Miss Marquette Riverboat Casino
| Club Name: | Miss Marquette Riverboat |
| Address: | 100 Anti-Monopoly Street |
| Marquette, Iowa 52158 | |
| Phone: | Phone: (319) 873-3531 Toll Free: (800) 4-YOU-BET |
| Map View: | Click Here |
| Average Rating: | |
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- Miss Marquette Riverboat Casino a Tourist Attractions in Marquette, IA located at 100 Brown St.
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| Casino Club Facility | ||
|---|---|---|
| Casino Type | : | Standard |
| Size | : | Medium |
| Minimum Age | : | |
| Alcohol | : | |
| Player Comps | : | |
| VIP Area | : | |
| Entertainment | : | |
| Smoking | : | |
| Hotel | : | |
| Phone | : | |
| Entertainment | : | Standard |
| Restaurant | : | |
| Buffet | : | |
| Hours | : | |
Miss Marquette Riverboat Casino
| Additional Casino Information | |||||||
|---|---|---|---|---|---|---|---|
| Blackjack | Avaliable | Slots | Avaliable | ||||
| Poker | Avaliable | Roulette | Avaliable | ||||
| Craps | - | Baccarat | - | ||||
| Keno | - | Bingo | Avaliable | ||||
| Pull Tabs | Avaliable | Video Slots | - | ||||
| Vid Poker | Avaliable | Vid Keno | - | ||||
| Vid Blkjk | - | Vid Craps | Avaliable | ||||
| Vid Rlte | - | Sport Bk | - | ||||
| Race Bk | Avaliable | Simulcast | - | ||||
| Mini Baccrt | - | Dble Exp BJ | - | ||||
| Spanish 21 | - | Carib Stud | - | ||||
| LetIt Ride | Avaliable | 3 Crd Poker | Avaliable | ||||
| Dble Dwn Stud | Avaliable | Pai Gow Pkr | Avaliable | ||||
| Casino War | - | Pai Gow | - | ||||
| Red Dog | - | Sic Bo | - | ||||
| Big 6 | - | Hold Em | - | ||||
| VLT | - | Omaha | - | ||||
| 7 Card Stud | Avaliable | Draw Poker | - | ||||
| Table Games | Avaliable | Punto Banco | - | ||||
| Horse Racing | Avaliable | Dog Racing | Avaliable | ||||
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| Industry | Gaming |
|---|---|
| Founded | 1989 |
| Headquarters | Rapid City, South Dakota |
Sodak Gaming, Inc. was a gaming company based in Rapid City, South Dakota that distributed slot machines to Indian casinos and financed casino projects. It was acquired by International Game Technology (IGT) in 1999 for $230 million.
History[edit]
Sodak was formed in 1989 to supply equipment to gambling halls in Deadwood, South Dakota,[1] and soon became the exclusive distributor of IGT machines to tribal casinos.[2] The Promus Companies acquired a 20 percent stake in Sodak in November 1992.[2] Sodak made its initial public offering in June 1993.[3]
Sodak purchased and refitted a riverboat and leased it to Gaming Supply Co., who opened it in December 1994 as the Miss Marquette casino, in Marquette, Iowa.[4] After Gaming Supply defaulted on lease payments, Sodak bought out the company for less than $5.5 million,[5] taking over operation of the casino in July 1996.[6]
Miss Marquette Riverboat Casino Iowa
The company moved into the South American market in an effort to diversify its revenue base.[7] In May 1995, it began establishing gaming halls and slot route operations in Peru, reaching a total of 1,300 machines by the end of 1996.[7][8] It opened a casino at the Crowne Plaza Hotel in Quito, Ecuador in March 1996, followed by a gaming hall in Rio de Janeiro, Brazil in June 1996.[7] In June 1998, Sodak announced its decision to divest its South American operations, citing a lack of profitability and an unstable regulatory environment.[9][10] The ventures in Ecuador, Peru, and Brazil were sold off by the end of the year.[11]
Sodak agreed in March 1999 to be acquired by IGT for $230 million.[12] As IGT executives did not want to operate casinos, the deal called for Sodak to sell the Miss Marquette casino and its interest in a Louisiana casino project.[13] The Miss Marquette was sold to Lady Luck Gaming for $42 million.[14][15] Sodak's partner in the Louisiana project, Hollywood Casino Corp., purchased Sodak's stake for $2.5 million.[16][17] The acquisition of Sodak by IGT was completed in September 1999.[18]
Following the acquisition, Sodak continued to operate out of Rapid City as a division of IGT, focused on distributing products to Indian casinos.[19] IGT began a reorganization of its North American businesses in 2005, which included dispersing Sodak's operations around the country, and phasing out the Sodak name.[19]
References[edit]
- ^Kafka, Joe (March 11, 1999). 'Rapid City gambling company to be sold'. Associated Press Newswire. – via Factiva (subscription required)
- ^ ab'Promus acquires interest'. Las Vegas Review-Journal. November 11, 1992. – via Factiva (subscription required)
- ^Rosato, Donna (July 1, 1993). 'Dow falls 2.77 as economic news worsens'. USA Today. – via Factiva (subscription required)
- ^'Miss Marquette boat overdue on Sodak pmnts'. Select Federal Filings Newswires. November 16, 1995. – via Factiva (subscription required)
- ^'Sodak Gaming/Buy: Valued at less than $5.5M in cash, note'. Dow Jones News Service. May 21, 1996. – via Factiva (subscription required)
- ^'Miss Marquette awash in red ink'. The Gazette. Cedar Rapids, IA. AP. April 4, 1997 – via NewsBank.
- ^ abcForm 10-K: Annual Report (Report). Sodak Gaming. March 28, 1997. p. 20 – via EDGAR.
- ^Form 10-K: Annual Report (Report). Sodak Gaming. March 28, 1997. p. 3 – via EDGAR.
- ^'Sodak Gaming announces corporate restructuring' (Press release). Sodak Gaming. June 18, 1998. ProQuest448798942. – via ProQuest (subscription required)
- ^'Home Depot builds outside N. America'. Sun Sentinel. Fort Lauderdale, FL. July 6, 1998 – via NewsBank.
- ^Form 10-K: Annual Report (Report). Sodak Gaming. March 30, 1999. p. 20 – via EDGAR.
- ^Berns, Dave (March 12, 1999). 'IGT to acquire Sodak Gaming for $230 million'. Las Vegas Review-Journal – via NewsBank.
- ^Thompson, Gary (March 11, 1999). 'IGT buying slot distributor in week's second gaming merger'. Las Vegas Sun. Retrieved 2018-01-12.
- ^Berg, Renee (August 6, 1999). 'Casino sells for $42 million'. The Telegraph-Herald. Dubuque, IA. Retrieved 2012-06-24.
- ^'Las Vegas company buys Miss Marquette'. The Telegraph-Herald. Dubuque, IA. November 6, 1999. Retrieved 2012-06-23.
- ^'Hollywood Casino announces purchase agreement'. Dallas Business Journal. April 6, 1999. Retrieved 2018-01-21.
- ^Form 10-Q: Quarterly Report (Report). Sodak Gaming. May 4, 1999. p. 8 – via EDGAR.
- ^'Slot maker finalizes Sodak Gaming purchase'. Las Vegas Sun. September 2, 1999. Retrieved 2012-08-03.
- ^ abDaly, Dan (March 9, 2005). 'Sodak's role unclear in restructure'. The Rapid City Journal. Rapid City, SD – via NewsBank.