Argosy Gaming Company was an Alton, Illinois based casino operator.
Video Argosy Gaming Company
History
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. 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.
Maps Argosy Gaming Company
Casinos
- Argosy Alton - Alton, Illinois
- Belle of Baton Rouge formerly known as Argosy Baton Rouge
- Argosy Kansas City
- Argosy Lawrenceburg - near Cincinnati, Ohio
- Argosy Sioux City
- Argosy Empress Casino- Joliet, Illinois; Destroyed by fire on March 20th 2009. Rebuilt as Hollywood Casino
References
External links
- Penn National Gaming web site
Source of the article : Wikipedia
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