THURSDAY THE ONGOING DISPUTE BETWEEN PENN GAMING AND SIOUX CITY ENTERTAINMENT WILL AGAIN BE ON THE IOWA RACING AND GAMING COMMISSION'S AGENDA.
PENN, THE PARENT COMPANY OF THE BELLE OF SIOUX CITY ARGOSY CASINO, WILL ASK THE COMMISSION TO STAY THE ISSUANCE OF LICENSES TO SIOUX CITY ENTERTAINMENT AND MISSOURI RIVER HISTORICAL DEVELOPMENT TO OPERATE A HARD ROCK CASINO.
THAT CASINO IS CURRENTLY UNDER CONSTRUCTION IN THE WEST END OF DOWNTOWN.
THE IRGC WILL ALSO CONSIDER AN AMENDMENT TO THE OPERATING AGREEMENT BETWEEN THE ARGOSY BELLE AND THEIR NEW NON -PROFIT PARTNER, THE GREATER SIOUXLAND IMPROVEMENT ASSOCIATION.
Penn National Gaming and the Argosy Riverboat Casino are asking a Polk county judge to allow their non-profit partner to be the qualified sponsoring organization that distributes the 3% of gaming revenues to community charitable organizations.
The proposal would have Greater Siouxland Improvement Association serve as the QSO to distribute the funds instead of Missouri River Historical Development.
Last week a judge ruled that Argosy did not qualify to have a third party hold the funds, but did not state that those dollars needed to be distributed by MRHD.
Karen Bailey of Penn Gaming says the judge's ruling acknowledged that nothing in the statute required the distribution go through MRHD, but only that the funds be distributed to community organizations.
Bailey says the only thing that required MRHD to be that distributor was the contract between Argosy and MRHD.
However, given that both MRHD and the IRGC have disavowed that that contract even exists, Argosy has entered into a contract with GSIA and expects the IRGC to approve it.