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 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…."
|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.|
|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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