Showboat Announces Dividend.LAS VEGAS--(BUSINESS WIRE)--Feb. 6, 1998--Showboat showboat. In the early 19th cent. entertainment was brought by boat to the pioneers that settled along the western rivers (especially the Mississippi and Ohio) of the United States. At first companies only traveled by boat, performing on land. Later the boats themselves, first paddle boats and finally steamboats, were equipped with stages. Docking near a town, they would herald their arrival with trumpets and flags., Inc., (NYSE:SBO SBO - Safety By Observation SBO - Secondary Buy-Out (mergers & acquisitions) SbO - Security By Obscurity SBO - Senior British Officer SBO - Side Band Only SBO - Sky Box Office (UK pay TV) SBO - Small Block Oldsmobile (automotive engine) SBO - Small Bowel Obstruction SBO - Small Business Opportunity SBO - Soil-Based Organism (probiotic bacteria) SBO - Sound Board Operator (theatre) SBO - Special Bureau for the Oceans (IERS)) announced that its Board of Directors declared a dividend of two and one-half cents ($.025) per share on the Company's common stock. Payment will be made on April 10, 1998, to shareholders of record as of March 15, 1998. Showboat, Inc., through its subsidiaries, owns and operates casino hotels in Las Vegas, Nevada, and Atlantic City, New Jersey. It manages and is the largest single shareholder of the Sydney Harbour Casino in Sydney, New South Wales, Australia. The Company also beneficially owns 55% of, and manages, the Showboat Mardi Gras Casino in East Chicago East Chicago, city (1990 pop. 33,892), Lake co., extreme NW Ind., on Lake Michigan, in the industrialized Calumet region, adjoining Gary, Hammond, and Whiting; inc. 1889. It is a large port, its Indiana Harbor on Lake Michigan connected with the Grand Calumet River by a ship and barge canal. Once busy with steelworks, oil refineries, railroad equipment shops, and chemical plants, the city has declined steadily, losing jobs and population since the 1970s., Indiana. CONTACT: Investor Relations: Company: The Foristall Company, Inc. Craig Bird 130 Water Street, Suite 4M Exec. VP - Strategic New York, NY 10005 Financing/IR & CFO T.F. Curtin/L.E. Foristall Showboat, Inc. 212-797-4646 609-487-2061 or Company Brad Straub VP-Finance & Treasurer Showboat, Inc. 609-487-2018 |
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