THE SIOUX CITY COUNCIL HAS APPROVED THE LEASE EXTENSION FOR THE ARGOSY RIVERBOAT CASINO.

THAT EXTENSION KEEPS THE RIVERBOAT CASINO OPERATING UNTIL A NEW LAND BASED CASINO IS CONSTRUCTED.

THE COUNCIL VOTED 4-0 WITH MAYOR BOB SCOTT ABSTAINING TO APPROVE THE LEASE.

THE IOWA RACING AND GAMING COMMISSION APPROVED THE EXTENSION BETWEEN THE CITY AND PENN NATIONAL GAMING EARLIER THIS MONTH.

THE COMMISSION WILL AWARD THE RIGHTS TO A LAND BASED CASINO TO ONE OF FOUR COMPETING PROPOSALS IN APRIL.