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Argosy to Develop Kenosha Casino

KENOSHA, WI - Riverboat casino operators inks a deal to build a new Indian casino just north of the Illinois border, midway between the Chicago and Milwaukee markets.

By Dees Stribling | Updated on December 27, 2000

KENOSHA, WI – Argosy Gaming Co. has entered into an agreement with Nii-Jii Entertainment LLC to serve as the developer and operator of a proposed Indian casino in Kenosha, WI. Nii-Jii has separately entered into an agreement with the Menominee Tribe of Wisconsin to serve as the manager of the casino project, which has been proposed for the Dairyland Greyhound Race Track site in Kenosha. The proposed casino is subject to numerous regulatory approvals, including approval from the U.S. Bureau of Indian Affairs.

Under its agreement with Nii-Jii, Argosy has also committed to provide up to $35 million of subordinated debt for the project. Argosy’s financing commitment is conditioned upon the tribe obtaining the requisite regulatory approvals and raising the remaining project costs through an institutionaldebt offering.

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