOKESPERSON FOR PENN NATIONAL GAMING, RELEASED A STATEMENT SAYING IN PART: “THE ARGOSY HAS BEEN AN IMPORTANT PART OF THE SIOUX CITY COMMUNITY FOR NEARLY 20 YEARS.

THE IOWA RACING AND GAMING COMMISSION HAS ORDERED THE ARGOSY TO CLOSE JULY 1ST, WHICH WOULD DESTROY OUR BUSINESS AND THE PEOPLE WHO DEPEND UPON IT.

WE BELIEVE THE BANKRUPTCY WILL HELP TO PRESERVE ARGOSY’S BUSINESS WHILE THE COMPLEX LEGAL AND FINANCIAL IMPLICATIONS OF IRGC’S DECISION ARE SORTED OUT.”

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Local News

SOME CASINO LEGAL ISSUES REMAIN TO BE RESOLVED

SOME CASINO LEGAL ISSUES REMAIN TO BE RESOLVED   0

THERE'S STILL SEVERAL LEGAL ISSUES TO BE SETTLED BETWEEN THE ARGOSY BELLE RIVERBOAT CASINO, THE IOWA RACING AND GAMING COMMISSION AND MISSOURI RIVER HISTORICAL DEVELOPMENT. ASSISTANT CITY ATTORNEY JUSTIN VONDRAK SAYS [...]