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Argosy Gaming Company
Public
Traded asNYSE: AGSY
IndustryGaming
Fateacquired by Penn National Gaming
Founded1991
DefunctOctober 9, 2005
HeadquartersAlton, Illinois

Argosy Gaming Company was an Alton, Illinois based casino operator.

History[edit]

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The company through the political connections of its chairman William F. Cellini received the first gambling license in Illinois in modern times. It began operations in September, 1991 with the opening of the Alton Belle Casino. Among the biggest initial investors was John Connors, brother of tennis champion Jimmy Connors, Illinois attorney and Democratic power-broker L. Thomas Lakin, as well as other influential St. Louis area businessmen. Jimmy Connors would later become a substantial investor with both brothers maintaining a 19 percent share after it went public.[1] It traded on the New York Stock Exchange under the ticker symbol 'AGSY. The company toyed with bankruptcy in the late 1990s with John Connors personally declaring Chapter 7 bankruptcy.

In November 2004, Penn National Gaming acquired it for $2.2 billion in cash creating the third largest casino operator in the United States.[2][3] The merger raised antitrust concerns because Penn National, which already owned Casino Rouge, would gain a monopoly on casinos in Baton Rouge.[4] In order to expedite approval for the merger from federal and state regulators, Penn National put the Argosy Baton Rouge up for sale.[5]Columbia Sussex agreed to buy the property for $150 million.[6]

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Penn National and Argosy completed their merger in October 2005.[7]

Casinos[edit]

  • Argosy Casino Alton - Alton, Illinois
  • Belle of Baton Rouge formerly known as Argosy Baton Rouge
  • Argosy Casino Riverside in Riverside, Missouri
  • Argosy Lawrenceburg in Lawrenceburg, Indiana, now carrying the Hollywood brand
  • Argosy Casino Sioux City in Sioux City, Iowa
  • Argosy Empress Casino in Joliet, Illinois; Destroyed by fire on March 20th 2009. Rebuilt as Hollywood Casino Joliet
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References[edit]

  1. ^International Directory of Company Histories, Vol. 21. St. James Press, 1998 (via fundinguniverse.com)
  2. ^Argosy Gaming to be acquired by Penn National Gaming - St. Louis Business Journal - November 3, 2004
  3. ^Timothy Boone; Chad Calder (November 5, 2004). 'Merger to unite BR casino ownership'. The Advocate – via NewsBank.
  4. ^'Preserving competition for casino services in Baton Rouge, Louisiana, FTC clears Penn Nationals purchase of Argosy Gaming' (Press release). Federal Trade Commission. July 27, 2005. Retrieved 2017-08-12.
  5. ^Timothy Boone (April 27, 2005). 'Argosy Casino put up for sale'. The Advocate. Baton Rouge, LA – via NewsBank.
  6. ^Jon Newberry (June 23, 2005). 'Columbia Sussex buying La. casino'. Cincinnati Post – via NewsBank.
  7. ^Tom Dochat (October 4, 2005). 'Penn National nets 3 casinos in Argosy Gaming deal'. The Patriot-News. Harrisburg, PA – via NewsBank.

External links[edit]

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Argosy_Gaming_Company&oldid=926660540'
L'Auberge Casino Resort

This is a list of casinos in Louisiana.

List of casinos[edit]

List of casinos in the U.S. state of Louisiana[1]
CasinoCityParishStateDistricttypeComments
Amelia BelleAmeliaSt. MaryLouisianaRiverboatFormerly Bally's, Belle of Orleans.
Belle of Baton RougeBaton RougeEast Baton RougeLouisianaRiverboatFormerly Argosy Casino.
Boomtown Bossier CityBossier CityBossierLouisianaRiverboatFormerly Casino Magic.
Boomtown New OrleansHarveyJeffersonLouisianaRiverboat
Coushatta Casino ResortKinderAllenLouisianaNative AmericanFormerly Grand Casino Coushatta.
Cypress Bayou CasinoCharentonSt. MaryLouisianaNative American
Delta DownsVintonCalcasieuLouisianaRacino
Diamond Jacks Casino Bossier CityBossier CityBossierLouisianaRiverboatFormerly Isle of Capri.
Eldorado ShreveportShreveportCaddoLouisianaRiverboatFormerly Hollywood Casino.
Evangeline DownsOpelousasSt. LandryLouisianaRacino
Fair Grounds Race CourseNew OrleansOrleansLouisianaRacino
Flamingo Casino New OrleansNew OrleansOrleansLouisianaRiverboatClosed 1997.[2]
Golden Nugget Lake CharlesLake CharlesCalcasieuLouisianaRiverboat
Harrah's Lake CharlesLake CharlesCalcasieuLouisianaRiverboatClosed 2005.[3] Formerly Players Island.
Harrah's Louisiana DownsBossier CityBossierLouisianaRacino
Harrah's New OrleansNew OrleansOrleansLouisianaLand-based
Hollywood Casino Baton RougeBaton RougeEast Baton RougeLouisianaRiverboatFormerly Casino Rouge.
Horseshoe Bossier CityBossier CityBossierLouisianaRiverboat
Isle of Capri Casino Lake CharlesWestlakeCalcasieuLouisianaRiverboat
Jena Choctaw Pines CasinoDry ProngGrantLouisianaNative American
L'Auberge Casino Resort Lake CharlesLake CharlesCalcasieuLouisianaRiverboat
L'Auberge Casino Baton RougeBaton RougeEast Baton RougeLouisianaRiverboat
Margaritaville Resort CasinoBossier CityBossierLouisianaRiverboat
Paragon Casino ResortMarksvilleAvoyellesLouisianaNative AmericanFormerly Grand Casino Avoyelles.
River City CasinoNew OrleansOrleansLouisianaRiverboatClosed 1995.
Sam's Town ShreveportShreveportCaddoLouisianaRiverboatFormerly Harrah's.
Showboat Star CasinoNew OrleansOrleansLouisianaRiverboatClosed 1995.[4]
Treasure Chest CasinoKennerJeffersonLouisianaRiverboat

Gallery[edit]

  • Sam's Town Hotel and Gambling Hall

See also[edit]

References[edit]

  1. ^http://louisiana.casinocity.com/casinos/
  2. ^B. Drummond Ayres Jr. (October 14, 1997). 'In New Orleans, the house loses'. New York Times. Retrieved 2014-12-09.
  3. ^Steve Green (November 4, 2009). 'Appeals court sides with Harrah's, Pinnacle in Louisiana case'. Las Vegas Sun. Retrieved 2014-12-10.
  4. ^'Louisiana's first riverboat heading for Texas border'. The Paris News. AP. March 14, 1995. Retrieved 2014-12-09.
Baton

External links[edit]

Wikimedia Commons has media related to Casinos in Louisiana.

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Retrieved from 'https://en.wikipedia.org/w/index.php?title=List_of_casinos_in_Louisiana&oldid=927139287'