DES MOINES – On Friday, the Iowa Supreme Court ordered a Sioux City riverboat casino to close by 5 p.m. on July 30.
Based on the one-page ruling, the three-member panel of justices denied a request from Penn National Gaming Co., owner of the Argosy Sioux City riverboat casino to stay open while they appeal for a closure ordered by the Iowa Racing and Gaming Commission on April 17.
According to the IRGC, Argosy was in violation of the state law which requires state-licensed casinos to partner with a licensed non-profit local group in order to operate in Iowa.
“Great news for the on-going revitalization of downtown Sioux City and the soon to be open Hard Rock Casino,” said Guy Cook, a Des Moines-based attorney representing SCE Partners LLC, the developer for the $128.5 million land-based Hard Rock Casino that will replace the floating casino.
Mark Monson, president of the Missouri River Historical Development, a licensed non-profit group which partnered with SCE was also pleased with the ruling.
“We’re pleased with the ruling, and we’re excited about working with our new partner, and the opening on Aug. 1,” Monson stated
On the other hand, Karen Bailey, spokeswoman of Penn National expressed disappointment with the ruling.
“We are exploring our options and don’t have any further information on what the next steps will be,” Bailey stated.
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