- Associated Press - Friday, October 3, 2014

SIOUX CITY, Iowa (AP) - The owner of the former Argosy floating casino in Sioux City has sold the three-deck boat and two barges to an Illinois company.

Mike’s Inc., a South Roxana, Illinois marine business, told the Sioux City Journal (http://bit.ly/1vDuGaq ) that it bought the structures, but didn’t disclose how much it paid for them.

The three-deck boat will be moved downstream to Wood River, Illinois, where it will be sold to another person or business or be salvaged. The two barges docked in Sioux City will be moved by a tow boat at later date.

The riverboat casino closed this summer after the Iowa Racing and Gaming Commission ordered it to cease operations. The commission said it wasn’t partnered with a state-licensed local nonprofit group as required by Iowa law. The casino’s parent company, Penn National Gaming Co., fought the order, but the Iowa Supreme Court ruled that it needed to close.

Under the riverboat’s lease with Sioux City, its owners had to remove the structures from the river two months after closing on July 30, a deadline that passed over the weekend.

Sioux City mayor Bob Scott said at a September meeting that the casino’s owners had said high waters on the Missouri River were delaying the removal process. The Illinois firm’s owner, Mike Marko, said he doesn’t expect the current river level to be an issue in moving the casino away.

___

Information from: Sioux City Journal, http://www.siouxcityjournal.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide