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Argosy Gaming Company was an Alton , Illinois based casino operator. The company through the political connections of its chairman William F.
Cellini received the first gambling license in Illinois in modern times. It began operations in September, with the opening of the Alton Belle Casino. Among the biggest initial investors was John Connors, brother of tennis champion Jimmy Connors , Illinois attorney and Democratic power-broker L. Thomas Lakin, as well as other influential St. Louis area businessmen. Jimmy Connors would later become a substantial investor with both brothers maintaining a 19 percent share after it went public.
The company toyed with bankruptcy in the late s with John Connors personally declaring Chapter 7 bankruptcy. Penn National and Argosy completed their merger in October From Wikipedia, the free encyclopedia. Argosy Gaming Company Former type. James Press, via fundinguniverse.
Until , the Oasis was the only casino in Mesquite. Portions of the Oasis were closed in December , due to financial losses. The Oasis' casino was closed in , although the hotel was still used for overflow guests at Black Gaming's other Mesquite casinos. The Oasis was demolished in The property began in the s,  as the Western Village Truck Stop, with 28 motel rooms and 23 slot machines. In October , Redd turned over control of the Oasis to his son-in-law, Alan Green, who was named as president and sole director.
Redd Family Trust, which owned the property. In June , employees at the Oasis had to reapply for their jobs at the resort when it was sold to Randy Black Sr. Black claimed that he rehired of the Oasis' employees, and that any salary cuts would be caused by Mesquite market conditions.
I was never really a casino owner. The Oasis was a good idea and it was fun, but it never really was a money maker because it was not managed right. On December 1, , Black Gaming announced plans to temporarily close the Oasis' casino, restaurants and night clubs on December 5, cutting jobs as part of a bank agreement. Restaurant operations were expected to cease on the night of December 5. Some slot machines were left operational at the resort's front counter to maintain a nonrestricted gaming license.
Black said that "no assurances" could be made as to when the Oasis' facilities could reopen. The resort's hotel, RV park, golf course, and gun club were expected to remain open, as well as its timeshare facilities:  the unit Grand Destinations Vacation Club and the unit Peppermill Palms at Mesquite, a total of 73 units. In February , Black Gaming's bank agreement was extended, allowing it to continue with reduced operations.
During a Chapter 11 hearing, company officials considered demolition of the Oasis. On May 19, , Randy Black Sr. At that time, 16 slot machines remained operational at the casino. At least hotel rooms were expected to be kept and remain operational, depending on business conditions. No plans for the property's future had been decided at that time. In June , Black Gaming announced plans to cease operations of its 16 slot machines,  and announced that nearly hotel rooms would remain after demolition.