SIOUX CITY, Iowa (AP) — A Sioux City nonprofit is suing the owner of the former Argosy Sioux City riverboat casino.
The Sioux City Journal (http://bit.ly/2gR4gPg ) reports Community Action Agency of Sioux City is seeking nearly $2 million in revenue-sharing payments on behalf of itself and as many as 54 other nonprofits that have received grants from the Missouri River Historical Development. MRHD is a state-licensed nonprofit group that distributed some of the casino’s gambling profits.
The Belle of Sioux City, which operated the casino, was a subsidiary of Penn National Gaming Inc. Penn stopped making payments to MRHD in April 2013 after suing it for breach of contract. Penn had sought an appointment of a third party to distribute the funds until the lawsuit against MRHD was settled, but that request was denied.
Community Action’s lawsuit is trying to collect those withheld funds.
