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Article: Columbia Entertainment Announces Termination of Agreement to Acquire Casino Queen.
- Article from:
- Business Wire
- Article date:
- March 9, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FT. MITCHELL, Ky. -- Columbia Entertainment announced today that its agreement to acquire the Casino Queen Riverboat in East St. Louis, Illinois, has been terminated.
"Casino Queen withheld information from us that was the foundation for disciplinary complaints against certain of its owners by the Illinois Gaming Board," said Donna B. More, Columbia's Vice President and General Counsel. "We believe that the issuance of these complaints adversely affected the timing of the regulatory review of the acquisition, thereby causing delays that we could not anticipate and over which we had no control. The delays ultimately led to the termination of the agreement."
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