Argosy Gaming Company Withdraws from Singapore Integrated Resort Proposal Process
26 April 2005 - 4:25PM
PR Newswire (US)
Argosy Gaming Company Withdraws from Singapore Integrated Resort
Proposal Process ALTON, Ill., April 26 /PRNewswire-FirstCall/ --
Argosy Gaming Company (NYSE:AGY) today announced that it has been
selected by the Singapore Tourism Board to participate in a Request
for Proposal to develop an integrated resort complex in Singapore,
but has withdrawn its name from further consideration for the
project. Argosy began work on the project in 2004, in response to a
Request for Concept, when the timeframe for legalization of casino
gaming in Singapore and development of the integrated resort
project was unknown. While pleased that the initial submission
qualified for the final bidding process, due to the expected summer
deadline for the Request for Proposal, and in light of the pending
merger of Argosy with Penn National Gaming, Argosy and Penn have
agreed not to move forward with the process. About Argosy Gaming
Company Argosy Gaming Company is a leading owner and operator of
casinos and related entertainment and hotel facilities in the
midwestern and southern United States. Argosy owns and operates the
Argosy Casino-Alton in Illinois, serving the St. Louis metropolitan
market; the Argosy Casino-Riverside in Missouri, serving the
greater Kansas City metropolitan market; the Argosy Casino-Baton
Rouge in Louisiana; the Argosy Casino-Sioux City in Iowa; the
Argosy Casino-Lawrenceburg in Indiana, serving the Cincinnati and
Dayton metropolitan markets; and the Empress Casino Joliet in
Illinois serving the greater Chicagoland market. DATASOURCE: Argosy
Gaming Company CONTACT: Jim Wise, +1-618-474-7476, or, Erin
Williams, +1-618-474-7465, both of Argosy Gaming Company Web site:
http://www.argosycasinos.com/
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