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Talk Radio 1360 am – Sioux City, Iowa

AS PART OF THE ARGOSY CASINO FILING FOR CHAPTER 11 BANKRUPTCY PROTECTION, THE SUBSIDIARY OF PENN NATIONAL GAMING HAS ASKED A JUDGE FOR A STAY OR TEMPORARY INJUNCTION OF AN ORDER TO SHUT DOWN THE CASINO BY JULY 1.

A HEARING ON THAT REQUEST IS SCHEDULED FRIDAY IN U.S. DISTRICT COURT IN READING, PENNSYLVANIA.

THE COMPANY WANTS THE STAY UNTIL PENN’S LAWSUIT AGAINST THE IOWA RACING AND GAMING COMMISSION IS RESOLVED.

BRIAN OHORILKO, ADMINISTRATOR OF THE IRGC, SAYS THEIR ATTORNEYS WILL TAKE PART IN THE HEARING:


OC….FOR NOW. ;19

OHORILKO SAYS THE IRGC IS HOLDING TO THEIR DECISION TO CLOSE THE BOAT JULY 1ST:


OC……CHANGES ANYTHING. :13

PENN HAS CRITICIZED THE BIDDING PROCESS FOR THE LICENSE THAT LATER WENT TO ANOTHER DEVELOPER, SIOUX CITY ENTERTAINMENT, WHICH IS BUILDING A HARD ROCK CASINO IN DOWNTOWN SIOUX CITY.

THE LIST OF CREDITORS ON THE ARGOSY CASINO’S BANKRUPTCY FILING IS A LENGTHY ONE WITH SEVERAL LOCAL COMPANIES OWED MONEY.

TOPPING THE LIST IS MISSOURI RIVER HISTORICAL DEVELOPMENT, THE FORMER NON-PROFIT PARTNER AND LICENSE HOLDER OF THE RIVERBOAT CASINO.

COURT DOCUMENTS SHOW MRHD IS OWED OVER ONE-POINT-SIX MILLION DOLLARS.

THE CITY OF SIOUX CITY IS SECOND HIGHEST AT OVER $142-THOUSAND DOLLARS WITH WOODBURY COUNTY THIRD AT NEARLY $20-THOUSAND.

OTHER LOCAL CREDITORS AMONG THE 20 LARGEST UNSECURED CLAIMS INCLUDE JANITOR DEPOT OF SOUTH SIOUX CITY, AVERY OUTDOOR, CHESTERMAN’S AND COFFEE KING OF SIOUX CITY AS WELL AS THE ARGOSY’S NEW NON-PROFIT THE GREATER SIOUXLAND IMPROVEMENT ASSOCIATION.

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