Black Hawk Gaming Announces Withdrawal of Application for Casino License in St. Croix.BLACK HAWK Black Hawk (born 1767, Sauk Sautenuk, Va.—died Oct. 3, 1838, village on the Des Moines River, Iowa, U.S.) Sauk Indian leader. Long antagonistic to whites, Black Hawk was driven into Iowa from Illinois in 1831. , Colo.--(BUSINESS WIRE)--Jan. 25, 1999--Black Hawk Gaming & Development Company, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. : BHWK), owner and operator of the Gilpin Hotel Casino and 75 percent owner and operator of The Lodge Casino at Black Hawk, both located in Black Hawk, CO, announced today that it has withdrawn its application for a casino license in St. Croix, U. S. Virgin Islands. Black Hawk Gaming's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Jeffrey P. Jacobs said, "As we stated from the beginning, this project was subject to several economic conditions. We were unable to reach an agreement with the Virgin Islands Casino Control Commission with respect to certain development issues, and therefore we chose to withdraw our application. We are also in the process of terminating our joint venture and development agreement with certain private companies in St. Croix known as the DCI Group." Black Hawk Gaming acquired 100% ownership of the Gilpin Hotel Casino on April 24, 1998 and opened its second casino, The Lodge Casino at Black Hawk, on June 24, 1998. Both facilities are in Black Hawk, Colorado For other uses of Blackhawk/Black Hawk, see Black Hawk. The historic City of Black Hawk is a Home Rule Municipality in Gilpin County, Colorado, United States. The city population was 118 at U.S. Census 2000, making Black Hawk the least populous city in Colorado. and make the company the largest operator in Black Hawk, with over 1,200 gaming devices under management in the combined facilities. |
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