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Monday, March 12, 2007

Columbia Sussex won't buy Casino Queen

The Casino Queen in East St. Louis said Thursday that it terminated its plan
to be bought by a Kentucky company that has had difficulty obtaining gaming
licenses in Illinois and Missouri. Columbia Sussex Corp.'s $200 million bid
was good only through the end of last month. No deal was made because
Columbia did not get approval from the Illinois Gaming Board for a license.
Columbia abandoned an earlier bid to buy a Missouri casino after learning
that regulators there were unlikely to grant a license.

posted by Jerry "Jet" Whittaker at 3/12/2007 04:34:00 AM

 

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