CROWN CASINO AND CASINO AMERICA OBTAIN STATE POLICE APPROVAL.DALLAS--(BUSINESS WIRE)--March 15, 1995--Crown Casino Corporation (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 :DICE) and Casino America, Inc. (NASDAQ:CSNO CSNO California School Nurses Organization ) today announced that the Louisiana State Police approved the sale of a 50% interest in St. Charles Gaming Company, Inc. ("SCGC SCGC Sugar Cane Growers Cooperative of Florida SCGC Saginaw County Governmental Center (Saginaw, Michigan) "), Crown's wholly-owned subsidiary, to Louisiana Riverboat Gaming Partnership ("LRGP"). LRGP, a joint venture owned 50% by Casino America and 50% by Louisiana Downs, Inc., an Edward J. DeBartolo company, owns the Isle of Capri dockside riverboat casino in Bossier City, Louisiana Bossier City is a city in Bossier Parish, Louisiana, United States. [1] [2] As of the 2000 Census, the city had a total population of 56,461. Bossier City is closely tied to its larger sister city Shreveport, located on the western bank of the Red River. . The riverboat casino will be located in Calcasieu Parish, Louisiana Calcasieu Parish (French: Paroisse de Calcasieu) is a parish located in the U.S. state of Louisiana. The parish seat is Lake Charles. As of 2000, the population was 183,577. The Lake Charles Metropolitan Statistical Area consists of Calcasieu and Cameron parishes. , near Lake Charles, and will be managed by Casino America, an Isle of Capri Casino. On February 8, 1995 Crown Casino and Casino America reported previously that they had received the approval of the Louisiana Riverboat Gaming Commission to relocate SCGC's berthing site to Calcasieu Parish. Completion of the transaction is expected to occur prior to May 15, 1995. Edward R. McMurphy, President of Crown Casino stated, "We are excited to have received this approval which is the last major regulatory hurdle in completing the transaction. Construction on the site is expected to commence shortly." CONTACT: Crown Casino Corporation, Dallas Edward R. McMurphy, 214/352-7561 or Casino America, Inc. Allan B. Solomon, 407/995-6660 |
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