Penn National keeps casino options in Sioux City

SIOUX CITY, Iowa (AP) — Penn National Gaming Co. says it will hold onto control of two properties used to bid for a land-based casino in the Sioux City area.

The Sioux City Journal reports (http://bit.ly/15nxCrc ) the company will retain long-term land purchase options for a site in downtown Sioux City and one in rural Woodbury County. A spokeswoman says they want them in case another opportunity is available to bid on a gambling license.

Penn lost a bid in April to build a land-based casino that would replace its Argosy riverboat casino. The Iowa Racing and Gaming Commission awarded the license to Sioux City Entertainment over other applicants, including two proposals from Penn.

Penn says it disagrees with the commission’s decision, and it has asked a judge to overturn it.

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Information from: Sioux City Journal, http://www.siouxcityjournal.com

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