UNDER TERMS OF THE DEAL, C-D-I WOULD SELL THE PROPERTY ASSOCIATED WITH HARD ROCK SIOUX CITY TO A THIRD PARTY AND THEN LEASE IT BACK TO RUN THE CASINO.
IOWA RACING AND GAMING ADMINISTRATOR, BRIAN OHORILKO (O-RILL-KO) SAYS HIS OFFICE WAS NOTIFIED OF THE DEAL THIS (TUESDAY) MORNING. THE COMPANY WHICH OWNS THE HISTORIC SITE OF THE KENTUCKY DERBY HAS ANNOUNCED A DEAL TO PURCHASE THE ASSETS OF THE COMPANY WHICH OWNS SIOUX CITY’S HARD ROCK CASINO.ĬHURCHILL DOWNS INCORPORATED HAS ENTERED AN AGREEMENT TO BUY THE ASSETS OF PENINSULA PACIFIC ENTERTAINMENT FOR TWO-POINT-FOUR-EIGHT BILLION DOLLARS.
