Miss Marquette Casino Rating: 3,5/5 1146 reviews
  • Stay away from the 'Farmer's Market Buffet' at Lady Luck Casino in Marquette, Ia We are not big gamblers, maybe go to a casino 1x yr and spend $20 and are lucky to break even, but figure it's a night out that's cheaper than a movie. Since Lady Luck Casino is only about 20 miles away, we have been there a few times, but mostly for the buffets.
  • The Miss Marquette was sold to Lady Luck Gaming for $42 million. 14 15 Sodak's partner in the Louisiana project, Hollywood Casino Corp., purchased Sodak's stake for $2.5 million. 16 17 The acquisition of Sodak by IGT was completed in September 1999.
  • I loved visiting the Miss Marquette river boat and tours g the Lady Luck Casino. It was cool walking from the Casino over the top of the highway in an enclosed ramp to get to the other side and go onboard at the river boat docked in the Mississippi River.

The Miss Marquette was sold to Lady Luck Gaming for $42 million. 14 15 Sodak's partner in the Louisiana project, Hollywood Casino Corp., purchased Sodak's stake for $2.5 million. 16 17 The acquisition of Sodak by IGT was completed in September 1999. Casino Queen Marquette is a 17,514 square feet (1,627.1 m 2) riverboat casino located in Marquette, Iowa (across the Mississippi River from Prairie du Chien, Wisconsin) that is owned and operated by CQ Holdings. The riverboat, named Miss Marquette, is located by a 31-acre (13 ha) site that also contains an enclosed pavilion, providing dining on.

Miss marquette casino iowa
Sodak Gaming
IndustryGaming
Founded1989
HeadquartersRapid City, South Dakota
CasinoRiverboat

Sodak Gaming, Inc. was a gaming company based in Rapid City, South Dakota that distributed slot machines to Indian casinos and financed casino projects. It was acquired by International Game Technology (IGT) in 1999 for $230 million.

History[edit]

Miss Marquette Casino

Sodak was formed in 1989 to supply equipment to gambling halls in Deadwood, South Dakota,[1] and soon became the exclusive distributor of IGT machines to tribal casinos.[2] The Promus Companies acquired a 20 percent stake in Sodak in November 1992.[2] Sodak made its initial public offering in June 1993.[3]

Sodak purchased and refitted a riverboat and leased it to Gaming Supply Co., who opened it in December 1994 as the Miss Marquette casino, in Marquette, Iowa.[4] After Gaming Supply defaulted on lease payments, Sodak bought out the company for less than $5.5 million,[5] taking over operation of the casino in July 1996.[6]

The company moved into the South American market in an effort to diversify its revenue base.[7] In May 1995, it began establishing gaming halls and slot route operations in Peru, reaching a total of 1,300 machines by the end of 1996.[7][8] It opened a casino at the Crowne Plaza Hotel in Quito, Ecuador in March 1996, followed by a gaming hall in Rio de Janeiro, Brazil in June 1996.[7] In June 1998, Sodak announced its decision to divest its South American operations, citing a lack of profitability and an unstable regulatory environment.[9][10] The ventures in Ecuador, Peru, and Brazil were sold off by the end of the year.[11]

Sodak agreed in March 1999 to be acquired by IGT for $230 million.[12] As IGT executives did not want to operate casinos, the deal called for Sodak to sell the Miss Marquette casino and its interest in a Louisiana casino project.[13] The Miss Marquette was sold to Lady Luck Gaming for $42 million.[14][15] Sodak's partner in the Louisiana project, Hollywood Casino Corp., purchased Sodak's stake for $2.5 million.[16][17] The acquisition of Sodak by IGT was completed in September 1999.[18]

Miss Marquette Gambling Boat

Following the acquisition, Sodak continued to operate out of Rapid City as a division of IGT, focused on distributing products to Indian casinos.[19] IGT began a reorganization of its North American businesses in 2005, which included dispersing Sodak's operations around the country, and phasing out the Sodak name.[19]

Miss Marquette Casino

References[edit]

Miss Marquette Riverboat Casino

Casino
  1. ^Kafka, Joe (March 11, 1999). 'Rapid City gambling company to be sold'. Associated Press Newswire. – via Factiva (subscription required)
  2. ^ ab'Promus acquires interest'. Las Vegas Review-Journal. November 11, 1992. – via Factiva (subscription required)
  3. ^Rosato, Donna (July 1, 1993). 'Dow falls 2.77 as economic news worsens'. USA Today. – via Factiva (subscription required)
  4. ^'Miss Marquette boat overdue on Sodak pmnts'. Select Federal Filings Newswires. November 16, 1995. – via Factiva (subscription required)
  5. ^'Sodak Gaming/Buy: Valued at less than $5.5M in cash, note'. Dow Jones News Service. May 21, 1996. – via Factiva (subscription required)
  6. ^'Miss Marquette awash in red ink'. The Gazette. Cedar Rapids, IA. AP. April 4, 1997 – via NewsBank.
  7. ^ abcForm 10-K: Annual Report (Report). Sodak Gaming. March 28, 1997. p. 20 – via EDGAR.
  8. ^Form 10-K: Annual Report (Report). Sodak Gaming. March 28, 1997. p. 3 – via EDGAR.
  9. ^'Sodak Gaming announces corporate restructuring' (Press release). Sodak Gaming. June 18, 1998. ProQuest448798942. – via ProQuest (subscription required)
  10. ^'Home Depot builds outside N. America'. Sun Sentinel. Fort Lauderdale, FL. July 6, 1998 – via NewsBank.
  11. ^Form 10-K: Annual Report (Report). Sodak Gaming. March 30, 1999. p. 20 – via EDGAR.
  12. ^Berns, Dave (March 12, 1999). 'IGT to acquire Sodak Gaming for $230 million'. Las Vegas Review-Journal – via NewsBank.
  13. ^Thompson, Gary (March 11, 1999). 'IGT buying slot distributor in week's second gaming merger'. Las Vegas Sun. Retrieved 2018-01-12.
  14. ^Berg, Renee (August 6, 1999). 'Casino sells for $42 million'. The Telegraph-Herald. Dubuque, IA. Retrieved 2012-06-24.
  15. ^'Las Vegas company buys Miss Marquette'. The Telegraph-Herald. Dubuque, IA. November 6, 1999. Retrieved 2012-06-23.
  16. ^'Hollywood Casino announces purchase agreement'. Dallas Business Journal. April 6, 1999. Retrieved 2018-01-21.
  17. ^Form 10-Q: Quarterly Report (Report). Sodak Gaming. May 4, 1999. p. 8 – via EDGAR.
  18. ^'Slot maker finalizes Sodak Gaming purchase'. Las Vegas Sun. September 2, 1999. Retrieved 2012-08-03.
  19. ^ abDaly, Dan (March 9, 2005). 'Sodak's role unclear in restructure'. The Rapid City Journal. Rapid City, SD – via NewsBank.
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Sodak_Gaming&oldid=929967285'
Coments are closed
© 2022 - quecasistisidi.netlify.com
Scroll to top