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Columbia Sussex to Buy Casino Queen Hotel & Casino

Friday, May 19, 2006

ST. LOUIS, Missouri -- As reported by the St. Louis Business Journal: "Gaming company Columbia Sussex has agreed to acquire Casino Queen Inc., which operates the Casino Queen Hotel & Casino,The Casino Queen
The Casino Queen
  in Illinois across from the Gateway Arch.

"Casino Queen spokesman Ron O'Connor told the St. Louis Business Journal that the agreement to sell the company to Columbia Sussex of Fort Mitchell, Ky., was reached late Wednesday. He declined to disclose terms of the deal, which is pending approval from the Illinois Gaming Commission.

"Five local families own East St. Louis-based Casino Queen. They are the families of James Koman, president of the company's board; and board members Charles Bidwill III, Michael Gaughan, Timothy Rand and Patrick Kenny.

"The proposed sale of the Casino Queen comes as the company -- which generated revenue of $168 million in 2005 -- prepares to break ground on construction of a new casino as part of a three-phase, $150 million casino and hotel expansion project. The new facility which will replace the gambling boat, will be the first land-based casino in Illinois. It will sit on a barge floating in a moat…."

Casino Queen Hotel & Casino
200 South Front Street
East St. Louis, IL 62201
Toll Free Phone: (800) 777-0777
Website: www.casinoqueen.com
The Casino Queen has a reputation for having the most liberal slot payouts found in any casino, as reported by Casino Player magazine. # There are ovver 1,000 of the most popular slot and video poker machines and table limits from $2 to $2,000. Games include Blackjack, Craps, Roulette, Caribbean Stud, Pai Gow, and Mini-Baccarat. The casino is open from 9:00am to 7:00am daily.
Tropicana Casinos and Resorts, Inc.
207 Grandview Drive
Fort Mitchell, KY 41017
Phone: (859) 578-1100
Fax: (859) 578-1154
Website: www.tropicanacasinos.com
Formerly Columbia Sussex, Tropicana Casinos and Resorts owns the Tropicana in Las Vegas, two properties in Lake Tahoe, Nevada and a number in Louisiana and Mississippi.
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