Parent company of former Iowa casino owner added to lawsuit
Aug. 18, 2017
SIOUX CITY, Iowa (AP) — The parent company of a former Iowa riverboat casino has been added to a lawsuit seeking nearly $2 million in unpaid revenue-sharing funds.
The Sioux City Journal reports that attorneys for Community Action Agency of Siouxland added Penn National Gaming Inc. to its lawsuit against the Belle of Sioux City, which operated the former Argosy Sioux City. Doing so serves to debunk arguments made by the former casino's lawyers that the Belle of Sioux City and Iowa Gaming Company do not have the money to make payments.
Attorney Terry Giebelstein, who represents Community Action Agency of Siouxland, argues in a court filing that Belle transferred nearly $13 million to its parent company, Pennyslvania-based Penn National Gaming, in 2013 and 2014.
Information from: Sioux City Journal, http://www.siouxcityjournal.com