The Iowa Racing and Gaming commission has denied renewing the Argosy Riverboat Casino's license to operate. The commission vote was unanimous at their meeting Thursday morning in Riverside, Iowa.
Penn National Gaming, the riverboat's parent company, does not have an agreement with a non-profit to hold the license. The Missouri River historical Development Group, the former non-profit, is being sued by the gaming company for breach of contract.
Penn has also stopped making payments to MRHD, which is now partnering with Sioux City Entertainment which is building the new Hard Rock Casino in Sioux city's downtown.
The riverboat has been allowed to keep operating without a license by the I-R-G-C for the last several weeks so the 300 employees there have remained on the job.
It's expected the commission will let the casino continue to function until the new Hard Rock Casino is built.