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Article: Argosy Gaming Company Reports Fourth Quarter and Year End Results
- Article from:
- PR Newswire
- Article date:
- February 18, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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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ALTON, Ill., Feb. 18 /PRNewswire/ -- Argosy Gaming Company (NYSE: AGY) announced results for its fourth quarter and year ended December 31, 1997. The Company reported a net loss of $7.7 million or $.32 per share for the quarter ended December 31, 1997, before giving effect to a charge of $9.6 million in connection with the writedown of certain assets held for sale. These assets include the Argosy I vessel and the Spirit of America barge. The 6,000 square foot Argosy I is the original riverboat casino the Company utilized in Alton, Illinois from September 1991 until it was replaced by the Argosy II in May 1993. The Spirit of America barge was purchased by the Company ...
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