CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!

Gaming News

 

Argosy Fights $250,000 Fine

4 October 2002

MISSISSIPPI – As reported by the Kansas City Star: "Argosy Gaming Co. will fight a $250,000 fine by the Missouri Gaming Commission over a failed Wisconsin tribal casino deal that exposed what Missouri regulators called Argosy's `unsavory' business associations.

"Illinois-based Argosy, which operates Argosy Riverside Casino, paid a combined $125,000 in fines last year to Illinois and Indian gaming authorities related to the same deal.

"…In its long list of allegations, however, the commission did not name names, and a spokesman Wednesday said details of the state's investigative findings may never be made public.

"`We are being fined and we don't know what for,' Argosy senior vice president Virginia McDowell said Wednesday.

"…In its appeal, Argosy said state regulations regarding appropriate casino business relationships are `unconstitutionally vague' and may also violate the company's rights to free speech and association.

"Issues stem from Argosy's contract with Chicago-based Nii-Jii Entertainment, which collapsed last year amid the controversy. Nii-Jii was working for the Menominee tribe to win approval for a tribal-owned casino in Kenosha, Wis., that Nii-Jii and Argosy were to co-manage.

"According to news reports in Milwaukee at the time, Nii-Jii was founded by a former congressman from Illinois, Morgan Murphy Jr., who had ties to a Chicago labor leader with alleged mob connections.

"…McDowell said Argosy had about $1.9 million of a promised $40 million in financing tied up in the project. Argosy's role triggered investigations by casino regulators in five states where Argosy operates…"

< Gaming News